Displaying items by tag: Denmark

Denmark: An improving mining market has driven FLSmidth’s sales, order intake and earnings in 2018. Its overall order intake grew by 13% year-on-year to Euro2.91bn in 2018 from Euro2.57bn in 2017. Its revenue increased by 4% to Euro2.51bn and its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 5% to Euro212m.

"The high order intake in 2018 is due to an improving mining market, but it also reflects the performance of our organisation, our position and strong lifecycle solutions. This combination lays a good foundation for future growth," said group chief executive officer (CEO) Thomas Schulz.

However, the group’s cement business order intake remained stable at Euro1.19bn. Sales revenue fell by 3% to Euro1.10bn and EBITDA dropped by 22% to Euro51m. It described the cement market as “very competitive with stable pricing at a low level.” It did note a ‘healthy level’ of small to mid-sized orders related to grinding plants, upgrades, retrofits and single equipment. Replacement and upgrade projects are anticipated to show continued growth in 2019.

Ethiopia: Abay Industrial Development has ordered a new 5000t/day cement plant worth Euro100m from Denmark’s FLSmidth. The plant will be built near Dejen. FLSmidth has received a down payment for the project but it will not be added to its order intake until further conditions have been met.

The order includes design and engineering, full equipment supply, automation systems, installation and commissioning as well as training and extended supervision. Completion of the order is expected during the second quarter of 2022.

Denmark: Dankalk is upgrading the lime hydrator at its Aggersund plant. A new KLV 02/630-4.0 type lime hydrator is being supplied by Germany’s Gebr. Pfeiffer. It is being replaced from a previous Gebr. Pfeiffer model installed in the 1980s due to tighter emission limits. Commissioning of the new lime hydrator is scheduled for mid-2019.

Denmark: Engineering company FLSmidth is working with insulation manufacturer Rockwool and the Technical University of Denmark (DTU) on a research project to develop sustainable process technologies that will increase the use of renewable fuels and raw materials and reduce CO₂ emissions. The project has received a Euro2.7m grant from Innovation Fund Denmark.

The project plans to investigate and optimise high-temperature processes throughout the entire production chain in both companies. The DTU holds experience in this field from the CHEC research centre at DTU Chemical Engineering, which has focused on combustion research and emission abatement in recent years. FLSmidth plans to explore using alternative cement formulas and production methods to enable the company to launch more efficient technologies for using renewable fuels and reducing emissions. Rockwool intends to lower CO₂ emissions and reduce its fuel consumption to make its production become more sustainable.

Denmark: Aalborg Portland has signed a five-year cement transport deal with Demstrup Autotransport and Silo Trans following a tendering process. The deal covers the producer’s domestic cement distribution of over 1.25Mt/yr. This involves more than 33,000 movements per year. Demstrup Autotransport will be responsible for distribution in North and Central Jutland and Zealand. Silo Trans will handle distribution in Sønderjylland and in Funen.

Denmark: Equipment manufcaturer FLSmidth says that the cement market has remained ‘unchanged’ so far in 2018. It described the market for new cement capacity as ‘subdued’ but that opportunities for small and medium projects were available. In addition, the second quarter of 2018 showed a number of single equipment and upgrade project orders which the company has marked as a strategy area.

Order intake for its cement division fell by 42% year-on-year to Euro215m from Euro368m. However, revenue rose by 2% to Euro272m. Overall, the group’s order intake fell slightly to Euro1.35bn but revenue rose by 18% to Euro1.2bn.

"We saw the highest order intake in the Minerals division for several years, which shows that miners are starting to put action behind their investment plans. Most activity is related to single equipment and brownfield expansion. We benefit from our business model of full life-cycle offerings which enables us to support customers in their pursuit of productivity enhancements", said group chief executive officer (CEO) Thomas Schulz.

Central America: Denmark’s FLSmidth has been awarded two contracts for cement plants worth over Euro250m. One deal is for a new plant and the other is for an expansion to an existing site. The expected start-up for each project is by mid-2021 and once operational, the cement plants will have a capacity of 2000t/day and 3500t/day respectively.

Both contracts include design and engineering, equipment supply, automation systems, training as well as advisory services for installation and commissioning. Each project is also dependent on FLSmidth receiving an agreed down payment before work can commence.

China/Denmark: Denmark’s FLSmdith and China National Building Material (CNBM) have signed a framework agreement about future collaboration. Song Zhiping, chairman of CNBM Group and Thomas Schulz, Group chief executive officer (CEO) of FLSmidth signed the deal at FLSmidth’s headquarters in Denmark in July 2018.

"It was a pleasure to welcome the guests and to participate in such collaborative discussions about future opportunities to work together. Through this framework agreement, we see numerous benefits over the coming years for us and our customers, such as expediting our quotation response time, which will improve our delivery performance and increase productivity," said Schulz.

FLSmidth is an engineering company that provides machinery and connected services to the cement and mineral industries. CNBM Group is both the world’s largest cement producer and a leading cement plant construction company. The companies have worked together on projects previously, such as the Relizane cement plant order for ETHRB Group in Algeria.

Denmark: FLSmidth plans to change its internal business structure to focus on two industries: cement and mining. The reorganisation will see it change its focus from four divisions to two industries and from a country setup into a regional structure. Sales and service will be decentralised in seven regions, while ownership for the full life cycle offering will be anchored in the two industries. This is intended to create a productivity-driven organisation with a strong, unified digital approach and strengthen the engineering firm’s local presence.

"With the end markets recovering, our customers accelerate to invest in productivity enhancing and digital solutions. To support our customers' growth, the two industries, Cement and Mining, will deliver integrated productivity offerings through the regions. Our decentralised organisation will give us a strong point of entry to offer our customers key products, shorter delivery times and a strong service setup," said group chief executive officer Thomas Schulz.

Its two industry grouping, Cement and Mining, will develop and drive the life-cycle offering and the product portfolio. The two industries will be supported by seven regions: North America; South America; Europe, Russia & North Africa; Sub-Saharan Africa & Middle East; Asia; Subcontinental India; and Australia. The regions will drive customer relations, sales and service for both industries. A central digital organisation will drive an enhanced, unified approach to digitalisation. The realigned organisation will become effective from 1 July 2018.

Denmark: FLSmidth has appointed Mikael Lindholm as Chief Digital Officer (CDO) with effect from 1 May 2018. Lindholm has worked on digitalisation in the global Internet of Things since the mid-2000s, most recently in a position as Vice President, Internet of Things Asia with Telenor. His previous experience includes strategic and operational experience from both the service industry and traditional manufacturing.