Displaying items by tag: Finland

Finland: Tana has appointed Kari Liuska as its chief executive officer (CEO) with effect from 1 May 2020. Present CEO and owner Kari Kangas will continue as chairman of the board.

Liuska will transfer to Tana from Etteplan Oyj, where he worked as a Senior Vice President in Software and Embedded Solutions. Liuska has worked in Etteplan's management positions since 2016 and before that as managing director of Espotel.

Kangas, the owner-CEO of Tana Oy, will become the full-time chairman of the board. A smooth transition is anticipated as Liuska has been a member of the board of Tana for around one year.

Tana is a waste management company that produces landfill compactors, waste shredders and waste screening technologies.

Finland: Machinery manufacturer Metso Corporation has announced plans to consolidate its European warehouse operations, currently spread over Norway, Sweden, the UK, France, Spain, the Czech Republic, Turkey and Russia, into a single location. Metso Corporation customer logistics senior vice president Jarkko Aro said the move ‘would also enable considerable savings in end-to-end freight costs and reduced CO2 emissions.’ 40 employees are potentially affected. Metso Corporation has not disclosed any locations under consideration for the facility.

Finland: Metso has appointed Giuseppe Campanelli as President, Minerals Services business area and a member of its executive team. Previously he was a member of the Minerals Services business area management team heading Professional Services. It has also appointed Kalle Sipilä as President, Pumps business area and a member of the executive team. Prior to this, he was operationally in charge of the pumps business area in addition to his role as head of Finance and Business Control of the Minerals Services business area.

The new appointments follow the resignation of Mikko Keto, Metso’s former president of its Minerals Services and Pumps business areas.

China/Finland: Metso Corporation has announced that it will complete its takeover of Shaorui Heavy Industries with the exercise of its call option over 25% of shares. Markku Simula, President of the Aggregates Equipment division of Metso, has expressed the company’s high expectations of Shaorui, one of China’s ‘leading mid-market crushing and screening equipment producers.’ The purchase will be completed in late 2019.

Finland: Metso and Outotec have agreed to merge Metso Minerals and Outotec to create a company specialising in process technology, equipment and services serving the minerals, metals and aggregates industries. The new company will be called Metso Outotec. Metso Flow Control will be excluded from the merger and renamed as Neles and run as a separate company. The companies comprising Metso Outotec had combined sales of around Euro3.9bn in 2018.

The merger will be implemented through a partial demerger of Metso, in which all assets and liabilities of Metso that relate to Metso Minerals will transfer to Outotec in exchange for newly-issued shares in Outotec to be delivered to Metso shareholders. Outotec shareholders will continue to own their shares in Outotec.
The transaction will be dependent on shareholder and regulatory approval. The process is expected complete in the second quarter of 2020.

The current chief executive officer (CEO) of Metso, Pekka Vauramo, will become Metso Outotec’s CEO, and the current CEO of Outotec, Markku Teräsvasara, will become the Deputy CEO of Metso Outotec. Eeva Sipilä will become the chief financial officer (CFO) and Deputy CEO of Metso Outotec. The board of Metso Outotec will include board members from both companies. It is proposed that Metso Outotec’s chairman will be Mikael Lilius and that the Vice Chairman will be Matti Alahuhta.

“Today is an exciting day as we announce the transformational combination of two great companies and simultaneously create an independent leader in flow control. The combination of Metso and Outotec is a unique opportunity to deliver significant value for our shareholders with a broad presence across minerals, metals and aggregates value chains and an even stronger platform for growth and innovation,” said Mikael Liliu.

Iraq: Al Shumookh Lucky Investments, a subsidiary of Pakistan’s Lucky Cement, has ordered a power pant from Finland’s Wärtsilä for its Najmat Al-Samawa cement plant. The equipment is scheduled for delivery towards the end of 2019, and the plant is expected to become fully operational during the third quarter of 2020. No price for the order has been disclosed.

The power plant will operate on two Wärtsilä 32 engines running on locally-available heavy fuel oil (HFO) with diesel as a back-up fuel. The engine is designed to operate with reduced fuel and water consumption in hot climates.

Nigeria: BUA Group has ordered a 48MW power plant from Finland’s Wärtsilä for a new production line at its Sokoto cement plant. The power plant will operate without connection to an electricity grid and it will operate on five Wärtsilä 34DF dual-fuel engines, running primarily on liquified natural gas (LNG) but with the capability to switch to low pour fuel oil (LPFO) if necessary. The site’s two existing power plants operate on heavy fuel oil (HFO).

The Wärtsilä equipment is scheduled for delivery at the end of 2019, and the new plant is expected to become operational in mid-2020. No price for the order has been disclosed.

Latvia: Cemex Latvia will be renamed as Schwenk Latvija following its acquisition by Germany’s Schwenk in February 2019. In Sweden Cemex’s operations will be renamed to Schwenk Sverige, in Norway to Schwenk Norge and in Finland to Schwenk Suomi, according to the Latvian News Agency.

The Euro340m deal included one 1.7Mt/yr integrated cement plant in Broceni, Latvia, as well as four aggregates quarries, two cement quarries, six ready-mix concrete plants, one marine terminal and one land distribution terminal in that country. The assets divested also include Cemex’s approximate 38% indirect interest in a 1.8Mt/yr cement plant in Akmene in Lithuania. In addition, the exports business to Estonia is also included as part of the divestment.

World: FCT Combustion has released details on new burner projects it is involved with. Selected projects include a new contract in the US to convert both kilns to natural gas firing at Ash Grove Cement’s Louisville plant in Nebraska. The order includes Gyro-Therm MKII Burners, Natural Valve Trains and NFPA 86 BMS for both kilns.

Nova Cimangola in Angola has contracted FCT to convert its 5000t/day kiln to fuel oil firing. The order includes a multi fuel main burner, calciner burners, oil heating units, oil pumping and filtering units and control panels.

FCT also provided details about a low NO_x kiln conversion for an undisclosed client. Other selected cement sector projects include the commissioning of Turbu-Flex burner systems for clinker kilns at Finnsementti’s Parainen and Lappeenranta plants in Finland. These are scheduled for commissioning in March 2019 and April 2019 respectively. Baumit’s Wopfing plant in Austria is due for a natural has lance for kiln preheating to be delivered later in March 2019.

It also plans to deliver a Turbu-Flex burner system for a clinker kiln to an undisclosed client in China later in March 2019. It is based on a computational fluid dynamics (CFD) study undertaken by FCT is to allow for the firing of natural gas and to modernise the plant. Commissioning is scheduled for March 2019.

Europe: Cemex has signed a deal to sell its assets in the Baltic and Nordic countries to Germany’s Schwenk for Euro340m. The transaction is expected to complete within the first quarter of 2019, subject to regulatory approval.

The Baltic assets being divested consist of one 1.7Mt/yr integrated cement plant in Broceni, Latvia, as well as four aggregates quarries, two cement quarries, six ready-mix concrete plants, one marine terminal and one land distribution terminal in that country. The assets divested also include Cemex’s approximate 38% indirect interest in a 1.8Mt/yr cement plant in Akmene in Lithuania. In addition, the exports business to Estonia is also included as part of the divestment.

The Nordic assets being divested consist of three import terminals in Finland, four import terminals in Norway and four import terminals in Sweden.