In continuation of the 2013 strategy health-check, it has been decided to change FLSmidth’s organisational structure. As of 01.01.2015, FLSmidth will be organised into four divisions totally: two project divisions, a product division and a service division.
The existing divisions Material Handling and Mineral Processing divisions will be merged into a new division named “Minerals”. Cement and Customer Services will be maintained as separate divisions each. A new “Product Companies” division will be created to foster globalisation and growth of FLSmidth’s product brands. This division will include the FLSmidth companies ABON, Buffalo, Pfister, Ventomatic, Krebs, MAAG Gear, Airtech, Möller and Automation.
The new organisational structure increases operational efficiency as each division will have a more homogeneous business model, segmented customer approach and distinct management focus. As a consequence of the reorganisation FLSmidth will be well positioned to reap the benefits of being in cyclical industries, where demand for products, projects and services differ over time.