Displaying items by tag: Denmark

Norway: Norcem, part of Germany-based HeidelbergCement, has awarded a contract to Denmark-based FLSmidth to provide modifications to allow for downstream CO₂ removal at its integrated Brevik cement plant. The supplier will begin work in the unit’s winter 2022 shutdown. Its upcoming carbon capture and storage (CCS) installation is scheduled for commissioning in September 2024.

Norcem project manager Tor Gautestad said, “We are very excited to have FLSmidth on board and to finally begin the construction of the full-size installation.” He added, “FLSmidth’s extensive process knowledge, and air pollution control in particular, will be critical to the success of the project.”

Senegal: China-based Sinoma Group subsidiary CBMI Construction has awarded a contract to Denmark-based FLSmidth for the supply of three control systems for one new and two existing lines at the Kirène cement plant in Thiès region. The lines will share a digital infrastructure built on the FLSmidth ECS/ControlCenter platform with ECS/PlantDataManagement software. Additionally, the supplier will equip the new Line 3 with its ECS/CemScanner and QCX/BlendExpert. It said that the setup will use 12,000 data points on Line 3 alone.

Group digital general manager Jens Adler said, “With more than 1500 active product and process control installations in the cement industry, this order reaffirms our strong digital expertise.” He added “Digitalisation is transforming how many in the cement industry respond to increasing demands for emission reductions and efficiency. This is reflected in the emphasis on digital solutions as part of our MissionZero ambition to offer cement producers zero emission cement production by 2030.”

Denmark: FLSmidth says that it has allocated performance shares to 160 executive managers and key staff under its Long-Term Incentive programme. The shares have a three-year vesting period and are subject to fulfilment of stretched targets. Applicable targets are earnings before interest, taxation and amortisation (EBITA) margin, total shareholder return and MissionZero emissions reduction programme performance. The supplier estimated the cost of the plan as Euro6.98m assuming full vesting.

The company said, “The primary purpose of the programme is to retain key staff and to align the interests of shareholders and the incentive programme participants by rewarding performance in accordance with the company’s strategy.”

Kazakhstan: Denmark-based FLSmidth has announced the opening of its new ‘Service Supercenter’ in Karagandy, Qaraghandy region. The service centre has a focus on mining, but will also serve cement customers with equipment delivery, component maintenance and rapid on-site service backed by local support. The centre consists of a 2500m² warehouse and 1200m² workshop, as well as a customer service office, customer training centre and other support facilities.

Mining president Mikko Keto said, “The main concept of the Supercenter is to get closer to our mining and cement customers across Kazakhstan and Central Asia and support them with the best solutions, fast access to spare and wear parts, and, of course, local knowhow and expertise. This move supports FLSmidth’s ever-growing focus on customer service and aftermarket.”

India: Denmark-based Hasle has supplied a Hasle D59A coating-resistant castable to Asian Cement for use on the inlet chamber and riser duct at its cement plant. The supplier supervised installation. It said that the castable will reduce the required lining materials of the equipment, resulting in savings.

Denmark: FLSmidth’s group net sales fell by 20% year-on-year to Euro2.21bn in 2020 from Euro2.78bn in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) before special non-recurring items fell by 44% to Euro152m from Euro270m. Net profit was Euro27.6m, down by 74% from Euro104m.

The group’s cement business recorded net sales of Euro783m, down by 31% from Euro1.14bn, and an EBITA loss of Euro15.9m, compared to a gain of Euro65.3m in 2019. It said that the cement business is not expected to be EBITA positive in 2021 due to continued cement reshaping costs. However, order intake for the cement division improved year-on-year in the fourth quarter of 2020 due to a Euro101m engineering, procurement and supervision contract for a cement plant project in Ethiopia.

Chair Vagn Ove Sørensen and chief executive officer Thomas Schulz said, “The cement market is faced with on-going overcapacity and we see no short-term to medium-term recovery. Thus, we continue activities to reshape our cement business. Large economic stimulus programmes, combined with an increasing focus on lower-carbon cement, will create good opportunities in the medium- to long-term but the timing and extent of an overall rebound in the cement market remain uncertain. It is, however, clear that the cement industry will need substantial investments to meet the emissions reduction targets set by a growing number of cement producers as well as the recent commitments to carbon neutrality made by the Global Cement and Concrete Association (GCCA) and the European Cement Association. Based on the need to decarbonise, we foresee a multi-commodity cement industry in the future, utilising a range of cement production processes and a variety of raw materials. As the industry’s leading and most innovative premium supplier with strong process know-how, we are strongly positioned to benefit from this development.”

