Group Structure
To secure the future growth of the business, FLSmidth moves from two business segments (Cement and Minerals) to four (Customer Services, Bulk Materials, Non-Ferrous and Cement).
Over the past decade FLSmidth has developed from a diversified conglomerate into a specialised and focused business group supported by two equally strong business segments, Cement and Minerals. It is expected that future growth will primarily take place in Minerals. Over the coming years the Group will gradually develop its organizational structure towards six selected industries: coal, iron ore, fertilizer minerals, copper, gold and cement, which each have the potential of growing just as big as Cement over the next decade.
To implement the strategy and highlight future value creation we shall initially structure the organisation around four business areas with Customer Services being separated from Cement and Minerals as a separate unit and Minerals being divided into Bulk Materials and Non-Ferrous.
In future there will therefore be four business segments: Customer Services, Bulk Materials, Non-Ferrous and Cement. The split-up into four business segments makes it possible to give each segment full management attention, thereby releasing the growth potential of each of the segments. Today, the four business segments are comparable in size, but with fundamental differences in terms of market dynamics and business execution.
The new Group structure lays the foundation for gradually continuing the development of the business and the organisation, and the ownership of all six focus industries is already firmly in place.
FLSmidth also controls Cembrit Holding A/S (Cembrit), which is Europe’s leading dedicated provider of fibre cement products.
Organizational structure
