Skip to main content

FLSmidth and NHI Group sign joint venture

Published by
World Cement,


FLSmidth and Northern Heavy Industries Group Co. Ltd have signed an agreement to enter into a joint venture, with an equal amount of shares, for the design and supply of mining equipment targeting the mid-market segment.

The JV will be established with its own Board of Directors and management under the name NHI-Fuller Mining Co. It will financially report results as part of the Minerals Division in FLSmidth. Subject to obtaining regulatory approval, it is anticipated that NHI-Fuller will be operational in 1Q17.

The NHI-Fuller products will be designed for the specific needs of mid-market or CAPEX sensitive customers in the mining industry and will be marketed under the NHI-Fuller name. The initial focus will be on supplying crushing products, with the goal of later becoming the leading mid-market mining equipment supplier for other product lines as well.

"In 2014, we announced that part of our strategy in the Minerals Division was to enter the expanding mid-market for mining equipment. With the NHI Group, we have now found a perfect industrial partner for this quest," says Group Executive Vice President of the Minerals Division in FLSmidth, Manfred Schaffer.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/10102016/flsmidth-and-nhi-group-sign-joint-venture/

You might also like

World Cement Spotlight with BEUMER Group

In this spotlight interview, David Bizley, Editor of World Cement, is joined by Marina Papenkort, Area Sales Manager at BEUMER Group to discuss Marina's recent article in the February 2022 issue of World Cement.

 
 

Embed article link: (copy the HTML code below):