All agreed loans

Denmark. FLSmidth & Co. A/S

Date of loan: 18 Dec 2009
Country: Denmark
Customer: FLSmidth & Co. A/S
Amount in EUR: EUR 50 million
Maturity: 5 years
NACE sector / loan type: Research and development
Business area: Industries and services

Environmental effect

This loan contributes to climate change mitigation: 50%

Project

The 5-year-maturity loan totalling EUR 50 million has been provided to finance a research and development programme aimed at creating more innovative products as well as more efficient production processes for the cement industry.

FLSmidth is a leading supplier of equipment and services to the global cement and minerals industries. The NIB loan will be invested in several R&D projects in order to offer products that are more efficient and produce less pollution to the company's customers worldwide. Cement manufacturing is an old and energy-intensive industry, and FLSmidth's ambition is to demonstrate that this industry can operate profitably with technologies that lower emissions and save resources.

Sustainability summary

The investments in various research and development activities and the implementation of new techniques in the cement production of this large cement manufacturer will have positive environmental impacts due to increased energy efficiency and reduced emissions to the air.