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FLSmidth receives loan for R&D initiatives

World Cement,

FLSmidth has signed a loan agreement with the Nordic Investment Bank for a €130 million 7-year maturity loan. This will fund the company’s research and development programme in 2013 – 2015. The programme, which has a total budget of €260 million, will include research into new product development and environmental issues such as enhancing energy efficiency, the use of alternative fuels, reducing power and water consumption, lowering emissions levels, as well as increasing plant capacity and improving operating efficiency.

“This loan from the Nordic Investment Bank supports our strong focus on research and development. Continuous research and development is key to FLSmidth's future development and our R&D activities take place globally in our various centres of excellence,” said Group Executive Vice President and CFO Ben Guren.

Adapted from press release by Louise Fordham.

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