Cement News tagged under: Denmark

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FLSmidth appoints Mikko Tepponen as new chief digital officer

03 March 2020, Published under Cement News

FLSmidth has named Mikko Tepponen as its new chief digital officer, effective 1 June 2020. Mr Tepponen was previously employed by Finland-based Wärtsilä, where he gained extensive experience. He brings to FLSmidth knowledge in digital transformation of industrial companies as well as experience in terms of digital topics such as product development, internal efficiencies, customer behaviour, data architecture and a digital culture. These will also be focus areas for him in FLSmidth. FLSmidt...

FLSmidth reduces workforce by 500

21 January 2020, Published under Cement News

As part of business improvement initiatives announced at the end of last year, current industry caution and delays tied to large capital investments, Denmark-based FLSmidth is adjusting the number of its employees by approximately 500, said the company in a statement. It is expected that around 80 people from the Copenhagen headquarters will be dismissed along with around 420 staff in offices around the world. “Despite a healthy pipeline, this is an unfortunate yet necessary action giv...

FLSmidth appoints new Mining Industry President

13 January 2020, Published under Cement News

Mikko Keto will join FLSmidth as President, Mining Industry and member of Group Executive Management. The appointment comes following Manfred Schaffer’s decision to retire in 2020. Mikko Keto joins FLSmidth from Metso, where he has worked for 10 years of which the last two years as President, Minerals Services and Pumps. He also served as a member of the company's Executive Team. 
 FLSmidth CEO, Thomas Schulz, said: "Mikko Keto will lead the FLSmidth Mining organisation in capturing profit...

FLSmidth announces new CFO

17 December 2019, Published under Cement News

Denmark-based equipment supplier FLSmidth has appointed Roland M Andersen as chief financial officer and member of the group’s executive management. Roland M. Andersen joins FLSmidth from NKT and brings 25 years of experience and new competences through his time as CFO with public as well as private equity owned companies. He held prior CFO roles at AP Moller Maersk, Telenor/Cybercity, Torm and most recently NKT, where he played a key role in leading the company through strategic transform...

FLSmidth adjusts 2019 EBITDA guidance

14 October 2019, Published under Cement News

FLSmidth revises its financial guidance for the full-year 2019. Revenue is now expected to be in the range of DKK20-21bn (US$2.95-3bn). The EBITA margin is now expected to be around eight per cent down from previous estimates of 9-10 per cent. Return on capital employed is now expected to be 10-12 per cent (previously 12-14 per cent). FLSmidth specified that it expected the full-year EBITA margin to be in the lower end of the range of 9-10 per cent due to 'a different development in busin...

IMP Automation Group boosts FLSmidth mining portfolio

04 June 2019, Published under Cement News

Following the approval of the competition authorities, IMP Automation Group has now officially become a part of FLSmidth. With the acquisition, first announced in February, FLSmidth completes its portfolio of automated laboratory solutions for the mining industry. "With the closing of the deal, we can now start the next phase in our product evolution. The benefits of the joint portfolio are immediately available to our customers, and our pipeline is strong. We are confident that our produc...

FLSmidth reports strong order intake in 1Q19

03 May 2019, Published under Cement News

Two large cement orders from Paraguay and Vietnam supported Denmark-based equipment manufacturer FLSmidth’s order intake in the 1Q19. The order backlog expanded to DKK17.8bn (US$2.66bn), the highest level since 2013 and up from DKK13.9bn at the same time last year. "Our order intake and order backlog demonstrate our competitive strength. Each new order is the result of a customer's careful selection of us to deliver and install mission critical equipment or to provide important services to...

Aalborg puts Cementir on a better global footing

23 April 2019, Published under Cement News

This week Aalborg Portland , owned by Cementir Holdings, reported a record turnover in 2018 of DKK8.895bn (US$1.37bn), the highest that the company has achieved, due to higher sales volumes following acquisitions in Belgium and the US. Aalborg’s key role Aalborg Portland's latest results highlight the importance of the Denmark-based company in supporting Cementir Holdings’ operations throughout the world. It is a key part of Cementir’s 3.3Mta white cement capacity and 20 per cent share ...

Aalborg puts Cementir on a better global footing

18 April 2019, Published under Cement News

This week Aalborg Portland , owned by Cementir Holdings, reported a record turnover in 2018 of DKK8.895bn (US$1.37bn), the highest that the company has achieved, due to higher sales volumes following acquisitions in Belgium and the US. Aalborg’s key role Aalborg Portland's latest results highlight the importance of the Denmark-based company in supporting Cementir Holdings’ operations throughout the world. It is a key part of Cementir’s 3.3Mta white cement capacity and 20 per cent share ...

Aalborg Portland posts record turnover in 2018

17 April 2019, Published under Cement News

Denmark-based Aalborg Portland has recorded a five per cent rise in turnover to DKK8.90bn (US$1.37bn) in 2018, compared with DKK8.5bn in 2017, which is the company’s highest-ever turnover. The improvement is due to large acquisitions in Belgium and the US, which with satisfactory returns have been able to compensate for stagnation in construction activity in the Nordic region. "We are proud that in 2018 we have delivered both the highest turnover and the best result in the Group's history...