Displaying items by tag: FLSmidth

India: UltraTech Cement plans to increase the production capacity at its Maihar cement plant by 50%. Denmark-based FLSmidth will carry out the expansion project, which also involves the installation of a new calciner and JetFlex burner, along with other pyroprocessing equipment. The supplier says that the upgrade will facilitate greater alternative fuel substitution at the plant in Madhya Pradesh.

FLSmidth’s cement president Carsten Riisberg Lund said “We are pleased to continue our long-lasting collaboration with UltraTech Cement. With the new upgrades to the pyro sections, installing MissionZero flagship offerings, such as the low-NOx calciner and JetFlex burner, UltraTech makes a significant investment in future-proofing its sustainable production.”

Denmark: FLSmidth has appointed Mikko Keto as its incoming chief executive officer (CEO), with effect from the start of 2022. It follows the resignation of Thomas Schulz. He will leave the company for an external role at the end of 2021.

Keto joined FLSmidth in January 2021 as the president of the mining division. He previously worked for Metso as the president for its mineral services and pumps business area. His prior roles for Metso include Senior Vice President of Spare Parts, Senior Vice President of Performance Services, President of Automation Services and Vice President of Flow Control Services. He also served as a member of the company’s executive team. Earlier in his career, Keto was Head of Sales for the maintenance business unit at KONE Corporation and held senior management and sales positions at Nokia Networks. He holds a master’s degree in economics from the Helsinki School of Economics.

Outgoing CEO Schulz joined FLSmidth in 2013. The company credited him with transforming its model from a predominately capital project organisation to one with more of a focus on service and aftermarket. His tenure has also seen the engineering company pivot towards digital products and those supporting sustainability trends in the cement and mining industries.

Libya: The National Mining Corporation and Abraj Al-Ghad Company have contracted AstroPlan, FLSmidth and Grenzebach for the construction of a five-factory building materials production complex at Bani Walid. The Libya Herald newspaper has reported that the 16,300ha complex will include a new cement plant. The Libyan Ministry of Industry and Materials said that a total of 4000 new jobs will be available at the complex.

Denmark: FLSmidth recorded consolidated sales of Euro1.67bn in the first nine months of 2021, up by 2% year-on-year from Euro1.64bn in the corresponding period of 2020. The supplier recorded a net profit of Euro26.4m, up by 54% from Euro17.1m. Of its two divisions, its cement business’ sales increased more sharply, by 22%.

CEO Thomas Schulz said “The third quarter of 2021 saw strong momentum in order intake. The cement industry is emerging from the pandemic with improved service activity and growing demand for greener solutions. Revenue grew strongly and earnings before interest, taxation and amortisation (EBITA) increased by 72% with an improved EBITA margin in both mining and cement.” He added “Our cement reshaping activities have progressed well and EBITA in cement was positive for the first time since the first quarter 2020.”

India: Shree Cement has hired FLSmidth to supply a 11,5000t/day kiln line for its planned Nawalgarh, Rajasthan, cement plant. The line will consist of a six-stage preheater and a three-support kiln. The supplier will also deliver an OK vertical roller mill, which it says has a 5 – 10% lower energy consumption than a standard vertical roller mill. The project focuses on sustainable productivity and emissions control. Shree Cement has opted for JetFlex burners to give the lowest possible nitrous oxide emissions for various fuel types.

Shree Cement managing director Prashant Bangur said “Based on the experience of working with FLSmidth on the installation of a 9,000t/day pyro system at the Raipur, Chhattisgarh, cement plant earlier this year, we felt confident about approaching Carsten Riisberg Lund and his team regarding the Rajasthan project.” He added “Being recognised as a Sustainability Champion by the World Economic Forum is a testament of our emphasis on sustainability at every stage of our operations. The new line will push that agenda even further in terms of lowering the benchmarks on energy consumption and emissions, and thereby reducing our environmental footprint.”

FLSmidth also supplied a second OK mill for Shree Cement’s operations in Kolkata, West Bengal.

US/Denmark: Chart Industries subsidiary Sustainable Energy Solutions has chosen FLSmidth to help adapt and commercialise its Cryogenic Carbon Capture carbon capture and storage (CCS) system for the global cement industry. The system captures and stores CO₂ from flue gas as a liquid. FLSmidth says that it will use its global reach and process knowledge to accelerate the commercialisation of Cryogenic Carbon Capture and optimise its design for cement plants. It believes the technology can cut 90% of process CO₂ emissions at half the cost and energy consumption of current CCS processes.

FLSmidth cement president Carsten Riisberg Lund said “The cement industry is pursuing all options to reduce its environmental footprint, and CCS is a necessary technology to achieve this goal. Through this agreement with Chart, we lay the foundation for the scale-up and deployment of Cryogenic Carbon Capture technology with our customers. The technology developed by Chart is expected to become the most competitive at scale.” He added “This agreement is a significant leap forward in our joint efforts to enable our customers to reduce their environmental footprint.”

India: Denmark-based FLSmidth has agreed with Germany-based ThyssenKrupp to exclude the latter’s mining activities in India from the final deal in its acquisition of ThyssenKrupp Mining. This reduces the total cost of the transaction by 14% to Euro280m from Euro325m. FLSmidth said that the exclusion of the Indian business will not affect the transfer of its key intellectual property and technologies to the supplier as part of the overall transaction.

Russia: Denmark-based FLSmidth has won a contract with Sebryakovcement for the supply of a grinding mill for its Sebrakovsky cement plant in Volgograd Oblast. The mill will have a capacity of 175t/hr. The supplier plans to commission the mill in 2023.

Denmark: FLSmidth recorded consolidated sales of Euro1.05bn in the first half of 2021, down by 7.0% year-on-year from Euro1.13bn. Its cement business’ sales fell by 17% to Euro346m from Euro419m. The supplier recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of Euro76.9m, up by 6.0% from Euro72.9m. Its total order backlog grew by 10% to US$2.24bn from US$2.05bn. It expects the majority of this to be converted into revenue in 2021. During the second quarter of the year, the company took in an order for Europe’s first full-scale clay calcination installation.

Chief executive officer Thomas Schulz said “Our second quarter showed positive progress across the board: A strong order intake, higher revenue from both service and capital businesses, 50% higher earnings before interest, taxation and amortisation (EBITA), further reduction in net working capital and a strong free cash flow.”

Denmark/Germany: FLSmidth has agreed to buy ThyssenKrupp Industrial Solutions’ mining business (TK Mining) for Euro325m. FLSmidth says it hopes that the acquisition will allow it to create a global mining technology provider with operations from pit to plant. The purchase is also expected to benefit FLSmidth’s aftermarket business. The transaction is expected to complete in the second half of 2022 and it will be subject to approval by competition authorities.

TK Mining is a supplier of solutions for mining systems, material handling, mineral processing and services. It is present in 24 countries with engineering and global service centres, and has close to 3400 employees. In 2020 it reported sales of around Euro780m with around one-third deriving from services.

“TK Mining and FLSmidth are a perfect match, and I am proud to announce this agreement to join forces. This is a truly transformational deal allowing us to accelerate our growth ambitions in mining by creating a stronger talent pool and one of the world’s largest and strongest suppliers to the mining industry. Our complementary customer base and improved geographic coverage will offer a strong value proposition to our customers. There is a significant opportunity in transforming TK Mining towards FLSmidth’s business mix and model in which higher margin service business makes up about 60% of revenue. I look forward to welcoming TK Mining’s management team and talented staff to our organisation,” said Thomas Schulz, group chief executive officer of FLSmidth.