FLSmidth

FLSmidth and Co. A/S was founded in Copenhagen on 2 January 1882 by Frederik Læssøe Smidth (da). It was initially a consultancy business whose main focus was to purchase machinery and build small machines for local craftsmen. Within a few years the firm, called “Technical Bureau” at the time, specialised in machinery for the brick and tile industry. In 1887 two engineers, Poul Larsen and Alexander Foss, were made partners and the company name was changed to F.L.Smidth & Co. In 1887, the first FLSmidth cement plant was built near Limhamn in Sweden. The company grew and in 1890 the first international office opened in London. Offices in Paris, New York, Tokyo, Peking (Beijing) and other major cities followed. In 1957, F.L.Smidth machinery accounted for 40 percent of all cement production in the world.

In 1954, FLSmidth inaugurated its head office in Vigerslev Alle in the Copenhagen suburb of Valby, becoming an iconic part of the city landscape with its highly praised red-brick buildings. The building was designed by the architect Palle Suenson. In 2022, FLSmidth announced that it will move to a new head office in Copenhagen, likely in the second half of 2024.

Over the years, the company has expanded with non-core activities and in 1989 the entire FLSmidth Group consisted of some 125 companies within areas such as cement engineering, plastic, aerospace and cement building materials. Throughout the 1990s, product companies such as Pfister, Ventomatic and MAAG Gear were acquired.{{Cite web |title=FLSmidth acquisition history |url=https://www.flsmidth.com:443/en-gb/company/investors/the-share/acquisition-and-sale-history |access-date=2023-04-05 |website=FLSmidth |language=en}}

In 1990, the Group acquired Fuller Company and established the F.L.Smidth-Fuller Engineering Group. Two minerals processing divisions, Fuller Mineral Processing and FLSmidth Mineral Processing, were set up in FLSmidth and Fuller. In 1997, the company was named FFE Minerals after merging the two separate minerals divisions into one single company.

FLS Miljø developed a process with Supercritical carbon dioxide to dissolve and carry organic wood preservative into timber, an alternative to polluting Chromated copper arsenate (CCA).{{cite web | url=https://www.isasf.net/fileadmin/files/Docs/Versailles/Papers/Pe1.pdf | title=Pe1.doc - Pe1.pdf | access-date=2019-03-10 | author=Steen Brummerstedt Iversen, Tommy Larsen, Ole Henriksen and Karsten Felsvang | archive-url=https://web.archive.org/web/20190310222157/https://www.isasf.net/fileadmin/files/Docs/Versailles/Papers/Pe1.pdf | archive-date=2019-03-10 | url-status=dead }}{{cite web | url=https://www.epd-norge.no/getfile.php/139894-1549545249/EPDer/Byggevarer/Heltreprodukter/NEPD-1641-654_Utvendig-kledning-av-Superwood_en_1.pdf | title=NEPD-1641-654_Utvendig-kledning-av-Superwood_en_1.pdf |date=2018-10-01 |access-date=2019-03-10 }}

As FLS Miljø was closed in 2004,{{Cite web|url=https://www.cemnet.com/News/story/148161/danish-fls-industries-executive-vice-president-to-resign.html|title=Danish FLS Industries Executive Vice President To Resign|date=2003-12-22|website=International Cement Review|access-date=2019-12-10}} some of the employees later contributed to a similar process to remove cork tainting 2,4,6-Trichloroanisole (TCA) from wine corks.{{cite web | url=https://ing.dk/artikel/dansk-knowhow-renser-spanske-korkpropper-60556 | title=Dansk knowhow renser spanske korkpropper |publisher= Ingeniøren |date=2004-02-27 |access-date=2019-03-10 |author= Bjørn Godske }}{{cite web | url=http://pict.oeno.tm.fr/documents/16501/1828733/x_TAP_web_Lumia-partie2_118_Les-fluides-supercritiques.en.pdf/1096a7e8-d275-48b9-ba57-5c5c7307df9f | title=Supercritical fluids – An innovation for cork closures! – Part 2 of 2 |date=January 2006 |access-date=2019-03-10 |author=Guy Lumia & Jean-Marie Aracil }}{{cite web | url=http://www.afinitica.com/arnews/sites/default/files/techdocs/CO2%20on%20Cork.pdf | title= CO42 Lack Manuskript.doc - CO2 on Cork.pdf |access-date=2019-03-10 |author=Dr. Eduard Lack, H. Seidlitz, Moaad Bakali, Rudolf Zobel }}{{YouTube|3Y-sC3iMNmQ|Closures supercritical CO2 process removing TCA}}

