Cement News tagged under: Denmark
FLSmidth names Carsten Riisberg Lund as new Cement Industry President16 November 2020, Published under Cement NewsCarsten Riisberg Lund has been appointed FLSmidth’s new Cement Industry President and member of the Group Executive Management. Mr Riisberg Lund has been with FLSmidth for 33 years in various roles, most recently as the president for Region Europe, North Africa and Russia (ENAR) where he has been responsible for all sales and service activities in the region, with a particular focus on customer relationships and creating a single interface to the customer. He has played a vital role in imp... |
FLSmidth reports 33% decline in 3Q cement revenues03 November 2020, Published under Cement NewsIn the 3Q20 FLSmidth’s revenue amounted to DKK3834m (US$4181m) compared to DKK4736m in the 3Q19, down 19 per cent. Organic revenue decreased by 12 per cent, comprising a one per cent increase in mining and a 33 per cent decline in cement. The sharp decline in cement was due to a more severe pandemic impact on the cement industry and a low backlog. In the 3Q20 FLSmidth’s order intake amounted to DKK3955m, compared to DKK4571m in the 3Q19, down 13 per cent. Organic order intake fell b... |
FLSmidth acquires KnowledgeScape for its digital portfolio02 October 2020, Published under Cement NewsFLSmidth has acquired KnowledgeScape and its advanced solutions to expand its digital ENABLR™ portfolio. The KnowledgeScape™ portfolio has documented capabilities in increasing the total output of a processing plant by 4-10 per cent. At the same time, its solutions reduce power, water and reagent consumption, which contribute significantly to the goals of FLSmidth’s MissionZero sustainability strategy. "With this acquisition, FLSmidth reinforces a strong track record of M&A and integra... |
FLSmidth's revenue guidance for 2020 is DKK15.5-17bn28 August 2020, Published under Cement NewsFLSmidth's revenue in 2020 is forecast to be DKK15.5bn-17bn (US$2.48bn-2.72bn), says the company. EBITA margin is expected to be 4.5-6 per cent, which takes into account around DKK210m of implementation costs related to business improvement activities. On 23 March FLSmidth's financial guidance for 2020 was suspended due to the global uncertainty caused by the COVID-19 pandemic. On 28 April the company announced that full-year results were expected to be below the initial guidance. Visibilit... |
FLSmidth's 2Q20 preliminary report sees 29% decline in order intakes27 July 2020, Published under Cement NewsFLSmidth released its preliminary 2Q20 report ahead of the full interim 2Q20 results due to the volatility in order intake and revenue combined with the suspension of guidance caused by COVID-19. Across all regions, the mining industry and especially the cement industry have been negatively affected by the pandemic. In the 2Q20, organic order intake declined 29 per cent and organic revenue dropped 26 per cent YoY. Order intake totalled DKK3348m (US$526.2m) compared to DKK4954m in 2Q19. Reve... |
HeidelbergCement’s Nordic light11 May 2020, Published under Cement NewsThe countries of Denmark, Norway and Sweden are part of HeidelbergCement Group’s Northern and Eastern Europe-Central Asia division. In an exclusive interview, ICR speaks with Giv K Brantenberg, general manager of HeidelbergCement Northern Europe, to find out about the company’s engagement with these three Nordic markets. ICR speaks with Giv K Brantenberg, general manager of HeidelbergCement Northern Europe ICR: How are the construction markets in Denmark, Norway and Sweden perf... |
Nordic cement’s green shoots04 May 2020, Published under Cement NewsThe Nordic cement industry is a relatively small player in Europe. Still, its plants are some of the most advanced in the world and are pioneering projects for alternative fuels and carbon capture and storage. The region entered 2020 with expectations of improved sales, driven by infrastructure projects and hopes of a housing recovery. However, the coronavirus pandemic is expected to inhibit this growth. Owned by CRH, Finnsementti’s 1.1Mta cement plant at Parainen saw the domestic mar... |
FLSmidth appoints Mikko Tepponen as new chief digital officer03 March 2020, Published under Cement NewsFLSmidth has named Mikko Tepponen as its new chief digital officer, effective 1 June 2020. Mr Tepponen was previously employed by Finland-based Wärtsilä, where he gained extensive experience. He brings to FLSmidth knowledge in digital transformation of industrial companies as well as experience in terms of digital topics such as product development, internal efficiencies, customer behaviour, data architecture and a digital culture. These will also be focus areas for him in FLSmidth. FLSmidt... |
FLSmidth reduces workforce by 50021 January 2020, Published under Cement NewsAs part of business improvement initiatives announced at the end of last year, current industry caution and delays tied to large capital investments, Denmark-based FLSmidth is adjusting the number of its employees by approximately 500, said the company in a statement. It is expected that around 80 people from the Copenhagen headquarters will be dismissed along with around 420 staff in offices around the world. “Despite a healthy pipeline, this is an unfortunate yet necessary action giv... |
FLSmidth appoints new Mining Industry President13 January 2020, Published under Cement NewsMikko Keto will join FLSmidth as President, Mining Industry and member of Group Executive Management. The appointment comes following Manfred Schaffer’s decision to retire in 2020. Mikko Keto joins FLSmidth from Metso, where he has worked for 10 years of which the last two years as President, Minerals Services and Pumps. He also served as a member of the company's Executive Team. FLSmidth CEO, Thomas Schulz, said: "Mikko Keto will lead the FLSmidth Mining organisation in capturing profit... |