Business Concept
FLSmidth has over the past 130 years developed a business culture based on three fundamental values: competence, responsibility and cooperation.
The Group’s in-house resources are primarily engineers who develop, plan, design, install and deliver service equipment, with most of the manufacturing being outsourced to a global network of subcontractors. This has proved to be both a robust and sustainable business model. FLSmidth, therefore, has relatively few tangible assets and fixed costs leading to a flexible cost structure, which makes it possible to plan and adjust resources according to market fluctuations.
FLSmidth carries out a focused effort in the area of research and development, aiming at fulfilling its customers’ future needs in terms of innovative technical solutions, high reliability and availability, minimum environmental impact and the lowest possible product lifecycle costs.
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