Cement sector helps thyssenkrupp to its highest order intake in five years

ThyssenKrupp has reported double-digit gains order intakes for 2016/17. The cement sector helped the Industrial Solutions segment achieved a turnaround in order intake with the business area recording its highest figure in five years. With adjusted EBIT of EUR1910m for the group and EUR1722m for the continuing operations (excluding Steel Americas), the group exceeded its earnings targets, reports thyssenKrupp.

The industrial and technology group thyssenkrupp continues its good operating performance, achieving important milestones on its Strategic Way Forward as a strong industrial group. "We achieved our best order intake since the start of the Strategic Way Forward. We exceeded our growth and earnings targets," says thyssenkrupp CEO, Dr Heinrich Hiesinger.

Among the orders that were signed were the turnkey order for the GICA-owned Société des Cements Sigus plant in Algeria, a 6000tpd new clinker line which is scheduled for commissioning in 2019, plus the new 4500tpd production line at Schelklingen, Germany, for the HeidelbergCement group, which will come on-stream in spring 2018. The German turnkey specialist is also working with Imasa and Valoriza (Sacyr Group) on the greenfield 1.3Mta Potosí plant in Boliva.