Displaying items by tag: Denmark

Egypt: Denmark's FLSmidth has signed a contract with Arabian Cement Company (ACC) for operation and maintenance of the production lines at their cement plant near Suez. The contact covers five years of operation and maintenance of two production lines with a capacity of 6000t/day each. FLSmidth has been operating and maintaining the two lines since 2008 and 2010, respectively. Both lines were built by FLSmidth.

The scope of supply includes operation and maintenance of two clinker production lines, one coal mill, two alternative fuel handling and dosing installations, four cement mills and six packing lines. The operation and maintenance of the mills and packing lines is an addition to the current scope.

"Arabian Cement Company was our first operation and maintenance customer and we have supplied operation and maintenance services at their plant since 2008. The demonstrated performance over the past nearly eight years was the main motive for ACC to expand and continue the cooperation with us. The prolongation of the operation and maintenance contract illustrates the strength of our productivity enhancing 'Design-Build-Operate'-model, where we offer to design, build and operate customers' plants," said Group Executive Vice President, Cement Division, Per Mejnert Kristensen.

No value for the deal was disclosed. The contract will contribute beneficially to FLSmidth's earnings until the contract expires in early 2021.

Denmark: FLSmidth has been awarded a contract for process and quality optimisation of 17 cement plants acquired by the CRH Group in 2015. FLSmidth's ability to deliver the large number of systems within 14 months was a factor in the order.

The order is the largest advanced process optimisation project awarded to FLSmidth and includes process optimisation of 12 kilns and 40 grinding mills, as well as quality optimisation of 14 raw mills. In addition, the order includes a service agreement, covering all 66 applications, where FLSmidth will provide support and on-going remote monitoring and optimisation by its process specialists.

The contract uses FLSmidth's ECS/ProcessExpert and QCX/BlendExpert products. The ECS/ProcessExpert system aims to improve plant performance by stabilising the process of the plant, optimising the production, managing and correcting process disruptions and minimising wear on plant equipment.
The QCX/BlendExpert system controls the proportioning of raw material feed to raw mills to obtain the desired chemical product quality with respect to chemical constraints, process constraints and material costs.

CRH is the third largest building materials supplier in the world and has more than doubled its cement production volume due to the recent acquisition of 34 plants (including grinding stations), divested as part of the Lafarge/Holcim merger in 2015. Many of the plants are already using optimisation systems, but CRH chose to standardise on FLSmidth's ECS/ProcessExpert and QCX/BlendExpert solutions.

Iran/Denmark: Denmark's FLSmidth has selected Iranian Ehdas San'at Company as its representative for the implementation of projects and services in Iran.

Managing Director of Ehdas San'at Morteza Hashempour and the Director of FLSmidth, Thomas Schulz, have signed a scientific, technical and economic cooperation memorandum of understanding to cooperate in the cement industry in Tehran. Ehdas San'at has agreed to a close cooperation with FLSmidth in the field of producing related equipment and constructing new projects, as well as the optimisation and reconstruction of existing cement plant.

Following the recent agreement between Iran and the P5+1 (the five permanent UN Security Council members plus Germany) group of powers in Vienna on 14 June 2015, Iran has been inundated with offers from foreign companies. Top Iranian officials have repeatedly said that they accept offers only from foreign applicants that make investments in Iran and share technological know-how with the country.

Earlier in September 2015, Iranian Deputy Energy Minister Alireza Daemi said that companies from several European and Arab countries have declared deep interest in broadening ties with Iran in the water and power industries. "Companies from Austria, Germany, France, Italy, as well as some Arab countries, have voiced readiness to finance projects in various sectors in Iran," said Daemi. "We seek to increase productivity and efficiency in the domestic power sector by exchanging technological experience and knowledge with foreigners."

Denmark: Marius Jacques Kloppers and Rob Smith have accepted to be nominated as new members of the Board of Directors of FLSmidth. They will be nominated at the company's next Annual General Meeting (AGM) on 5 April 2016.

Marius Jacques Kloppers, aged 53 and a joint Australian-South African citizen, is the former CEO of the mining company, BHP Billiton. Rob Smith, aged 50 and a German-American citizen, is Senior Vice President and General Manager, EAME of AGCO.

Current member of the Board of Directors, Martin Ivert, has decided not to stand for re-election at the next AGM.

