Cement News tagged under: flsmidth
FLSmidth appoints regional presidents for Australia and South America31 August 2020, Published under Cement NewsTamer Eid has been named by FLSmidth as the company's new president for the Australia region, effective 14 September 2020. Over his career, Mr Eid has held various senior executive and technical roles in the mining and oil and gas sectors. He has also led international service businesses that directly supported the production assets of the world’s leading mining and oil and gas companies. Along with his MBA and Mechanical Engineering degree, he brings with him extensive experience within th... |
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 1H20 revenue slips to DKK3.85bn04 August 2020, Published under Cement NewsIn the 2Q20 FLSmidth's revenue amounted to DKK3.846bn (US$608.8m) compared to DKK5.472bn in the 2Q19, down 30 per cent YoY with a 22 per cent decline in mining and a 41 per cent decrease in cement. The relatively sharper decline in cement was not only due to a more severe impact of COVID-19 on the cement industry but also a result of a lower level of cement capital orders in the past four quarters, reported FLSmidth. FLSmidth’s organic order intake declined by 29 per cent and organ... |
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... |
Vietnam: increasing demand for sustainable technologies23 June 2020, Published under Cement NewsIn terms of cement production, Vietnam is one of the fastest-growing countries in the world, thanks to robust domestic demand and its position amongst the world’s top cement exporters. However, this success has brought challenges and the industry is now pushing to reduce its environmental impact and optimise efficiency through the latest technology. Maxime Ramael, country head for Vietnam at FLSmidth, explains how the latest technology is supporting this endeavour. By FLSmidth, Vietnam. ... |
Experiences with alternative fuels12 June 2020, Published under Cement NewsThis week Cemtech hosted a live webinar on best practice for alternative fuels (AF) with renowned speakers from VDZ, FLSmidth and W&P Zement explaining how the cement industry has been developing its AF substitution rates in Europe. Starting the webinar was Dr Volker Hoenig, managing director of VDZ, which represents the German cement industry, discussed the evolution of AF in Germany. He stressed the most important aspects of using AF were the four core elements of: transparency, quality c... |
FLSmidth wins kiln alignment order from Dangote Cement03 June 2020, Published under Cement NewsFLSmidth has entered into a frame agreement with the African conglomerate Dangote Industries to provide hot kiln alignment services to 16 Dangote kilns located in Africa. The six-year agreement will see FLSmidth providing hot kiln alignment services to Dangote kilns in Ethiopia, Tanzania, Zambia, the Republic of Congo, South Africa and Nigeria. Nigeria is the largest market covered in the agreement, with three locations comprised of 10 lines. The Hot Kiln Alignment Service agreement is bas... |
FLSmidth to supply OK mill to CalPortland's Mojave plant27 May 2020, Published under Cement NewsCalPortland has awarded a supply contract to FLSmidth for its Mojave raw mill project. The scope of supply includes engineering, equipment and installation of a new OK 48-4 raw mill with a condition monitoring system and an ECS/ProcessExpert system. "The new OK Raw Mill from FLSmidth will increase reliability and efficiency at our Mojave plant," says Bruce E Shafer, senior vice president for cement operations at CalPortland. "This mill is a natural choice to continue on the sustainable jour... |
FLSmidth's interim 1Q20 report sees COVID-19 impact business results28 April 2020, Published under Cement NewsFLSmidth reports that the COVID-19 pandemic is intensifying the cement industry's apprehensiveness to start large capital investments, but producers in both mining and cement are increasingly looking at digitalised solutions, driven by the restrictions of on-site services. Cement service order intake was stable in 1Q20 compared to 1Q19, but total cement order intake declined 50 per cent, due to hesitation on capital investments and the absence of large project orders. Order intake for ceme... |
Yanbu Cement to reduce heat and power consumption22 April 2020, Published under Cement NewsSaudi-based Yanbu Cement Co(YCC) has signed an agreement in early 2020 for a considerable efficiency upgrade to be carried out by FLSmidth, focussing on reducing heat and power consumption. With increased attention on sustainability in the region, YCC, located 400km north of Jeddah, has chosen FLSmidth to provide the equipment and carry out the installation, projected to bring significant reduction in heat and power consumption. The project includes the supply and installation of new top ... |