FLSmidth
Encyclopedia
FLSmidth & Co. A/S is a global engineering
company based in Copenhagen
, Denmark
. Employing about 11,300 people worldwide, it provides the global cement and mineral industries with plants
, machine
ry, services and know-how. FLSmidth is listed on the Copenhagen Stock Exchange
and has offices in more than 40 countries worldwide.
by Frederik Læssøe Smidth. 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” 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 near Limhamn in Sweden was built. The company grew and in 1890 the first international office opened in London. Offices in Paris, New York, Tokyo, Peking and other major cities followed. In 1957, F.L.Smidth machinery accounted for 40 percent of all cement production in the world.
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.
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.
In the beginning of the 21st century the Group began to continuously sell off non-core activities.
In May 2007, FFE Minerals was named FLSmidth Minerals and on August 10, 2007 FLSmidth acquired GL&V Process.
In July 2009, FLSmidth acquired one more company in India named EEL India Ltd.
FLSmidth Minerals is FLSmidth’s other core business area and handles all the Group’s activities in the Minerals area.
FLSmidth Minerals is a global company with over 3,000 employees, headquarters in Bethlehem, Pennsylvania, USA and regional offices worldwide. FLSmidth Minerals’ four international full service engineering centres are located in Denmark, India, South Africa and USA.
Engineering
Engineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...
company based in Copenhagen
Copenhagen
Copenhagen is the capital and largest city of Denmark, with an urban population of 1,199,224 and a metropolitan population of 1,930,260 . With the completion of the transnational Øresund Bridge in 2000, Copenhagen has become the centre of the increasingly integrating Øresund Region...
, Denmark
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
. Employing about 11,300 people worldwide, it provides the global cement and mineral industries with plants
Physical plant
Physical plant or mechanical plant refers to the necessary infrastructure used in support and maintenance of a given facility. The operation of these facilities, or the department of an organization which does so, is called "plant operations" or facility management...
, machine
Machine
A machine manages power to accomplish a task, examples include, a mechanical system, a computing system, an electronic system, and a molecular machine. In common usage, the meaning is that of a device having parts that perform or assist in performing any type of work...
ry, services and know-how. FLSmidth is listed on the Copenhagen Stock Exchange
Copenhagen Stock Exchange
The Copenhagen Stock Exchange or CSE is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options...
and has offices in more than 40 countries worldwide.
History
FLSmidth and Co. A/S was founded in Copenhagen on 2 January 18821882 in Denmark
-Incumbents:* Monarch – HM Christian IX* Prime minister – J. B. S. Estrup-Undated:* January 2 – FLSmidth, now a leading supplier of cement production technology worldwide, is founded by Frederik Læssøe Smidth as a small "technical bureau" based in a single room of his mother's...
by Frederik Læssøe Smidth. 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” 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 near Limhamn in Sweden was built. The company grew and in 1890 the first international office opened in London. Offices in Paris, New York, Tokyo, Peking and other major cities followed. In 1957, F.L.Smidth machinery accounted for 40 percent of all cement production in the world.
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.
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.
In the beginning of the 21st century the Group began to continuously sell off non-core activities.
In May 2007, FFE Minerals was named FLSmidth Minerals and on August 10, 2007 FLSmidth acquired GL&V Process.
The core businesses: cement and minerals
FLSmidth’s cement business has always been the core activity. The major cement projects are handled by four FLSmidth Project Divisions which each cover their particular geographical region. Two project divisions are placed at FLSmidth’s main office in Valby, Denmark, one project division is located in Bethlehem, Pennsylvania, USA and one project division in Chennai, India. Specialised equipment and related services for cement projects are provided by product companies that market their product under their respective names.In July 2009, FLSmidth acquired one more company in India named EEL India Ltd.
FLSmidth Minerals is FLSmidth’s other core business area and handles all the Group’s activities in the Minerals area.
FLSmidth Minerals is a global company with over 3,000 employees, headquarters in Bethlehem, Pennsylvania, USA and regional offices worldwide. FLSmidth Minerals’ four international full service engineering centres are located in Denmark, India, South Africa and USA.