In the beginning of the 21st century the Group began to continuously sell off non-core activities.{{cite web |url=https://nordjyske.dk/nyheder/en-historie-om-storhed-og-fald-rutsjetur-bogen-flsmidth-et-eventyr-i-cement-goer-grundigt-rede-for-hvordan-intern-splid-og-magtkampe-sendte-dansk-industris-flagskib-i-knae/70fa4a33-8427-4677-8d39-61036090c213 |title=En historie om storhed og fald RUTSJETUR: Bogen "FLSmidth - et eventyr i cement" gør grundigt rede for, hvordan intern splid og magtkampe sendte dansk industris flagskib i knæ |publisher=Nordjyske Stiftstidende |date=2005-11-06 |access-date=2019-03-10 |author=Niels Brauer |archive-date=2019-03-10 |archive-url=https://web.archive.org/web/20190310173518/https://nordjyske.dk/nyheder/en-historie-om-storhed-og-fald-rutsjetur-bogen-flsmidth-et-eventyr-i-cement-goer-grundigt-rede-for-hvordan-intern-splid-og-magtkampe-sendte-dansk-industris-flagskib-i-knae/70fa4a33-8427-4677-8d39-61036090c213 |url-status=dead }}

On 2 April 2007, FFE Minerals acquired Rahco International, Inc.{{Cite news|url=https://www.reuters.com/article/idUSL3040708120070330|title=FLSmidth buys U.S. materials handling business|date=2007-03-30|work=Reuters|access-date=2019-12-10|language=en}} In May 2007, FFE Minerals was renamed FLSmidth Minerals and on 10 August 2007, FLSmidth acquired GL&V Process,{{Cite press release|url=http://www.globenewswire.com/news-release/2007/08/10/89011/0/en/FLSmidth-s-acquisition-of-GL-V-Process-is-now-closed.html|title=FLSmidth s acquisition of GL&V Process is now closed|publisher=FLSmidth & Co A/S|date=2007-08-10|website=GlobeNewswire News Room|access-date=2019-12-10}} at that point the company's largest acquisition, enabling it to gain a foothold in the global copper industry.

In May and October 2008, FLSmidth acquired Pneumapress Inc.{{Cite press release|url=http://www.globenewswire.com/news-release/2008/05/16/51579/0/en/FLSmidth-acquires-world-leading-pressure-filter-technology.html|title=FLSmidth acquires world leading pressure filter technology|publisher=FLSmidth & Co A/S|date=2008-05-16|website=GlobeNewswire News Room|access-date=2019-12-10}} and CEntry, an engineering consultancy based in Utah.{{Cite press release|url=https://www.flsmidth.com:443/en-gb/company/news/company-announcements/2008/flsmidth-to-acquire-assets-of-american-engineering-company-centry|title=FLSmidth To Acquire Assets Of American Engineering Company CEntry|website=FLSmidth}}

In 2009, FLSmidth acquired Conveyor Engineering Inc.{{Cite news|url=https://www.reuters.com/article/flsmidth-idUSDKT00240620090227|title=FLSmidth acquires Conveyor Engineering|date=2009-02-27|work=Reuters|access-date=2019-12-10|language=en}} and EEL India Limited{{Cite web|url=http://borsen.dk/nyheder/generelt/artikel/1/157026/fls_acquires_indian_cement_handling_company.html|title=FLS acquires Indian cement handling company|date=2009-05-06|website=borsen.dk|language=da|access-date=2019-12-10|archive-date=2019-12-11|archive-url=https://web.archive.org/web/20191211010839/https://borsen.dk/nyheder/generelt/artikel/1/157026/fls_acquires_indian_cement_handling_company.html|url-status=dead}} on 1 March 2009 and 28 July 2009 respectively. These acquisitions gave FLSmidth a know-how in design and supply of major bulk material handling systems for cement, mining, heavy industrial facilities and bagging equipment worldwide.

