FLSMIDTH & COMPANY

FLSmidth Chief Executive Mikko Keto will step down after leading the Danish engineering group through its transformation into a pure-play mining supplier, the company said Sunday.

FLSmidth & Co. lowered its full-year revenue forecast on Wednesday, as a weak market for new equipment weighed on its first quarterly report since becoming a pure-play mining supplier.

Danish engineering group FLSmidth said Friday it has closed the sale of its Cement business, completing a strategic pivot that ends its 143-year history in the sector to focus solely on the global mining industry.

Danish engineering group FLSmidth & Co. said Tuesday it has received all regulatory approvals for the sale of its Cement business, a final step in its pivot to focus solely on the mining industry.

Danish engineering group FLSmidth & Co. said Wednesday it has won a contract to supply key equipment to a major new iron ore processing plant in India, marking the latest win since its strategic pivot to focus solely on the mining industry.

Danish engineering group FLSmidth & Co. on Wednesday raised its full-year profit forecast while lowering its revenue outlook, citing customer-driven project delays and currency headwinds.