Displaying items by tag: LKAB Minerals

UK: Teesside University is working with a number of partners, including Material Evolution, on developing a new type of concrete using steel slag. The ‘Mevocrete’ project has a total budget of Euro8.6m and it received around Euro3.5m funding from the Innovate UK scheme. It intends to build a full scale on-site unit for cement production using waste steel slag at the Teesworks industrial zone. Researchers from the university’s School of Computing, Engineering & Digital Technologies will analyse the steel slag and its chemical composition and measure how efficient it is at sequestering carbon. The projects aims to manufacture a concrete that emits up to 85% less CO₂ compared to a traditional concrete made from Ordinary Portland Cement (OPC).

Material Evolution is the lead industrial partner on the project. Other partners include Celsa Manufacturing UK, LKAB Minerals, Nanomox, Enursan, Retaining UK, Geocast, Playfair Capital and ZTL Contracting.

UK: LKAB Minerals says it is aiming to complete its acquisition of Francis Flower on 3 December 2018. It added that the planning acquisition had also received clearance from the Austrian Competition Authority.

UK: Sweden’s LKAB Minerals has signed a deal to buy Francis Flower. The acquisition is intended to bring a portfolio of sustainable products into LKAB Minerals’ portfolio. Implementation of the agreement is subject to Austrian merger clearance. Both parties are confident that the merger control process will be completed by the end of November 2018. No value for the agreement has been disclosed.

Francis Flower is a family owned business, and the main shareholder is the current chairman and chief executive officer (CEO), Adrian Willmott, who upon completion of the sale will resign his position in the business but remain available in a consultancy capacity during an integration phase. The company will be integrated into LKAB Minerals’ existing UK business under the leadership of Darren Wilson, who manages the UK and European business within LKAB Minerals.

Francis Flower recycles blast furnace slag from the steel industry for production of ground granulated blast furnace slag for use in cement production, among other offerings for industrial and agricultural use. It employs 130 people across four sites in the UK: Scunthorpe, Wicken, Gurney Slade and Runcorn.

LKAB Minerals in the UK has a similar size business across four sites and employs around 160 people. Its main operations are processing and marketing of minerals, primarily for the building, construction, polymer, coating, refractory and foundry industries.

“We have an ambition of growing the industrial minerals business significantly over time, to balance LKAB’s growing iron ore production,” said Leif Boström, Senior Vice President for the Special Products Division in LKAB and CEO of LKAB Minerals group. “This will strengthen LKAB Minerals’ offering to the building and construction industries.”