The year 2011 saw FLSmidth acquiring some major minerals and cement companies like ESSA Australia Limited on 17 February 2011,{{Cite web|url=https://www.mining.com/flsmidth-acquires-essa/|title=FLSmidth acquires Essa|date=2011-09-08|website=MINING.COM|language=en-US|access-date=2019-12-10}} Phillips Kiln Service Ltd on 18 August 2011{{Cite web|url=https://www.advfn.com/stock-market/USOTC/FLIDY/stock-news/48871792/flsmidth-buys-us-kiln-services-supplier-phillips-k|title=FLSmidth Buys US Kiln Services Supplier Phillips Kiln|website=ADVFN|language=en-US|access-date=2019-12-10}} and Transweigh India Ltd on 20 October 2011.{{Cite web|url=https://www.mining.com/flsmidth-to-acquire-transweigh-india-limited-17057/|title=FLSmidth to acquire Transweigh India Limited|date=2011-10-20|website=MINING.COM|language=en-US|access-date=2019-12-10}}

On 3 July 2012, FLSmidth completed the acquisition of the Australian engineering and equipment supply company Ludowici Limited,{{Cite web|url=https://www.mining.com/flsmidth-acquisition-of-australian-ludowici-now-closed/|title=FLSmidth acquisition of Australian Ludowici now closed|date=July 3, 2012}} a provider of coal centrifuges, vibrating screens and complementary wear resistant products and services for the minerals industries.

In 2012, FLSmidth acquired Decanter Machine, Inc., a United States-based manufacturer and supplier of centrifugal technology to the global minerals industries (August),{{Cite web|url=https://www.worldcement.com/the-americas/15082012/Cement_FLSmidth_Decanter_acquisition_results/|title=FLSmidth to acquire Decanter Machine, Inc.|date=2012-08-15|website=World Cement|language=en|access-date=2019-12-10}} TEUTRINE GmbH Industrie-Technik, a German company specialised in mobile solutions for repairs, refurbishments and installation services (September){{Cite web|url=https://www.ceramicindustry.com/articles/92800-flsmidth-acquires-teutrine-gmbh|title=FLSmidth Acquires TEUTRINE GmbH|website=www.ceramicindustry.com|language=en|access-date=2019-12-10|archive-date=2019-12-11|archive-url=https://web.archive.org/web/20191211010837/https://www.ceramicindustry.com/articles/92800-flsmidth-acquires-teutrine-gmbh|url-status=dead}} and Australian service companies MIE Enterprises Pty Ltd. and Mayer Bulk Pty Ltd. that provide construction, commissioning, maintenance and repair services.{{Cite web|url=https://www.mining-technology.com/contractors/crushers/ffe_minerals/pressreleases/pressflsmidth-signs-agreement-with-mie-enterprises-and-mayer-bulk/|title=FLSmidth Signs Agreement with MIE Enterprises and Mayer Bulk|website=Mining Technology {{!}} Mining News and Views Updated Daily|language=en-GB|access-date=2019-12-10|archive-date=2019-12-11|archive-url=https://web.archive.org/web/20191211010801/https://www.mining-technology.com/contractors/crushers/ffe_minerals/pressreleases/pressflsmidth-signs-agreement-with-mie-enterprises-and-mayer-bulk/|url-status=dead}}

