Cement News tagged under: Denmark
FLSmidth reports 2023 cement revenues of DKK6bn31 January 2024, Published under Cement NewsFLSmidth has released its 4Q23 and full-year 2023 preliminary and unaudited results. The cement business recorded revenues of DKK1.4bn (US$203.3m) in the 4Q23 and DKK6bn in 2023. EBITDA margin for the cement business grew by 7.4 per cent in the 4Q23 and by 6.7 per cent in 2023. The order intake for the 4Q23 in the cement business totalled DKK1bn and in 2023 it reached DKK4.9bn. In a statement the company stated, "We expect the short-term outlook for the cement industry to remain impact... |
FLSmidth looks at possible divestment options in Cement business30 January 2024, Published under Cement NewsFLSmidth will explore the available divestment options for its Cement business to maximise the division’s full potential and strengthen the market leading position of its Mining business. Over the past year, FLSmidth has simplified and rightsized the Cement business to further strengthen its market-leading position, improve profitability and make it fit-for-purpose with a strategic focus on the core products and services required in the cement industry. The company says it continues to bel... |
FLSmidth sells MAAG to Solix23 January 2024, Published under Cement NewsFLSmidth Cement sold its MAAG gears and drives business to Sweden-based investment company, Solix Group AB. The transaction is expected to close during the 1Q24 and includes all related assets, including intellectual property, technology, employees and customer contracts. The divestment of the MAAG business is in line with FLSmidth Cement’s GREEN’26 strategy, which in combination with a greater strategic focus on the Service business includes focussing the product portfolio on the core tec... |
Aalborg Portland's CCUS plant to get Royal inauguration24 November 2023, Published under Cement NewsAalborg Portland (Cementir Group) is preparing to welcome His Royal Highness the Crown Prince of Denmark on 27 November for the official inauguration of its new CO 2 capture plant, an EU-supported collaboration called ConsenCUS. The project will test new technology for carbon capture, utilisation and storage (CCUS) that aims to reduce the energy consumption and ensure a better utilisation of the collected CO 2 . The new CCUS plant, which will initially have the capacity to capture up t... |
FLSmidth's group revenue rises 2% in 3Q2313 November 2023, Published under Cement NewsFLSmidth's consolidated group revenue increased by two per cent in the 3Q23 compared to the 3Q22. Adjusted for integration costs of DKK119m (US$17m), the EBITA margin was 10.1 per cent in the 3Q23. Including integration costs, the EBITA margin was eight per cent in the 3Q23 compared to 5.9 per cent in the 3Q22. Excluding the AFT divestment gain, the underlying EBITA margin was 6.3 per cent. The Non-Core Activities (NCA) divestment to KOCH Solutions had no material impact on EBITA for the qua... |
Cementir posts group revenue of EUR1288.9m in 9M2307 November 2023, Published under Cement NewsDuring the first nine months of 2023, Cementir Holding Group reports group revenue from sales and services reached EUR1288.9m, up 0.8 per cent compared to EUR1278.6m in the 9M22. The substantial stability in revenues derives from the combined effect of the increase in average sales prices, against the reduction in volumes sold, and the weakening of local currencies, with different dynamics in the individual geographic areas. EBITDA amounted to EUR321.1m, an increase of 32.6 per cent c... |
FLSmidth Cement appoints new president26 October 2023, Published under Cement NewsChristopher Ashworth has been appointed the new president of FLSmidth Cement . He succeeds Asger Lauritsen who stepped down from the role in August this year. Roland M Andersen has been serving as interim president since August, alongside his duties as group CFO. Mr Ashworth joins FLSmidth from Eurotherm, a Schneider-Electric company, where he has served as vice president and managing director for the last nine years. According to FLSmidth, he brings with him extensive experience in oper... |
FLSmidth awarded new service contract25 October 2023, Published under Cement NewsFLSmidth will support a leading cement producer to improve the reliability and performance of its operations in Latin America. The new contract builds on a long-standing relationship between the two companies and will last a period of 18 months. Covering the complete production process, from quarry to packing plant, FLSmidth will support the customer in improving overall equipment efficiency and thus plant productivity. The scope of supply includes training and mentoring of plant perso... |
FLSmidth signs partnership with FCT ACTech21 September 2023, Published under Cement NewsCement plants have a new solution for online analysis of raw materials thanks to a recent partnership signed between FLSmidth and FCT ACTech. Under the agreement, FLSmidth will incorporate FCT ACTech’s advanced XRF and XRD analysers in its new QCX® CUBE solutions. Quality control in the cement production process is a critical issue and one of growing complexity due to the increasing use of alternative fuels and new supplementary cementitious materials (SCMs). These introduce variabilit... |
FLSmidth completes KOCH Solutions purchase agreement24 August 2023, Published under Cement NewsFLSmidth & Co A/S has announced that all conditions and requirements regarding the previously announced Asset Purchase & Transfer Agreement between FLSmidth and KOCH Solutions have been met. The agreement involves a mix of intellectual property, order backlog, employees and facilities that are part of FLSmidth’s non-core activities (NCA) segment. In accordance with the agreement, the closing of the transaction is set to take place on the first day of the calendar month after which the clo... |