FLS FLSmidth & Co. A/S

FLSmidth to deliver thickeners and filters to a large, greenfield lithium plant in the US

FLSmidth to deliver thickeners and filters to a large, greenfield lithium plant in the US

PRESS RELEASE

30 July 2024, Copenhagen, Denmark



This new FLSmidth order will contribute to an increased supply of lithium, which is required for electric vehicle battery production. Based on extensive ore testing and preliminary equipment designs, the technologies that FLSmidth will deliver will help reduce operating costs for the customer.

The order is valued at approximately DKK 340 million and was booked in Q3 2024. The FLSmidth equipment is due to be delivered during 2025/2026 and will provide attractive Service potential in the longer run.

FLSmidth has received an order to deliver nine thickeners and six filters to a greenfield lithium project in Nevada, US. A key requirement in the development of this large lithium deposit is to utilise the most efficient process technologies with the lowest environmental impact, leading the customer to engage with FLSmidth. Lithium is crucial for the batteries used by the electrical vehicle industry, and lithium processing is one of the core competencies of FLSmidth.

“The green transition is hinging on the efficient supply of critical minerals. This project will help to increase the supply of lithium, and thereby strengthen the supply of this critical mineral supporting the electrification of society. We have world leading technologies for lithium processing, and I am happy to see this being recognised by customers as well”, comments Chris Reinbold, Products Business Line President at FLSmidth.



Contacts:

Media Relations

Rasmus Windfeld, ,

Investor Relations

Jannick Lindegaard Denholt, ,

Andreas Escherich Holkjær, ,

Therese Möllevinge, ,



About FLSmidth

FLSmidth is a full flowsheet technology and service supplier to the global mining and cement industries. We enable our customers to improve performance, lower operating costs and reduce environmental impact. MissionZero is our sustainability ambition towards zero emissions in mining and cement by 2030. We work within fully validated Science-Based Targets, have a clear commitment to improving the sustainability footprint of the global mining and cement industries and aim to become carbon neutral in our own operations by 2030. .

Attachment



EN
30/07/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on FLSmidth & Co. A/S

ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Peter Sehested
Tomi Railo
  • Tomi Railo

FLSmidth (Buy, TP: DKK430.00) - Core continues to shine

We have raised our 2024–2025e clean EBITA by c4% and target price to DKK430 (420), and reiterate our BUY. We like the quality improvement, signals for future mining capital demand picking up, and a possible Cement exit.

ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Peter Sehested
 PRESS RELEASE

FLSmidth & Co A/S financial calendar for 2025

FLSmidth & Co A/S financial calendar for 2025 COMPANY ANNOUNCEMENT NO. 12-2024 12 November 2024, Copenhagen, Denmark For the year 2025, FLSmidth has planned the following dates for the release of financial reports and the annual general meeting: 20 February 2025: 2024 Annual Report2 April 2025: Annual General Meeting14 May 2025: Q1 2025 Interim Financial Report20 August 2025: H1 2025 Interim Financial Report12 November 2025: Q3 2025 Interim Financial Report Contacts:Investors RelationsAndreas Holkjær, , Jannick Denholt, , MediaJannick Denholt, , About FLSmidth FLSmidth...

 PRESS RELEASE

FLSmidth & Co. Group Interim Report for Q3 2024: Continued increases i...

FLSmidth & Co. Group Interim Report for Q3 2024: Continued increases in profitability reflect structural business improvements from ongoing transformation activities COMPANY ANNOUNCEMENT NO. 11-2024 12 November 2024, Copenhagen, Denmark   Highlights in Q3 2024 Continued stable Mining Service market and a relatively softer Mining Products marketMining order intake decreased by 14% compared to Q3 2023, mainly due to lower Products order intakeGood execution of Products orders within Pumps, Cyclones & Valves (PCV) partly offsets 2% decline in Mining revenueMining Adjusted EBITA mar...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch