FLSmidth is moving forward with a new efficiency program.
When Thomas Schulz took up the position as Group CEO of FLSmidth, he initiated a health check of FLSmidth's Group Strategy to ensure the future viability of FLSmidth's direction.
Through the strategy health check it became evident that there is a need and a significant potential to improve efficiency throughout FLSmidth. To truly capture this potential, a program aimed at creating sustainable efficiency improvements has been established.
“To fulfil our ambitions, there is a need for us to make a few adjustments. Going forward, we will focus even more on strategic areas such as organic growth, integration, quality and safety, research and development, and human resource development,” Mr. Schulz said.
“By lowering our costs, increasing the quality in what we do and by growing organically, we can boost our efficiency and significantly improve our performance and position in the market. The efficiency program is our targeted action plan to ensure that we become fit for the future, irrespective of market developments.”
Peter Flanagan, President of the Mineral Processing division, sees huge potential for organic growth through the unification and collaboration of the many product companies that have been acquired over the last six years.
“This efficiency program that we are now embarking on is going to accelerate that natural integration that was going to happen anyway,” Mr. Flanagan said.
Carsten Lund, President of the Material Handling division, said,
“We will streamline our organization by making it more efficient by aligning, for instance, global engineering and technology across the world, thereby ensuring that we work together seamlessly.”
Bjarne Moltke Hansen, President of the Customer Services division, said, "Customer Services is all about helping our customers to improve their businesses. An important part of the efficiency program in our Customer Services division is to focus our resources even more on customers' operations. The program targets optimization, improved uptimes, increased output, reduced wear and better spare-part management, as well as running the entire plant operation as we successfully do in our operation and maintenance business."
Successfully implementing the initiatives of the program will ensure that FLSmidth is best in class and ready to meet future market demands and conditions.