FLSmidth has signed an EUR 125m loan agreement with the European Investment Bank
The 5-year-bullet loan will finance FLSmidth's global research and development
programme within the cement industry during the period 2013-2016. The R&D
programme will focus on development of innovative products, optimisation of
energy efficiency and use of materials and fuel in the production process as
well as reduction of harmful emissions.
"Through its focused R&D efforts FLSmidth aims at fulfilling customers' future
needs for innovative technical solutions, high reliability and availability,
minimum environmental impact and the lowest possible lifecycle costs. And this
loan from the European Investment Bank supports these efforts," Group Executive
Vice President and CFO Ben Guren comments.
In its research and development investments FLSmidth places particular emphasis
on the use of alternative fuels, reduced emissions and waste, improved heat
recovery, lower power consumption, minimised water consumption, increased plant
capacity, availability and operating efficiency and minimum safety risk.
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Please address any questions regarding this announcement to Group Executive Vice
President and CFO Ben Guren, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Pernille Friis Andersen
Corporate Communications & Investor Relations
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Source: FLSmidth via Thomson Reuters ONE