aktieselskab traded as nasdaq copenhagen fls industry construction engineering founded 1882 founder frederik l ss e smidth headquarters copenhagen denmark key people thomas schulz group ceo vagn s rensen chairman products machinery systems and services for the cement and mineral industries revenue dkk 19.682 billion end 2015 1 profit dkk 0.425 billion end 2015 1 total assets dkk 24.362 billion end 2015 1 total equity dkk 7.982 billion end 2015 1 number of employees 12 969 end 2015 1 website www.flsmidth.com flsmidth & co. a s is a global engineering company based in copenhagen denmark . with almost 13 000 employees worldwide 1 it provides global cement and mineral industries with factories machinery services and know how . flsmidth is listed on nasdaq omx nordic copenhagen the former copenhagen stock exchange in the c20 index and has offices in more than 50 countries worldwide . history edit flsmidth and co. a s was founded in copenhagen on 2 january 1882 by frederik l ss e smidth . it was initially a consultancy business whose main focus was to purchase machinery and build small machines for local craftsmen . within a few years the firm called technical bureau at the time specialised in machinery for the brick and tile industry . in 1887 two engineers poul larsen and alexander foss were made partners and the company name was changed to f.l.smidth & co. in 1887 the first flsmidth cement plant was built near limhamn in sweden . the company grew and in 1890 the first international office opened in london . offices in paris new york tokyo peking beijing and other major cities followed . in 1957 f.l.smidth machinery accounted for 40 percent of all cement production in the world . over the years the company has expanded with non core activities and in 1989 the entire flsmidth group consisted of some 125 companies within areas such as cement engineering plastic aerospace and cement building materials . throughout the 1990s product companies such as pfister ventomatic and maag gear were acquired . in 1990 the group acquired fuller company and established the f.l.smidth fuller engineering group . two minerals processing divisions fuller mineral processing and flsmidth mineral processing were set up in flsmidth and fuller . in 1997 the company was named ffe minerals after merging the two separate minerals divisions into one single company . in the beginning of the 21st century the group began to continuously sell off non core activities . on 2 april 2007 ffe minerals acquired rahco international inc. in may 2007 ffe minerals was renamed flsmidth minerals and on 10 august 2007 flsmidth acquired gl & v process the largest acquisition the company has ever made enabling it to gain a strong foothold in the global copper industry . in may and october 2008 flsmidth acquired pneumapress inc.and centry an engineering consultancy based in utah usa . in 2009 flsmidth acquired conveyor engineering inc. and eel india limited on 1 march 2009 and 28 july 2009 respectively . these acquisitions gave flsmidth a know how in design and supply of major bulk material handling systems for cement mining heavy industrial facilities and bagging equipment worldwide . the year 2011 saw flsmidth acquiring some major minerals and cement companies like essa australia limited on 17 february 2011 phillips kiln service ltd on 18 august 2011 and transweigh india ltd on 20 october 2011 . on 3 july 2012 flsmidth completed the acquisition of the australian engineering and equipment supply company ludowici limited 2 a provider of coal centrifuges vibrating screens and complementary wear resistant products and services for the minerals industries . in 2012 flsmidth acquired decanter machine inc. a united states based manufacturer and supplier of centrifugal technology to the global minerals industries august teutrine gmbh industrie technik a german company specialised in mobile solutions for repairs refurbishments and installation services september and australian service companies mie enterprises pty ltd. and mayer bulk pty ltd. that provide construction commissioning maintenance and repair services . in line with its heightened focus on core businesses areas such as cement and minerals flsmidth divested the capital sales of lime kilns and recausticizing equipment for use in white liquor plants in the pulp and paper industry . the business was divested to metso paper sweden ab 3 by means of a license agreement . the licence was perpetual and exclusive in relation to flsmidth . core business and group strategy edit over the past decade flsmidth has developed from a diversified conglomerate into a specialised and focused business group supported by two business segments cement and minerals . anticipating a huge growth in minerals flsmidth launched its new group strategy in february 2012 which was designed to support and this growth potential . as a consequence of the new group strategy flsmidth was now structured in four divisions customer services material handling mineral processing and cement . however following a strategy health check flsmidth decided to change its organisational structure . as of 1 january 2015 flsmidth stands organised in four divisions two project divisions a product division and a service division . the two former divisions material handling and mineral processing were merged into one minerals division . cement and customer services will be maintained as separate divisions . a new product companies division was created to foster growth of flsmidth s product brands . this new division will serve flsmidth s six key industries the minerals and cement divisions as well as adjacent industries . citation needed references edit a b c d e f globenewswire publication . globenewswire publication . retrieved 18 april 2016 . reuters publication manufacturing journal.net publication v t e omx copenhagen 20 companies of denmark march 2016 a.p. m ller m rsk carlsberg chr . hansen coloplast danske bank dsv flsmidth & co. genmab gn store nord iss jyske bank nordea novo nordisk novozymes pandora tdc tryg vestas wind systems william demant retrieved from https en.wikipedia.org w index.php title flsmidth & oldid 740139816 categories construction and civil engineering companies of denmarkcompanies based in copenhagencompanies established in 1882danish brandshidden categories all articles with unsourced statementsarticles with unsourced statements from june 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages danskdeutschespa 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