In further comments about cement industry trends the company noted that, “Following the shutdown of about 20% of the world’s cement plants outside of China in April 2020, the share of cement plants in operation has since climbed back up above 95% at year-end. However, many plants continue to run at reduced capacity and sites remain difficult to access due to restrictions and preventative measurements taken by authorities and plant operators.”

Italy: Cementir Holding recorded revenues from sales and services of Euro1.22bn in 2020, up by 1% year-on-year from Euro1.21bn in 2019. Cement and clinker volumes rose by 13% to 10.7Mt from 9.49Mt. Volumes registered the sharpest increase in Turkey, of 39%. Ready-mixed concrete (RMX) volumes grew by 7.8% to 4.4Mm³ from 4.1Mm³. The company maintained its 2019 earnings before interest, taxation, depreciation and amortisation (EBITDA) levels of Euro264m. It said that an improvement in performance in Turkey, Denmark, Egypt, China and Sweden balanced out negative effects on earnings in Belgium, US and Malaysia.

Chair and chief executive officer Francesco Caltagirone said, “In 2020, despite the serious pandemic, the group showed significant resilience with a 13% increase in cement volumes sold and revenue reaching the historical record. On a recurring basis, EBITDA increased by 2%, EBIT was up by 4% and yearly cash generation was Euro119m."

Under Plan 2021 – 2023 Industrial Plan, the company says that it envisages sales growth of 20% to Euro1.47bn and EBITDA growth of 29% to Euro340bn in 2023 compared to 2020 figures. It said that digitalisation investments begun in 2019 will contribute an expected Euro15m to EBITDA in 2023. As part of its sustainability commitments it has set a CO₂ emissions reduction target of around 30% by 2030, with emissions below 500kg/t of grey cement. However, it said that under the future European Taxonomy criteria white cement emissions are not included.

The group is planning to invest around Euro107m from 2021 to 2023 on sustainability and digitalisation. This includes a the construction of a new calcination plant in Denmark for the production of its Futurecem product and, the installation of wind turbines with an installed capacity of 8.4MW. It is also planning to increase the alternative fuels substitution rate at its integrated Gaurain plant in Belgian to 80% from 40% and invest in the use of natural gas and biogas in some of its plants.

Turkey: Denmark-based FLSmidth has won a contract to provide a grey-to-white cement line conversion at Çimko Çimento’s cement plant in Adiyaman. The company will supply equipment suited to the production of white cement including its DuoFlex burner, rotary cooler and OK raw mill. It said that it will begin work in 2021 and the producer will commission the renovated line in early 2022.

The supplier said, “Once completed, the upgraded line will offer Çimko Çimento new opportunities to expand its product range and enter new markets. White cement is especially sought-after in countries with relatively hot climates, as it tends to keep buildings cooler with its reflective characteristics. In addition, as a high-quality, value-added product, white cement is often used in the construction of innovative buildings and important landmarks. FLSmidth brings significant experience and know-how to the project, having conducted several similar grey-to-white conversions in recent years, including projects with Turkey-based Adana Cement and Eskisehir Cement, as well as Alsafwa Cement Company and Riyadh Cement Company in Saudi Arabia.”

Germany: Denmark-based FLSmidth has entered into non-binding negotiations with ThyssenKrupp over the possible acquisition of its mining business. Mining is one of ThyssenKrupp subsidiary ThyssenKrupp Industrial Solutions’ major businesses, alongside cement. This business segment reported net sales of Euro2.9bn in its 2020 financial year, a small decline from the sales figure in 2019 despite the coronavirus pandemic.

Germany: France-based REEL has agreed to acquire handling and lifting systems specialist Möller (also known as FLSmidth Hamburg GmbH) from Denmark-based FLSmidth for an undisclosed amount. The company employs 60 people and has reported sales of Euro400m/yr.

FLSmidth Cement President Carsten Riisberg Lund said, “The sale of Möller is part of an on-going process aimed at reshaping FLSmidth’s cement division. Consistent with the corporate strategy we announced earlier this year, we are pursuing a more focused cement portfolio. The new owner has a strong focus on the aluminium and related sectors and is therefore a natural fit for Möller’s future.”