Displaying items by tag: FLSmidth

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.

Indonesia: FLSmidth has received an order worth Euro40m from PT Semen Padang for a cement production line with a capacity of 8000t/day. The plant is located in Indarung, just outside the city of Padang in West Sumatra.

The order includes equipment for the main part of the production line, including a raw mill, coal mill, preheater, kiln, burner, clinker cooler and silo equipment as well as a complete control system for the entire plant. This new line will be the sixth line at the plant site. Four of the other five lines at the plant were supplied by FLSmidth.

PT Semen Padang is part of Semen Indonesia Group, Indonesia's largest cement producer with a total cement production output of 30Mt.

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%.

Qatar: FLSmidth has signed a Letter of Intent with the Qatar National Cement Company (QNCC) for the supply of a cement plant in Qatar. FLSmidth has confirmed that if and when the contract is finalised and becomes binding, the market shall be immediately informed. To be considered binding the contracts, down payments and guarantees must be signed and exchanged.

Denmark: FLSmidth will cut a further 130 jobs in Denmark in addition to the 1100 job-cut announced in August 2013, according to Reuters. The cement plant manufacturer said the redundancies were caused by the development in the market for cement factories in Europe, the Middle East, Africa and Asia-Pacific. A spokesman for FLSmidth declined to comment on whether the company is planning to cut more jobs outside of Denmark.

Nigeria: FLSmidth and its affiliated companies have signed contracts with Nigerian cement producer Dangote Cement plc for the operation and maintenance of certain production lines at its cement plants in Nigeria for five years. The parties have agreed not to disclose the value of the contracts.

The contracts, which together constitute the largest operation and maintenance contract awarded to FLSmidth to date, are for the operation and maintenance of the plant from crusher to packaging, including a full upgrade of the automation control systems. FLSmidth will start the operation and maintenance at one of the plants around April 2014. The operation and maintenance of the other lines will follow subsequently.

"These orders underline FLSmidth's abilities and growing role as operator of cement plants. In choosing FLSmidth for the operation and maintenance of its cement plants, the Dangote Group placed great emphasis on our focus on the use of local manpower and training, including our proven ability to train large numbers of staff through FLSmidth Institute - the current contracts include a workforce of around 1000 people," said Bjarne Moltke Hansen, FLSmidth Group Executive Vice President.

Dangote Cement is the largest cement producer in Nigeria, with more than 60% of the market share. Currently the fastest growing cement producer in Africa, Dangote Cement is projected to have a production capacity of around 50Mt/yr by 2016.

Mongolia: A president of the Mongolian Alt Corporation (MAK) has announced that the Khukh Tsav cement plant will be able to produce 2Mt/yr of cement from 2014. At a state visit to the site by the Minister and the state secretary of the Construction and Urban Development Ministry, Ts Bayarsaikhan and R Erdeneburen, B Nyamtaishir of MAK asked that a quota of foreign workers be allowed to work at the plant.

Engineering firm FLSmidth has been contracted to provide machinery for the project. Once operational PC42,5 PC52,5 and PC62,5 cement will be produced at the cement plant located in Dalanjargalan Sum, Dornogovi aimag in the south-east of the country.

Qatar: FLSmidth has confirmed reports in the Qatari media that it has entered into an agreement with Qatari Investors Group to supply equipment and machinery for a cement plant in Qatar. The Danish cement plant manufacturer provided no further details although it intends to inform the market when a contract is finalised and becomes binding.

According to local media Qatari Investors Group has entered into an agreement with FLSmidth and the CNBM International for a US$190m expansion of its subsidiary, Al Khaliji Cement. The cement plant's second line will double its clinker production capacity to 12,000t/day and its cement production capacity will rise to 14,000t/day.

Oman: Oman Cement has disclosed that it intends to award the contract for supply and installation of a new 150t/hr cement mill to FLSmidth. FLSmidth separately confirmed that a letter of intent had been signed by Oman Cement, although final negotiations remain to be completed. No price for the contract has been released.

Other announcements from the Oman-based cement producer include an upgrade of kiln 1 to increase production and improve pollution control. Oman cement also plans similar pollution control improvements to kiln 2 with the aid of a consultant.

Denmark: Cement plant manufacturer FLSmidth has announced that Virve Elisabeth Meesak has been appointed to a newly created position in Group Executive Management as Group Executive Vice President, Global Human Resources. She will take up her new position on 1 September 2013. The new role has been created in an effort to effectively strengthen the FLSmidth Group's competitiveness by focusing more on strategic human resource management.

Meesak, 53, is a Swedish citizen and has been an independent Human Resource consultant specialised in change management, leadership training and executive coaching since 2010. Between 2008 and 2010 she was Human Resource Director for Alstom Power Services (North East Europe) and from 2005 to 2008 she held the position of Vice President (Human Resources) at Sandvik Mining and Construction AB. Prior to 2005 Meesak had a number of other vice president roles.