COPENHAGEN, June 21 (Reuters) – Danish mining equipment and cement factory maker FLSmidth said on Wednesday that investment by mining firms was only slowly recovering and low prices were still weighing on the cement business.
“It is still a bumpy road ahead, investments are very low – crudely low – in the mining industry, and pricing pressure is very strong in cement,” Chief Executive Officer Thomas Schultz told Reuters at the firm’s capital markets day in Copenhagen.