Cement News tagged under: Denmark

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FLSmidth and CNBM sign framework agreement

19 July 2018, Published under Cement News

FLSmidth and China National Building Material (CNBM) have signed a framework agreement to offer the cement industry more competitive plant solutions. Song Zhiping, chairman of CNBM Group, and Thomas Schulz, Group CEO of FLSmidth, signed the framework agreement at a high-level meeting at the FLSmidth headquarters in Denmark this week. "It was a pleasure to welcome the guests and to participate in such collaborative discussions about future opportunities to work together. Through this framew...

FLSmidth to modernise its Valby HQ offices

04 May 2018, Published under Cement News

FLSmidth is building a new campus in Copenhagen that will be the workplace of more than 1000 people. An agreement signed between FLSmidth and ATP Real Estate marks the first step towards a new, modern campus on the Valby HQ site in Copenhagen.   Converting the property into the new campus will involve a full-scale renovation of the historic buildings facing Vigerslev Allé worthy of preservation combined with the addition of brand new office facilities.   "Our existing buildings do not meet ...

FLSmidth reports positive overall results

08 February 2018, Published under Cement News

FLSmidth released its annual report on Wednesday and reported a five per cent order increase to DKK19.17bn (US$3.15bn) in 2017, driven by stronger offtake in the minerals division in 2H17 and by total service activities, but revenue declined one per cent to DKK18bn. Full-year EBITA advanced 18 per cent YoY to DKK1.515bn from DKK1.289bn in 2016, while the corresponding EBITA margin rose from 7.1 to 8.4 per cent. 

"2017 probably marked the trough of the business cycle, and based on our goo...

FLSmidth reports higher EBITA margin despite lower revenue

10 November 2017, Published under Cement News

Denmark-based FLSmidth reported a 14 per cent fall in revenues in 3Q17 to DKK4101m (US$ 642.4m) from DKK4774m in 3Q16. While gross profit decreased by nine per cent to DKK1065m and EBITA was off by two per cent to DKK336, the company saw its EBITA margin improve from 7.2 per cent in 3Q16 to 8.2 per cent in 3Q17 on the back of a higher gross margin and a significantly-lower cost base. However, net profit receded from DKK170m in 3Q16 to DKK23m one year later. FLSmidth’s order intake grew...

FLSmidth: large shareholder announcement

06 September 2017, Published under Cement News

FLSmidth has been informed that Novo Holdings A/S on behalf of the Novo Nordisk Foundation has reduced its holding of FLSmidth shares to a total of 5,100,000 FLSmidth & Co. A/S shares, which corresponds to 9.95 per cent of the total nominal share capital in FLSmidth & Co. A/S.

FLSmidth reports 11% rise in revenue

10 August 2017, Published under Cement News

FLSmidth reported an 11 per cent rise in revenue and a 25 per cent increase in EBITA in the 2Q17, driven by continued momentum in in orders from service activities. Consolidated order intake grew by five per cent in the three month period while revenue rose to DKK4585m from DKK4135m a year earlier. The growth was attributable to all divisions but Minerals, as mining capital investments remained soft despite a firmer sentiment and an improved order pipeline, the company said in a statement....

FLSmidth to acquire part of Sandvik Mining Systems

13 July 2017, Published under Cement News

FLSmidth has reached an agreement to acquire a part of Sandvik Mining Systems. This includes continuous surface mining and minerals handling technologies and competences that will strengthen the Group's core minerals business, FLSmidth said in a statement. "The pending acquisition enables FLSmidth to improve productivity for its customers by closing a gap and cover a wider range of the full mining value chain – from the primary crushing point in the mining pit and the transport from mine t...

Hansen resigns as FLSmidth Group Executive VP

19 May 2017, Published under Cement News

After 15 years as Group Executive Vice President at FLSmidth, Bjarne Moltke Hansen has decided to leave FLSmidth. Bjarne has been with FLSmidth since 1984 where he started his career holding various managerial positions in Unicon A/S over a period of 11 years. After that he held the position as CEO of Cembrit Holding A/S for five years before taking up the position as CEO of Aalborg Portland Holding A/S in 2000. In 2002 Bjarne took on the position as Group Executive Vice President, Custome...

FLSmidth sees strong momentum in service activities continue in 1Q

10 May 2017, Published under Cement News

FLSmidth achieved its highest quarterly order intake from total service activities since 2012 reporting strong moment continued into the first quarter of this year. "The growing momentum in the global economy is filtering through to FLSmidth's service business, while demand for equipment and projects remains largely unaffected. Based on our extensive knowledge from projects, products, and services, we continue to improve our competitive edge and assist our customers in their pursuit of en...

Eurocement eyes Denmark and Britain markets

16 June 2016, Published under Cement News

“Contracts in Denmark and Britain are forthcoming,” according to Eurocement’s CEO, Mikhail Skorokhod, as the company expands its global reach. Since the end of 2016, the Russian cement producer has been exporting increasing volumes to Finland and the Baltic states. “In Finland our share has already reached five per cent  of the market, and in our view, that is a very good result," he said in an interview with PwC. “The devaluation of the ruble creates opportunities to expand exports.” ...