In line with its heightened focus on core businesses areas such as cement and minerals, FLSmidth divested the capital sales of lime kilns and recausticizing equipment for use in white liquor plants in the pulp and paper industry. The business was divested to Metso Paper Sweden AB{{Cite web|url=http://manufacturing-journal.net/articles/automotive/42-news/press-release/2264-metso-strengthens-its-position-as-a-leading-supplier-to-the-pulp-industry-by-obtaining-a-license-to-flsmidth-lime-kiln-and-recausticizing-technology|title=Metso strengthens its position as a leading supplier to the pulp industry by obtaining a license to FLSmidth Lime Kiln and Recausticizing Technology|website=manufacturing-journal.net}} by means of a license agreement. The licence was perpetual and exclusive in relation to FLSmidth.

In 2022, FLSmidth acquired Mining Technologies,{{Cite web |title=thyssenkrupp successfully completes sale of mining business to FLSmidth |url=https://www.thyssenkrupp.com/en/newsroom/press-releases/pressdetailpage/thyssenkrupp-successfully-completes-sale-of-mining-business-to-flsmidth-138390 |access-date=2023-01-25 |website=thyssenkrupp |language=en}} the mining division of German thyssenkrupp, which is the company’s largest acquisition. With this, FLSmidth becomes the world’s leading supplier of technology and services to the global mining industry. Following the integration of Mining Technologies, the proportion of FLSmidth’s mining-related business increased to 65% of the company’s operations.

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In 2019, through the sustainability pledge “MissionZero”, FLSmidth committed to providing technologies to accelerate mining and cement towards zero emissions by 2030.{{Cite press release |last=A/S |first=FLSmidth |date=2019-11-06 |title=FLSmidth announces MissionZero to reduce emissions in cement and mining by 2030 |url=https://www.globenewswire.com/news-release/2019/11/06/1941872/0/en/FLSmidth-announces-MissionZero-to-reduce-emissions-in-cement-and-mining-by-2030.html |access-date=2023-01-25 |website=GlobeNewswire News Room |language=en}} Mining and cement operations have a significant impact on the environment, contributing approximately 10% of global CO₂ emissions.{{Cite web |last=Pearce |first=Rosamund |date=2018-09-13 |title=Q&A: Why cement emissions matter for climate change |url=https://www.carbonbrief.org/qa-why-cement-emissions-matter-for-climate-change/ |access-date=2023-01-25 |website=Carbon Brief |language=en}}{{Cite web |title=Creating the zero-carbon mine {{!}} McKinsey |url=https://www.mckinsey.com/industries/metals-and-mining/our-insights/creating-the-zero-carbon-mine |access-date=2023-01-25 |website=www.mckinsey.com}} The company already has much of the technology needed to help both industries reduce emissions, while new technologies will be developed through R&D partnerships with customers, universities, start-ups and companies from different industries.

In 2021, FLSmidth signed up to the Science Based Targets initiative,{{Cite web |date=2021-05-21 |title=FLSmidth's 2030 MissionZero plans validated by Science Based Targets |url=https://im-mining.com/2021/05/21/flsmidths-2030-missionzero-plans-validated-science-based-targets/ |access-date=2023-01-25 |website=International Mining |language=en-GB}} gaining validation for specific sustainability-related targets aligned to the most ambitious scenario of the 2015 Paris Agreement, which aims to keep global warming below 1.5°C.{{Cite web |title=Ambitious corporate climate action |url=https://sciencebasedtargets.org/ |access-date=2023-01-25 |website=Science Based Targets |language=en-gb}}

In 2023, FLSmidth announced the division of its operations into two stand-alone entities in a so-called “pure play strategy”. The Mining and Cement divisions operate independently, each with their own business strategy and organisational structure.{{Cite web |title=FLSmidth introduces new pure play strategies for Mining and Cement and introduces new long-term financial targets at its Capital Markets Day 2023 |url=https://www.flsmidth.com/en-gb/company/news/company-announcements/2023/flsmidth-introduces-new-pure-play-strategies-for-mining-and-cement-and-introduc |access-date=2023-01-25 |website=FLSmidth |date=18 January 2023 |language=en}}

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