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FLSmidth sells licence to Metso as it continues to focus on core business areas

World Cement,

In line with its heightened focus on core businesses areas such as cement and minerals, FLSmidth has divested the capital sales of lime kilns and recausticising equipment for use in white liquor plants in the pulp and paper industry. The business has been divested to Metso Paper Sweden AB by means of a license agreement. The licence is perpetual and exclusive in relation to FLSmidth.

FLSmidth will continue to use the technology in applications other than white liquor plants. The company will also continue to carry out certain after-market activities, such as parts sales, for the pulp and paper industry, as well as white liquor plants, and provide support for existing contracts.

FLSmidth will provide assistance in transferring the technology during the transitional period, and Metso will offer employment to 15 – 25 FLSmidth employees with key knowledge concerning the application of this technology in white liquor plants.

The transaction is expected to become effective in June or July 2013.

“Metso has for many years used FLSmidth as supplier of this equipment and has expressed an interest in acquiring the technology from us. And since the pulp and paper industry is not a key industry for FLSmidth, we find it appropriate to licence our white liquor plant technology and exit the capital equipment activities. This will enable us to focus even closer on our key industries and customers,” said FLSmidth Group Executive Vice President Peter Flanagan.

Adapted from press release by Louise Fordham.

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