Nov 12, 2024 / 10:00AM GMT
Mikko Keto - FLSmidth & Co A/S-Group Chief Executive Officer
(audio in progress)
One of the largest, if not the largest, agreement we signed as an FLSmidth and it's a clean supply of production services, which means that there's no third-party content and that is exactly what we want. And we are supplying 80% of the MOF flowsheet in Uzbekistan, we like the country, we are established in Uzbekistan. And if I look at the prospects in the country, we are and we will be fairly significant play in the country for all mining investments going there.
Capital market is still on the slow side and the activity will remain subdued until I would say maybe end of 2025. I've visited quite a few EPCM companies around the world, the engineering companies, everybody speaks about the study work, they are full on doing study work and study work typically is the preface of the order and then for them order and then project execution.
So we expect that all the study work that EPCMs are doing in all the mining hubs will result in significant CapEx investment
Q3 2024 FLSmidth & Co A/S Earnings Call Transcript
Nov 12, 2024
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