Cement News tagged under: flsmidth
FLSmidth reports 31% drop in cement order intake in 3Q2413 November 2024, Published under Cement NewsFLSmidth reported that its cement business in the 3Q24 achieved an adjusted EBITA margin of 10.8 per cent, demonstrating continued strong execution of higher-margin orders as well as release of provisions related to the completion of legacy projects. Cement order intake decreased by 31 per cent compared to the 3Q23 (a fall of 24 per cent if excluding currency effects and effects from divestments). Service order intake decreased by 20 per cent largely due to the recent divestments as well as... |
Gharibwal Cement plans to enhance its solar generation capacity by 8MW to 20MW25 October 2024, Published under Cement NewsGharibwal Cement (GWLC) remains committed to diversifying away from the national grid. Its captive capacity stood at 70MW during FY24. Moreover, the company plans to enhance its solar generation capacity by 8MW to 20MW. The project’s cost is estimated at PKR550m, and its expected completion date is March 2025. According to BMA Research coverage of the briefing, the company’s reliance on the national grid increased to 32 per cent during the fiscal year, compared to 31 per cent in FY23. Mor... |
FLSmidth commissions Çimsa cooler23 October 2024, Published under Cement NewsFLSmidth recently commissioned the new Cross-Bar ® cooler at Çimsa ’s Eskisehir plant in Turkey. The project was a retrofit conversion of an SF Cooler complete with wave grates and ABC ® Inlet, which will increase the cooler’s capacity from 1800tpd to 2300tpd. The Cross-Bar cooler also benefits from a low total cost of ownership, thanks to its efficient operation and low maintenance demands, claims FLSmidth. |
Davenport plant installs FuelFlex Pyrolyzer system25 September 2024, Published under Cement NewsSummit Materials Inc has installed FLsmidth’s FuelFlex Pyrolyzer system, which enhances the use of non-hazardous alternative fuels at its Davenport cement plant in Iowa, USA. The US$38m investment expands Summit’s Green America Recycling operation, enabling the plant to replace about 55 per cent of its fossil fuel usage with non-hazardous waste, according to the company. “As part of our commitment to being the most socially responsible construction materials company, we are proud to p... |
FLSmidth & Co Group reports declining revenue in its 2Q24 interim report15 August 2024, Published under Cement NewsIn the 2Q24 FLSmidth's group revenue decreased by 23 per cent (-20 per cent if excluding currency effects and effects from divestments). Gross profit increased by five per cent to DKK1579m (US$233m), compared to DKK1497m in the 2Q23, corresponding to a gross margin of 31.8 per cent. The gross margin reflects good execution of higher-margin orders as a result of FLSmidth's de-risking strategy, partly offset by the lower revenue, says teh company. Excluding transformation and separation cost... |
FLSmidth to increase efficiency of Leamington kiln09 July 2024, Published under Cement NewsAsh Grove ( CRH group ) is working with FLSmidth Cement, to improve the efficiency of the kiln at its plant in Leamington , Utah, with a pyroprocessing upgrade, including a new tertiary air duct, new calciner section, new kiln drive system, and other solutions. “We’re always thrilled to work with Ash Grove ,” says Scott Hall, VP sales and service USA and Canada. “They’re committed to increasing process efficiency, and this pyro upgrade will give them that by reducing pressure drop on key ... |
FLSmidth Cement and Carbon Re sign cooperation agreement04 July 2024, Published under Cement NewsFLSmidth Cement and Carbon Re have announced a cooperation agreement to integrate FLSmidth’s Cement's ECS/ProcessExpert ® advanced process control software, known as PXP, with Carbon Re's AI-powered cloud platform. This will provide cement producers with access to state-of-the-art process optimisation capabilities that will see artificial intelligence and machine learning uncover energy efficiencies and reduce costs and carbon emissions in industrial processes. The cooperation will unlo... |
FLSmidth reports 55% increase in 1Q EBITA15 May 2024, Published under Cement NewsFLSmidth posted a 1Q24 total revenue of DKK4839m, down 19.6 per cent YoY from DKK6016m. Total order intake was down 6.8 per cent YoY to DKK5248m from DKK5632m. However, EBITA increased by 55.3 per cent to DKK365m in the 1Q24 from DKK235m. The EBITA margin stood at 7.5 per cent. Cement Cement order intake was down 22.5 per cent YoY to DKK1042m in the 1Q24 from DKK1344m in the 1Q23. Product order intake fell by 40 per cent YoY, partly due to the continued reduction in its portfolio and exi... |
FLSmidth wins 5-year supervisory support agreement with SSBIL18 April 2024, Published under Cement NewsFLSmidth will provide expertise and supervisory support to SSBIL for its operations and maintenance contract with Abayak Cement ’s plant in Akoga , on the mainland of Equatorial Guinea. The plant’s main equipment was designed and supplied by FLSmidth several years ago, including an OK™ Mill, a ROTAX-2 ® Kiln, Cross-Bar ® Cooler, Pfister ® dosing systems, Ventomatic ® packing plant and our Automation control systems. Installation was completed in 2016. However, due to local issues reg... |
Gharibwal Cement achieves a gross profit of PKR1.499bn in 1HFY23-2405 March 2024, Published under Cement NewsGharibwal Cement Ltd (GWLC) of Pakistan announced its half-year financial results ending 31 December 2023, on 26 February 2024. The company saw a decrease in its profit to PKR685m (US$2.45m) in 1HFY23-24 from PKR1.12bn earned in the same period last year. This translated to a fall of 39.2 per cent in profit YoY. The major factor responsible for this fall was the increased cost of sales and other factors. According to the company's latest report, it experienced a 1.9 per cent decline in ne... |