Denmark/UK: Vortex has appointed Mespo ApS as its exclusive agent in Denmark. Mespo sells high quality components, machines and customised solutions for powder handling manufacturers like cement producers.

"We are very pleased to add Mespo to our line of representatives," said Laurence Millington, Vortex's director of international business. "Mespo has a great cooperation with many manufactures of powder processing equipment around Europe. With its convenient location in Ringsted on Zealand, Mespo can respond to our Danish customer needs in a short amount of time."

India/Denmark: Specialty cable manufacturer CMI Ltd has acquired one of Denmark-based FLSmidth's manufacturing plants in Bawal, Haryana to cater to the growing demand of its products.

CMI plans to invest US$3.02m on the acquisition, which is expected to significantly augment the company's production capacity. The company intends to start production in the new facility within the current financial year. The facility possesses all the necessary clearances and equipment required for industrial production. CMI's net profit rose by 168% to US$429,133 in the quarter that ended on 30 June 2015 and its revenues were US$20.7m.

CMI, which was formerly known as Choudhari Metal Industries, was incorporated in 1967. The company was initially engaged in copper metal trade and copper melting and rod casting and later diversified to the cables business. It currently makes different types of cables to meet the demand of core infrastructure sectors in India like telecommunication, railways, shipbuilding and petrochemicals.

Denmark/US: FLSmidth has signed an engineering, procurement and construction (EPC) contract with Cemex for the supply of a new cement production line at its Odessa cement plant in Texas, US. Once the installation is finished, the cement production line is expected to have a capacity of approximately 2540t/day.

The expansion will focus on higher fuel efficiency and improved productivity. The equipment scope includes a five-stage ILC preheater with a Low NO_x Calciner, three-pier kiln, FLSmidth Cross-Bar cooler, Duoflex burner, Pfister weighing and dosing systems, gas analysers and three Fuller-Kinyon pumps. The line will also use an FLSmidth control system.

Denmark: FLSmidth has appointed Lars Vestergaard as its new Chief Financial Officer and member of Group Executive Management. Vestergaard succeeds Ben Guren who has decided to leave the company due to personal reasons. Vestergaard will take up the position as CFO on 1 April 2014. Brian Iversen, Vice President Corporate Finance, FLSmidth will be acting CFO until Vestergaard starts.

Vestergaard, aged 39 and a Danish citizen, holds a Master of Science in Business Management and brings with him international experience in the role as CFO as well as international experience in change management, IT management and treasury from his various management positions in Carlsberg (2004 - 2014) and the global facility service provider ISS (2000 - 2004).

Denmark: FLSmidth has announced the appointment of Eric Thomas Poupier to a newly created position in group executive management, as group executive vice president, business development. Poupier will take up his new position on 15 January 2014.

Since 2011 Poupier has been a manager at Bain and Company in Stockholm, managing projects for Nordic clients. From 2007 to 2011 he was a consultant for Bain and Company and specialised in reorganisation, growth strategy, sales force effectiveness and performance improvements. Over 2005 to 2007 Poupier completed a full time MBA study in the USA and in 2005 he held the position of purchasing manager for Bosch Group in Changzhou, China. Previous to 2005 Poupier had a number of managerial positions in strategic purchasing within the Bosch Group in Germany.

Eric Poupier brings with him a broad experience within business and strategy development as well as within purchasing and change management. The new business development position in group executive management was created in an effort to strengthen FLSmidth Group's competitiveness by focusing more on effectiveness, strategy development and integration.

Denmark: An ICC (International Chamber of Commerce) arbitration has been concluded in a case between MT Højgaard A/S and FLSmidth A/S dating back to 2004.

Much to the surprise of FLSmidth and contrary to expectations, the ICC arbitration award renders FLSmidth liable to pay significantly higher compensation than expected. The compensation is due for some of the costs resulting from delays at the Buxton cement plant in the UK in 2004.

According to the arbitration award, FLSmidth is to pay partial compensation plus interest, plus part of the costs of the proceedings to MT Højgaard.

The impact on FLSmidth's financial statements amounts to a net loss of Euro21.5m on EBITA and Euro16.1m on profit after tax, which will be booked in the fourth quarter of 2013. Consequently, the EBITA margin for 2013 is expected to be 3.5-4.5% rather than the previously forecast 4-5%.