Cement News tagged under: Denmark
Aalborg Portland signs letter of intent on CO2 storage hub12 June 2023, Published under Cement NewsAalborg Portland and Fidelis New Energy have signed a letter of intent enabling the cement producer to potentially supply more than 400,000t of CO 2 to the Norne Carbon Storage Hub in Aalborg through a direct pipeline connection by 2030. Norne is Denmark's first large-scale facility for handling captured CO 2 in Aalborg and was announced by Fidelis in May this year. "We have been closely following Fidelis' plans for the construction of Denmark's first large-scale CO 2 handling facil... |
FLSmidth acquires Morse Rubber02 June 2023, Published under Cement NewsFLSmidth has acquired Morse Rubber. Based in Iowa, USA, Morse Rubber manufactures and markets specialised, heavy-duty rubber products for mineral processing, among others. As the global market leader in large grinding mills, FLSmidth has a clear ambition of strengthening its service offerings around these products, especially for mill liners where FLSmidth has been capacity constrained in some regions. The Morse Rubber competences will be adding advanced moulding capabilities... |
FLSmidth reports 6% rise in cement revenue in 1Q2312 May 2023, Published under Cement NewsIn the 1Q23 FLSmidth’s cement revenue increased by six per cent excluding currency effects, and by nine per cent excluding Russia, when compared to the 1Q22. Cement EBITA continued the positive trend and increased by 28 per cent compared to the equivalent period in 2022. The corresponding Cement EBITA margin was 4.3 per cent in the 1Q23. Consolidated group revenue increased by 27 per cent excluding currency effects, and by 39 per cent excluding Russia, compared to the 1Q22. When adjusting... |
Cementir posts 1Q23 revenue of EUR414.8m10 May 2023, Published under Cement NewsCementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR63.9m, a rise of 50.7 per cent when compared with the 1Q22. Meanwhile, net debt stood at EUR32.1m at 31 March 2023. Operating costs rose by 2.8 per cent to EUR342.5m when compared to EUR333.1m in the 1Q22. The cost of raw materials rose by 5.5 per cent YoY. Cement volumes (white and grey) totalled 2.34Mt, a f... |
Cementir reports significant revenue increases in Europe in 202213 March 2023, Published under Cement NewsCementir's regional results showed significant revenue increases in Turkey, Europe, US and Malaysian markets. However, cement sales were under pressure in most regions. Cementir ’s Danish sales revenues in 2022 reached EUR509.8m, up 23.2 per cent compared to EUR413.9m in 2021, due mainly to the rise in sales prices. Overall cement volumes decreased by six per cent compared to previous year. White cement exports declined by 29 per cent. Ready-mixed concrete volumes in Denmark fell by five... |
Cementir announces record revenues of EUR1721m in 202210 March 2023, Published under Cement NewsCementir announced historical group revenues in 2022 from sales and services totalling EUR1720.9m, up 26.5 per cent on EUR360m in 2021. The increase in revenue is mainly due to the price policy to mitigate the exceptional increase in the costs of fuel, electricity, raw materials, transport and services. It should be noted that at constant 2021 exchange rates revenue would have been equal to EUR1854m, up by 36.3 per cent compared to the previous year. EBITDA reached an all-time r... |
Geminor HUB supplying Aalborg Cement has record year09 March 2023, Published under Cement NewsGeminor's waste treatment HUB in Aalborg, Denmark, processed 99,538t of waste in 2022. Last year, the waste treated in the Aalborg HUB went to 10 different off-takers, the biggest being the Aalborg Portland cement factory which receives tailor-made SRF as secondary fuel. The Aalborg HUB was actually closed down in 2019 due to low activity but was soon after moved to a bigger location and reopened when Geminor’s partnership with Aalborg Portland was extended. Since then, Gemini has be... |
FLSmidth report 3% EBITA margin growth for cement in 202227 February 2023, Published under Cement NewsFLSmidth announced a positive 3.3 per cent EBITA margin improvement for its cement division in 2022, compared to -0.3 per cent in 2021. Cement EBITA amounted to DKK204m (US$29m) in 2022 compared to DKK-19m in 2021. Cement revenue increased by two per cent YoY organically and by seven per cent including favourable currency effects, reported FLSmidth. Cement EBITA continued the positive trend seen during 2022, driven by the increased revenue and higher gross margin. The company ann... |
Cementir reports 27% revenue rise in 202209 February 2023, Published under Cement NewsCementir reported consolidated 2022 group r evenue at the record level of EUR1720.9m (US$1851.4m), up by 26.5 per cent compared to EUR1360m in 2021. EBITDA reached the record level of EUR355m, up by 14.2 per cent on 2021. EBIT, after amortisation, depreciation, impairment losses and provisions of EUR119.4m (EUR113.2m in 2021), amounted to EUR235.6m, up by 19.1 per cent from EUR197.8m in the previous year. Profit before taxes was EUR247.6m, an increase of 43.9 per cent compared to ... |
FLSmidth announces 4Q22 and 2022 results19 January 2023, Published under Cement NewsFLSmidth announced that its full-year 2022 preliminary and unaudited results are in line with guidance, the cement sector recording DKK1.6bn (US$232.7m) in revenues in the 4Q22 and DKK6.3bn (US$916.2m) in 2022. EBITDA margin totalled 4.3 per cent in the 4Q22 for cement and 3.3 per cent for the 2022. The 4Q22 and 2022 results included costs related to the thyssenkrupp mining acquisition of DKK125m and DKK252m, respectively. In addition, the 4Q22 and 2022 results include costs related to wi... |