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Mon May 27 2024

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€130m loan opens way for cement innovations

19 Oct 12 The Norwegian Investment Bank (NIB) and Danish engineering company FLSmidth have signed a loan agreement totalling €130m (£106m), earmarked for the company’s research.

The loan will finance FLSmidth’s global R&D programme for the cement and mineral industries in the period of 2013–2015. The research will be focused on developing new products, enhancing energy efficiency and use of material and fuel in the production process, as well as cutting harmful emissions. The total budget of the programme amounts to €260m.

FLSmidth is a global supplier of services and equipment for the minerals and cement industries. Founded 130 years ago in Denmark, the company now focuses on engineering and design and outsources most of its production.

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