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FLSmidth appoints Annette Terndrup and Cori Petersen to Group Executive Management
Written by Global Cement staff
06 March 2019
Denmark: FLSmidth has appointed Annette Terndrup, Head of Group Legal and Strategy, and Cori Petersen, Head of Group Human Resources (HR), to Group Executive Management.
Terndrup joined FLSmidth in 2004 as corporate counsel. In 2013, she was appointed Group General Counsel, and in 2016 her role was expanded to include Group Strategy and mergers and acquisitions.
Petersen joined FLSmidth in 2016 as the leader of HR for the US. Shortly thereafter her role expanded to leader of HR for North America. In April 2018, she was appointed the role of Head of Group HR.
FLSmidth's Group Executive Management consists of: Thomas Schulz, Group chief executive officer (CEO); Lars Vestergaard, Group chief financial officer (CFO); Jan Kjaersgaard, Cement President; Manfred Schaffer, Mining President; Mikael Lindholm, Chief Digital Officer; Annette Terndrup, Head of Group Legal and Strategy; and Cori Petersen, Head of Group HR.
Henrik Ager appointed president of Sandvik Mining and Rock Technology
Written by Global Cement staff
06 March 2019
Sweden: Sandvik has appointed Henrik Ager as president of its Sandvik Mining and Rock Technology division and a member of the Sandvik Group executive management with effect from 1 April 2019. He succeeds Lars Engström, who will leave Sandvik.
Ager holds over 16 years of experience in the minding industry with positions held in South Africa, Australia, South America and India. He is currently the president for the Rock Tools division in Sandvik. Prior to this, he was the president for the Global Equipment division and Vice President for Strategy within Sandvik Mining and Rock Technology. He also worked for McKinsey and Ericsson.
Andrew Wheeler confirmed as head of US Environmental Protection Agency
Written by Global Cement staff
06 March 2019
US: The US Senate has confirmed Andrew Wheeler as the administrator of the Environmental Protection Agency (EPA). He had been working as acting administrator since the resignation of Scott Pruitt in July 2018. The Portland Cement Association ‘applauded’ the appointment of Wheeler, saying that he would ‘ensure’ regulatory certainty for the cement and concrete industry.
Breedon Group results boosted by Lagan acquisition 06 March 2019
UK: Breedon Group’s revenue grew by 32% year-on-year to Euro1bn in 2018 from Euro759m. Its profit rose by 13% to Euro75.2 from Euro66.3m. It sold 2Mt of cement and its ready-mixed concrete sales fell slightly to 3.2Mm3.
“We can be justifiably proud of our results. We outperformed the Great Britain market in sales volumes of all our key products, grew our revenues and underlying earning before interest and tax (EBIT), and once again generated strong cashflow, enabling us to pay down a material proportion of our post-Lagan debt by the year-end,” said executive chairman Peter Tom.
The building materials manufacturer said that the integration of Lagan Cement into the group enabled it to export cement from Kinnegad in Ireland to the UK. In early 2019 it intends to import cement from Kinnegad to a new terminal in Runcorn. Investments in the reporting year included an expansion of its transport fleet in the UK, a new mobile plant at its Hope quarry and the next stage of a four-year project to replace plant control systems at the Hope cement plant. Its single largest investment in 2019 will be the replacement of the raw mill drive at the Hope plant.
Breedon Group operates two cement plants, around 80 quarries, 40 asphalt plants, around 170 ready-mixed concrete and mortar plants, nine concrete and clay products plants, four contract surfacing businesses, six terminals and two slate production facilities. It employs nearly 3000 people and has nearly 900Mt of mineral reserves and resources.
Spain: Oficemen the Spanish cement association has blamed falling cement exports in 2018 on rising electricity and CO2 emissions prices. The association said the European Union CO2 price tripled to Euro24.60/t at the end of 2018 from Euro7.80/t at the start of the year, with an average price of Euro16.00/t of cement. Exports fell by 12% year-on-year to 8.1Mt in the 11 months of the end of November 2018. Cement consumption grew by 8% year-on-year to 13.4Mt in 2018. It forecasts growth of 3 – 6% in 2019.