Cement News tagged under: Denmark
Aalborg Portland reduces its CO2 emissions by more than 0.5Mta in 2 years20 March 2024, Published under Cement NewsAalborg Portland reported a reduction in its CO 2 emissions by 274,512t in 2023, representing a 13.9 per cent decrease compared to 2022, when 1,981,749t of CO 2 were emitted. Over the past two years, the company has successfully reduced its CO 2 emissions by 543,394t (-24.1 per cent), marking significant progress towards its goal of cutting emissions by 1.6Mt of CO 2 by 2030, compared to its 2021 emissions baseline. Steps taken by the company to reduce CO 2 emissions include inc... |
CCUS project gets underway in Denmark12 March 2024, Published under Cement NewsResearchers in Denmark are currently testing a new technology that aims to significantly reduce CO 2 emissions from the cement industry. Forming part of the NEWCEMENT initiative, this latest project tests the implementation of a process technology that uses pure oxygen in the cement combustion process. It marks a collaboration between the Technological Institute, DTU, FLSmidth Cement and Lhoist, which owns Faxe Kalk A/S and is part of the INNO-CCUS partnership. Jens Christiansen at th... |
FLSmidth Cement closes MAAG gears sale05 March 2024, Published under Cement NewsWith reference to the announcement made on 22 January 2024, FLSmidth Cement has now closed the sale of its MAAG gears and drives business to the Swedish investment company, Solix Group AB. The transaction does not change FLSmidth’s previously-announced financial guidance for the full year 2023. |
FLSmidth reports 39% increase in net profit22 February 2024, Published under Cement NewsIn its consolidated results of 2023, Denmark-based FLSmidth reported a 10 per cent increase in revenue to DKK24,106m from DKK21,849m in 2022. The company’s gross profit increased by 20 per cent YoY to DKK6087m from DKK5076m in 2022, resulting in an improved profit margin of 25.3 per cent in 2023 from 23.2 per cent in the previous year. EBITA increased from DKK943m in 2022 to DKK1438m in 2023 while net profit increased by 39 per cent YoY to DKK491m from DKK352m. Mining order intake decreas... |
Cementir posts 2023 preliminary unaudited EBITDA of EUR421.9m09 February 2024, Published under Cement NewsCementir Holding Group reports preliminary unaudited results for 2023. EBITDA reached the historic record of EUR421.9m, up 25.4 per cent compared to the EUR336.3m of 2022, following the improved results achieved in all geographical areas with the exception of the United States. The EBITDA margin was 24.5 per cent compared to 19.5 per cent in 2022. Net financial income totalled EUR15.8m (income of EUR11m in 2022). Revenue in 2023 reached EUR1694.2m, down 1.7 per cent compared to 2022. Prof... |
FLSmidth reports 2023 cement revenues of DKK6bn31 January 2024, Published under Cement NewsFLSmidth has released its 4Q23 and full-year 2023 preliminary and unaudited results. The cement business recorded revenues of DKK1.4bn (US$203.3m) in the 4Q23 and DKK6bn in 2023. EBITDA margin for the cement business grew by 7.4 per cent in the 4Q23 and by 6.7 per cent in 2023. The order intake for the 4Q23 in the cement business totalled DKK1bn and in 2023 it reached DKK4.9bn. In a statement the company stated, "We expect the short-term outlook for the cement industry to remain impact... |
FLSmidth looks at possible divestment options in Cement business30 January 2024, Published under Cement NewsFLSmidth will explore the available divestment options for its Cement business to maximise the division’s full potential and strengthen the market leading position of its Mining business. Over the past year, FLSmidth has simplified and rightsized the Cement business to further strengthen its market-leading position, improve profitability and make it fit-for-purpose with a strategic focus on the core products and services required in the cement industry. The company says it continues to bel... |
FLSmidth sells MAAG to Solix23 January 2024, Published under Cement NewsFLSmidth Cement sold its MAAG gears and drives business to Sweden-based investment company, Solix Group AB. The transaction is expected to close during the 1Q24 and includes all related assets, including intellectual property, technology, employees and customer contracts. The divestment of the MAAG business is in line with FLSmidth Cement’s GREEN’26 strategy, which in combination with a greater strategic focus on the Service business includes focussing the product portfolio on the core tec... |
Aalborg Portland's CCUS plant to get Royal inauguration24 November 2023, Published under Cement NewsAalborg Portland (Cementir Group) is preparing to welcome His Royal Highness the Crown Prince of Denmark on 27 November for the official inauguration of its new CO 2 capture plant, an EU-supported collaboration called ConsenCUS. The project will test new technology for carbon capture, utilisation and storage (CCUS) that aims to reduce the energy consumption and ensure a better utilisation of the collected CO 2 . The new CCUS plant, which will initially have the capacity to capture up t... |
FLSmidth's group revenue rises 2% in 3Q2313 November 2023, Published under Cement NewsFLSmidth's consolidated group revenue increased by two per cent in the 3Q23 compared to the 3Q22. Adjusted for integration costs of DKK119m (US$17m), the EBITA margin was 10.1 per cent in the 3Q23. Including integration costs, the EBITA margin was eight per cent in the 3Q23 compared to 5.9 per cent in the 3Q22. Excluding the AFT divestment gain, the underlying EBITA margin was 6.3 per cent. The Non-Core Activities (NCA) divestment to KOCH Solutions had no material impact on EBITA for the qua... |