Displaying items by tag: Denmark
SungShin Cement orders two FLSmidth HotDiscs
10 November 2020South Korea: SungShin Cement has placed an order with Denmark-based FLSmidth for the supply of two HotPlate combustion devices for installation in lines three and six of its SungShin cement plant. The plant is in the transition from coal fuel to the possibility of 100% alternative fuel (AF) use in the two lines, which it plans to commission in mid and late 2021 respectively.
Team manager of production technology Cho K-R said, “With its degree of flexibility, the HotDisc allows us to substitute coal with a wide range of AFs – refuse-derived fuel (RDF) in our case. As we turn waste into energy, the HotDisc lowers our operating costs without compromising energy efficiency.”
FLSmidth previously delivered two HotDiscs to South Korea, to SsangYong’s Donghae and Yeongwool cement plants.
FLSmidth continues to fight impact from coronavirus
03 November 2020Denmark: FLSmidth has continued to report disruption to order intake, revenue and earnings due to the coronavirus pandemic. Its nine-month revenue from cement sector supply and service contracts were US$680m, down by 28% year-on-year from US$940m in the first nine months of 2020. The cement division’s loss before interest, taxation and amortisation (LBITA) was US$14.1m, compared to earnings before interest, taxation and amortisation (EBITA) of US$50.7. Its gross order intake fell by 39% to US$569m from US$932m. However, order intake in the third quarter of 2020 improved from the second quarter of the year.
The company said, “Across regions, around 95% of cement plants were back in operation at the end of the third quarter of 2020, but many plants continue to run at reduced capacity. As economic growth is one of the most important drivers for cement demand, our customers are highly sensitive to market fluctuations and typically respond through hesitation and cash preservation.” It added, “We are taking additional steps to simplify our cement business and adjust our cost structure. These activities include less in-house manufacturing and more sourcing from local suppliers as well as a reduction of the project organisation.”
Bangladesh: Production at Premier Cement’s new plants at Narayanganj and Chattogram has been delayed until November 2020 due to the coronavirus pandemic. Mohammed Amirul Haque, managing director of the cement producer, said that the projects have been delayed due to the absence of some technical personnel from China and Denmark, according to the Daily Star newspaper. The units were originally scheduled to start commercial production in June 2020 but this is now expected to start in December 2020. Both plants have a combined budget of around US$150m. Denmark-based FLSmidth was reported to be supplying mills for the plants.
FLSmidth acquires KnowledgeScape
02 October 2020Denmark: FLSmidth has announced the signing of a takeover agreement with mineral processing digital solutions specialist KnowledgeScape. No value for the acquisition has been disclosed.
Chief Digital Officer (CDO) Mikko Tepponen said, “The addition of KnowledgeScape’s advanced solutions to FLSmidth’s already robust digital ENABLR portfolio will deliver an expanded and exciting range of benefits to cement industry customers, from increased automation to improved reliability and enhanced productivity, increasing the total output of plants by 4% - 10%. At the same time, their solutions reduce power, water and reagent consumption, contributing significantly to the goals of FLSmidth’s MissionZero sustainability strategy.” He added, “With this acquisition, FLSmidth reinforces a strong track record of integration with a special emphasis on the retention of local talent.”
Novo Holdings halves FLSmidth stake
02 October 2020Denmark: Novo Holdings has reduced its stake in FLSmidth to 4.8% from 10%. The equipment supplier said that the investor now holds 2.46m of its shares.
FLSmidth appoints regional presidents for Australia and South America
02 September 2020Denmark: FLSmidth has appointed Tamer Eid as the new president for the Australia region, with effect from 14 September 2020, and Claudio Garcia Bernal as president for the South America region. The group also announced that Ramanathan (Ram) Chandran, who was appointed president for the Subcontinental India region in August 2020, will start his role on 4 September 2020.
Tamer Eid has held various senior executive and technical roles in the mining and oil and gas sectors including working with Weir in the US and UK and in various senior roles within Outotec. He holds an MBA and a degree in mechanical engineering. He will be based out of FLSmidth’s Welshpool facility in Perth, Australia.
Claudio Garcia Bernal previously served as acting president for the South America region since April 2020. Ramanathan Chandran joins FLSmdith from Minerals Technologies Inc. where he was Vice President (Minteq Asia) & MD (Minerals Technologies India).
FLSmidth reinstates 2020 guidance
28 August 2020Denmark: FLSmidth has announced the reinstatement of its 2020 guidance. The guidance predicts full-year sales of Euro2.28bn, down by 18% year-on-year from Euro2.77bn. Earnings before taxation, interest, depreciation and amortisation (EBITDA) margin is expected to decline to 6.0% from 8.1%. The company said that the guidance is “subject to higher uncertainty than usual” and conditional upon “no further escalation of Covid-19, no further extensive lockdowns or travel restrictions occurring before year-end, a gradual improvement in business sentiment for the remainder of 2020, and business improvement implementation of around Euro28.2m, of which Euro18.8m relate to the previously communicated improvement activities and around Euro9.40m relate to further improvement activities in cement.” It added, “The cement industry has been severely impacted, and the timing and extent of a rebound remain uncertain. Our goal for the cement business is to generate more stable, higher-margin earnings.”
Denmark: FLSmidth has predicted a 55% year-on-year decline in earnings before interest, taxation and amortisation (EBITA) in the first half of 2020 to Euro48.2m from Euro107m. Sales are Euro1.12bn, down by 15% from Euro1.33bn, and order intake was Euro1.33bn, down by 7% from1.42bn. Net debt is expected to have declined by 15% to Euro309m from Euro363m.
The company said, “Across all regions, the mining industry and especially the cement industry have been negatively affected by the pandemic. Even in the regions with easing of lockdowns and mobility restrictions, it is yet unclear how our customers’ spending patterns will advance. Visibility remains low and our guidance remains suspended.”
Pakistan: Power Cement says it has started commercial operation of its new 7700t/day clinker production line at its Nooriabad plant. It completed the procurement and installation of machinery for the new line in mid-2019. It was supplied by Denmark’s FLSmdith.
LafargeHolcim partners with COBOD and GE Renewable Energy to develop taller wind turbines
18 June 2020Switzerland: LafargeHolcim has announced its participation in a project aimed at increasing the height of wind turbine towers by producing larger bases on-site using 3D concrete printing technology. LafargeHolcim will supply concrete for use with Denmark-based COBOD’s 3D printing technology, while US-based GE Renewable Energy backs the project. The method enables bases to exceed the 4.5m maximum diameter necessitated by road transportation. This increases the maximum height of turbine towers by 100% to 200m from 100m, which in turn raises power generation by 33% to 20.2GWh/yr from 15.1GWh/yr.
LafargeHolcim research and development head Edelio Bermejo said, “Concrete 3D printing is a very promising technology for us, as its incredible design flexibility expands the realm of construction possibilities. Being both a user and promoter of clean energy, we are delighted to be putting our material and design expertise to work in this ground-breaking project, enabling cost efficient construction of tall wind turbine towers and accelerating access to renewable energy”