Displaying items by tag: Denmark
FLSmidth reports stronger orders overall as cement sector suffers
08 February 2018Denmark: Cement plant manufacturer FLSmidth has announced its financial results for 2017, which show, overall, its strongest order intake for four years. Total orders grew by 6% year-on-year in 2017, bolstered primarily by the company’s Minerals division.
Cement sector orders for the year were Euro611.0m, 1% lower than the Euro615.0m seen in 2016. Revenue from cement sector orders came to Euro547.9m, 5% lower than the US$576.0m orders received in 2016.
“2017 probably marked the trough of the business cycle and, based on our good positioning and strong life-cycle solutions, we expect our business to start growing again in the coming years. Our order intake increased and the momentum in the mining sector continues in 2018, while cement market conditions are expected to remain unchanged,” said CEO Thomas Schulz.
For 2018, FLSmidth anticipates an overall revenue from all activites of Euro2.42-2.68bn (2017 was Euro2.42bn).
Virve Elisabeth Meesak resigns from FLSmidth
31 January 2018Denmark: Virve Elisabeth Meesak has resigned from FLSmidth as its Group Executive Vice President for Human Resources. She had been in post since 2013. She will leave the company by the end of January 2018.
Denmark: FLSmidth has appointed Jan Kjaersgaard as a new Group Executive Vice President, Product Companies Division, and a member of Group Executive Management. Kjaersgaard, aged 51 years and a Danish citizen, will take up the position as head of Product Companies Division on 1 March 2018.
Kjaersgaard holds a Master of Business Administration from Aalborg University and comes from Bladt Industries where he currently serves as chief executive officer (CEO). His previous postings include various senior positions at Siemens Wind Power.
John King Chains buys share in ScanChain
29 September 2017Denmark: The UK’s John King Chains has purchased a stake in ScanChain. The purchase is in support of a takeover of the business by the sales director Kåre Söderberg, who was one of the original founders of the chain and socket company in 2009. No value for the transaction has been disclosed.
“We see this union as a logical part of our expansion strategy with reciprocal benefits. Through ScanChain we have not only gained access to the Scandinavian market, but have enhanced our commercial and technical expertise within the Group. We have always identified Kåre as one of the key operators in the chain market and an individual who is customer driven, technically competent and ambitious in his plans for the future,” said John King Chains in a statement.
David Wadsworth, the managing director of John King Chains, added that ‘…the alliance between John King and ScanChain comes at a time when there has never been such a high degree of optimism for the future of a long-established British manufacturing business and all those associated with it.’
Aalborg Portland inaugurates terminal at Rochefort
21 September 2017France: Denmark’s Aalborg Portland has inaugurated its terminal at Rochefort. The Atlantic port terminal is intended to supply the west of France, according to the Sud-Ouest newspaper. The terminal has a capacity of 4900t and it has been operational since May 2017.
FLSmidth makes further gains in first half of 2017
10 August 2017Denmark: Cement plant manufacturer FLSmidth has seen its revenue increase by 11% year-on-year in the first half of 2017, as its earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 25%. The group highlighted that strong momentum in orders from service activities continued along with a higher operating profit, despite one-off costs. Revenues were Euro1.21bn, while cement sector revenues were Euro140m.
"We are pleased to report solid progress towards our key performance indicator targets. The group's service activities continue to benefit from the firming global growth and improvement in confidence. With the second quarter marking the fourth consecutive quarter of strong aftermarket momentum, especially in mining, the service business is stabilising at a higher level," said CEO Thomas Schulz.
Denmark: Bjarne Moltke Hansen has resigned as the Group Executive Vice President of FLSmidth. The 57-year old Danish national started his career in 1984 working for Unicon, a subsidiary of FLSmidth at the time. He subsequently held the position as chief executive officer (CEO) of Cembrit Holding for five years before taking up the position as CEO of Aalborg Portland Holding in 2000. In 2002, Bjarne took on the position as Group Executive Vice President, Customer Services Division until he was appointed Group Executive Vice President, Product Companies Division in 2015.
Aalborg Portland orders two calciners from A Tec
08 March 2017Denmark: Aalborg Portland has awarded A Tec a contract to upgrade its Cement Kiln 87 in Aalborg. It has ordered two calciners for its 4500t/day semi-dry kiln system that was commissioned in 1988. The calciners will be designed and delivered during the kiln’s annual stop in February and March 2017. Commissioning is planned for the spring of 2017. The upgrades are intended to increase production of Ordinary Portland Cement on the line.
A Tec intends to adapt the flow pattern of the calciner system in a way to improve the operational behaviour of the system. The design will be configured for the usage of 100% solid alternative fuels with low emissions. Additionally, the number of kiln stops due fall through cyclone blockages should be reduced. A Tec will conduct the engineering, supply the equipment and will be responsible for errection and documentation.
The new calciner system will be equipped with the A Tec Post Combustion Chamber (PCC) for the optimised mixture of fuels and combustion air in the end section of the calciner. The PCC was specially developed for the achievement of complete combustion of alternative fuels at high substitution rates.
Denmark: FLSmidth’s revenue for its cement division has risen by 10% year–on-year to Euro576m in 2016 from Euro526m in 2015. Its order intake rose by 63% to Euro615m from Euro377m. The equipment manufacture said that orders had picked up in the second half of 2016. Although it added that the market for new cement capacity remains largely unchanged with supply outweighing demand on a global level. Overall, both order intake and revenue declined for the company as a whole in 2016.
"After a weak first half, activity picked up, finishing the year on a strong note. Rising commodity prices positively impacted sentiment in the mining industry in 2016, although it has yet to translate into higher capital investments. The cement industry is showing early signs of recovery," said Group chief executive officer Thomas Schulz.
Denmark: Piero Corpina has been appointed as the head of the Nordic & Baltic region of Aalborg Portland Holding and chief executive officer of Aalborg Portland and Unicon with effect from 2 January 2017. The Nordic & Baltic Region includes Aalborg Portland, Unicon with plants in Denmark, Norway and Sweden, and subsidiaries in Poland, Russia, Iceland, the UK, France and the US. Corpina will be based at the group’s Nordic headquarters at Islands Brygge in Copenhagen, Denmark.
Corpina, aged 47 years, has 20 years of industry experience with LafargeHolcim covering senior line, staff and project roles and he worked on the merger between Lafarge and Holcim. In 2011 he was nominated the chief executive officer of Holcim Italy.
The Italian and Swiss national holds an MBA and PhD from Hochschule St Gallen in Switzerland and is an alumnus of Harvard Business School in Boston, USA and IMD in Lausanne, Switzerland.