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FLSmidth Secures DKK 360 Million Copper Mine Expansion Order in Chile

MixedMedium impact
FLSDKK 546.50 −0.09%

Danish engineering company FLSmidth & Co. A/S (OMXCOP:FLS) has secured an order valued at approximately DKK 360 million to supply crushing and grinding technologies for a copper mine expansion in Northern Chile. The order, which was booked in the third quarter of 2026, includes the world's largest gyratory crusher, one SAG mill, and three ball mills with a capacity exceeding 90 megawatts.

The contract strengthens the company's long-term backlog and increases its revenue visibility, highlighting its technological leadership in large-scale mining equipment. However, the immediate financial impact is limited as FLSmidth's earnings guidance for the year remains unchanged. On the stock market, shares of FLSmidth fell 4.20% today to trade at 547 DKK, reflecting broader market movements or near-term caution despite the order win.

Investors will want to monitor the execution of the project, as installation and commissioning are not scheduled to begin until late 2029 and early 2030, presenting long-dated timing risks. Additionally, observers will watch for further backlog-building contracts or updates on backlog-to-revenue conversion that could potentially lift the company's future margin outlook and financial guidance.

Key points

  • FLSmidth booked a DKK 360 million order to supply crushing and grinding technologies for a copper mine expansion in Northern Chile.
  • The contract includes the world's largest gyratory crusher, one SAG mill, and three ball mills.
  • Equipment installation and commissioning are scheduled to take place in late 2029 and early 2030.
  • The company's financial guidance remains unchanged following the Q3 2026 booking.
  • FLSmidth shares declined 4.20% to 547 DKK today despite the long-term contract win.

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Questions and answers

What did FLSmidth win in Chile?

FLSmidth secured a DKK 360 million order to supply crushing and grinding technologies, including the world's largest gyratory crusher, a SAG mill, and three ball mills, for a copper mine expansion in Northern Chile.

When will the Chilean copper project be completed?

Installation and commissioning of the mining equipment are expected to take place in late 2029 and early 2030.

How does the Chile order affect FLSmidth's financial guidance?

The contract was booked in the third quarter of 2026 and leaves FLSmidth's current financial guidance unchanged, meaning it will not impact near-term earnings estimates.