FLSmidth to acquire thyssenkrupp’s Mining business

FLSmidth to acquire thyssenkrupp’s Mining business — creating a global industry powerhouse in mining

FLSmidth A/S and thyssenkrupp AG have reached an agreement whereby FLSmidth will acquire thyssenkrupp’s Mining business. Completion of the transaction is expected in the second half of 2022 and is subject to merger control clearance and closing. thyssenkrupp is a major full-line supplier of solutions for mining systems, mineral processing, material handling and services, which is highly complementary to FLSmidth’s mining offering.

The combined full-line coverage of FLSmidth and thyssenkrupp’s Mining business will include complete pit-to-plant range of technology, equipment and service expertise, as well as best-in-class digital solutions, covering continuous mining, mineral processing, mining systems and material handling.

The acquisition will also expand the installed base and customer base, increasing our competencies to serve our customers across multiple technologies. This will allow for a more robust customer approach in service and aftermarket, as well as for the creation of strong strategic opportunities and the enhancing of resources and investment in R&D, digital and innovation. This will result in shorter time to market for new innovations and technologies, for instance.

Both companies also share a common belief in bringing sustainable technology to the market in order to increase customer productivity and profitability. thyssenkrupp’s mining offering is an ideal fit with FLSmidth’s MissionZero sustainability ambition and with its digitalization agenda. This acquisition will place FLSmidth in an even better position to meet customer needs in these key areas.

Thomas Schulz, Group CEO of FLSmidth, said: “The thyssenkrupp Mining business and FLSmidth are a perfect match, and I am proud to announce this agreement to join forces. This is a truly transformational deal allowing us to accelerate our growth ambitions by creating one of the world’s largest and strongest suppliers to the mining industry. This acquisition will offer a strong value proposition for our customers, and there is a significant opportunity in transforming thyssenkrupp’s Mining business towards FLSmidth’s business mix and model with more than 50% service business. I look forward to welcoming the talented staff of thyssenkrupp’s Mining business to our organization.”

Martina Merz, Group CEO of thyssenkrupp AG, said: “FLSmidth is an excellent owner and a very good new home for our mining activities. Both companies have a strong cultural fit and are a good match: the business models are comparable; the technologies complement each other well. The result is a worldleading technology provider from pit to plant. This is also a great opportunity for our employees. The merged new company will be able to drive innovation and digitalization even faster and will increasingly focus on sustainability and ways to reduce environmental footprint.”

FLSmidth provides sustainable productivity to the global mining and cement industries. It delivers engineering, equipment and service solutions that enable its customers to improve performance, drive down costs and reduce environmental impact.

The company’s operations span the globe and it has close to 10,700 employees, present in more than 60 countries. In 2020, FLSmidth generated revenue of DKK 16.4 billion. MissionZero is its sustainability ambition towards zero emissions in mining and cement by 2030.

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GSI, a manufacturer of grain storage, monitoring, conditioning and material handling, today unveiled an updated brand identity and website. The changes reflect the brand’s commitment to helping make customers’ jobs easier and the work they do more profitable. The refreshed identity includes a modernized logo that evolved from the original to preserve the equity the brand has earned over nearly 50 years serving farmers and commercial grain operations all over the world.

GSI’s iconic letters, which have represented its equipment for a majority of its history, remain. They are uncontained to increase versatility and have been refined for greater symmetry and strength. The letters are bright and recognizable using GSI’s well-known ochre colour. A new tagline, ‘Take control’, accompanies the logo to communicate how the brand helps customers take charge of their success.

“GSI is known for proven and dependable grain systems. But, GSI is more than reliable equipment,” said Stefan Caspari, Senior Vice President and General Manger for AGCO’s Grain and Protein brands.

“This is an exciting time in GSI’s history. Together with our partners, we are growing even more focused on supporting our customers through quality and innovation to help put them in control of their success through smarter protection. The refreshed brand identity articulates our customer-centred mindset and our commitment to helping them make the most from what they produce, which helps us deliver against our stated purpose of farmer-focused solutions to sustainably feed our world.”

The company’s website has also been redesigned for easier navigation and access to information. It highlights the brand’s broad range of solutions and prominently features several new innovations including the EVO-50 grain bin, Select and Select IS chain conveyors. ABOUT AGCO

AGCO is a global designer, manufacturer and distributor of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger®, Fendt®, GSI® , Massey Ferguson® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed the world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $9.1 billion in 2020.

ABOUT GSI

GSI™ is a brand within AGCO’s Grain & Protein business unit, which also includes Cimbria™ Automated Production™ (AP), Cumberland™ and Tecno™. The brands drive productivity for customers globally through smart and reliable grain and protein solutions to ensure food security, sustainability and animal welfare.

Kalenborn enables maintenance-free loading of bauxite

Bauxite is a sharp-edged aluminium ore that causes considerable wear to equipment during transportation and loading/unloading. That is why impact baffle plates are used to decelerate the flow of material to the next handover point and thus lessen the abrasive force of the ore. To make sure these last as long as possible, the steel components were fitted with additional lining consisting of oxide ceramic KALOCER moulded sections.

The project was implemented in co-operation with a major supplier of equipment and components to the bulk goods industry. Among these are shiploading and unloading systems, crushers, screening systems, filter systems and entire cement production plants.

The company commis sioned Kalenborn to manufacture steel baffle plates with special wear protection for use with a shiploading system for bauxite in Guinea/West Africa. The three-tonne structure was manufactured at Kalenborn Poland; the highly effective wear protection elements were fitted by hand at the plant at Kalenborn Germany. The KALOCER moulded parts with thicknesses of 25–50 mm now ensure that the baffle plates that were formerly made of steel alone last much longer. The oxide ceramic material KALOCER is capable of withstanding extreme abrasion and high temperatures (up to 1,000°C). Lining with KALOCER not only reduces the previously high cost associated with the frequent replace ment of these components but also ensures long-lasting and trouble-free plant operation. Also supplied is a repair kit that can be used to rectify any minor damage to the lining components directly on site. Kalenborn has thus managed to provide a sustainable and costeffective solution for loading and unloading bauxite.