ThyssenKrupp

At the end of July 2021 thyssenkrupp AG, Essen/Germany, announced the sale of its Mining Technologies business unit to the Danish company FLSmidth, thus reaching a further important milestone in the initiated realignment of the group. The enterprise value is 325 M €. The transaction is subject to competition authority approval. The closing of the transaction is expected within the next twelve months.

The mining business was allocated to the Multi Tracks segment in October 2020 in order to find a new owner. With the sale, thyssenkrupp is successfully divesting the first major portfolio company in this segment. The business unit currently employs some 3,400 people and generated sales of around 0.8 bn € in fiscal year 2019/2020. The sale is an important step in the initiated transformation of the group and the associated focusing of the portfolio. The aim is to transform thyssenkrupp into a high-performing “group of companies” with independent businesses, a lean holding company and a focus on systematic performance improvement across all businesses.

“The successful sale of the mining business shows that we are pressing ahead at full speed with the transformation of thyssenkrupp and achieving important results step by step. But we have not yet reached our goal. The principle “Performance first” continues to apply. We need to return to positive cash flow as quickly as possible. The sale of Mining Technologies makes an important contribution to this,” said Martina Merz, CEO of thyssenkrupp. “At the same time I am pleased that we have found a very good new owner in FLSmidth. FLSmidth presented a convincing business strategy and a clear vision for the mining business. It will give our employees attractive prospects. That was extremely important to us when negotiating the sale,” said Merz.

The tie-up with FLSmidth, a listed company from Denmark and one of the world’s leading suppliers of technologies for the mining and cement industries, will create a strong player with a global presence and leading solutions along the entire mining business value chain. A particular focus is on green technologies that can significantly reduce resource consumption and emissions in the mining industry. FLSmidth also has great expertise in taking over companies and has proven highly successful in integrating these companies.

Thomas Schulz, CEO of FLSmidth, said: “thyssenkrupp’s mining business is an ideal addition for FLSmidth. We are particularly impressed by the capabilities, expertise and reputation of the thyssenkrupp employees, especially in projects and products. The large global installed base offers great potential for the service and aftermarket business. We have similar business models, share a strong focus on sustainability and digitalization and our corporate cultures are a good match. As a result, I am very much looking forward to combining our strengths. I am convinced that together we will play a leading role in shaping a zero emission future for the mining industry and in creating sustainable growth for our customers, employees and shareholders.” (thyssenkrupp/Si.)

Effective 1st November 2019, Jan Lüder took over as Chief Executive Officer (CEO) of the Mining Technologies business unit at thyssenkrupp Industrial Solutions AG, Essen/Germany. He succeeded Torsten Gerlach, who left the company. Alongside his new role, Jan Lüder remains CEO of the thyssenkrupp AG Asia Pacific Regional Headquarters and CEO of the Lead Local Office of the Industrial Solutions business area in Southeast Asia for a transition period up to 30th June 2020.

thyssenkrupp Industrial Solutions AG, Essen/Germany, a leading partner for the engineering, construction and service of industrial plants and systems, has signed a contract to supply a large-scale continuous mining system to Italian-Thai Development PLC (ITD). ITD is a Thailand’s leading integrated construction firm with wide experiences and expertise in construction activities. The mining system, including two newly developed barracuda bucket wheel excavators (Figure 1), will be used to remove overburden at the Mae Moh coal mine in Northern Thailand. It is due to go into operation in spring 2020.

Torsten Gerlach, CEO of the Mining Technologies business unit at thyssen-krupp Industrial Solutions: “The barracuda compact bucket wheel excavator is one of our recent innovations for the mining industry. We are pleased to see this new technology supporting ITD’s future open-pit operations, contributing to a more efficient and cost-saving environment. As with all our mining solutions, this builds customer value by increasing yields while minimizing impacts.”

Mae Moh mine is the largest open-pit lignite mine in Southeast Asia. It is located some 600 km from Bangkok, in Lampang province in the north of Thailand. The new mining equipment, with capacities of up to 18,000 t/h, will be used to remove, convey and dump overburden. Two barracuda compact bucket wheel excavators with belt wagons and hopper cars will be supplied by thyssenkrupp, as well as two spreaders with tripper cars. Within the scope of the order thyssenkrupp will take care of engineering, procurement, construction and commissioning of the continuous mining system.

Thanks to its continuous operation the new mining system will help reduce both operating costs and environmental emissions at the Mae Moh mine. This is made possible by the use of two barracuda bucket wheel excavators that are able to work in hard material layers. Combined mining and loading of material by a single machine eliminates the need for blasting and separate loading operations.

Further information:
thyssenkrupp Industrial Solutions AG
www.thyssenkrupp-industrial-solutions.com

Günter Vogelsang, Chairman of the Supervisory Board between 1984 and 1996 at Thyssen AG, Düsseldorf, and Honorary Chairman of the Supervisory Board at ThyssenKrupp AG until 2013, died in mid-March 2015 in Düsseldorf at the age of 95.