Cement News tagged under: Denmark

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FLSmidth expects pick-up in cement order intake in 2015

13 May 2015, Published under Cement News

FLSmidth reported a 39 per cent decline in cement order intake for the first quarter of 2015 but, based on the current order tender activity, the group still expects the division's full-year order intake to be higher than last year. In its interim report released last week, FLSmidth reported a decline in both total revenue and order intake of three per cent over Jan-March 2015 period, despite currency tailwind. The drop in revenue was related to the Minerals division as a consequence of a l...

FLSmidth concludes Cembrit sale

02 February 2015, Published under Cement News

FLSmidth has now successfully closed the divestment of Cembrit to Solix Group AB, to sell all shares in Cembrit Holding A/S at a price of DKK1.1bn (enterprise value on a debt-free basis). Cembrit is one of the leading distributors and manufacturers of fibre-cement products in Europe. The deal was initially announced in mid-January 2015 and concludes FLSmidth's divestment of building materials companies.

FLSmidth sells Cembrit Holding A/S

13 January 2015, Published under Cement News

FLSmidth has signed an agreement with a company in the Solix Group AB to sell all shares in Cembrit Holding A/S, one of the leading distributors and manufacturers of fibre-cement products in Europe, for DKK1.1bn (EUR147.9m). The sale of Cembrit concludes FLSmidth's divestment of building materials companies, a process that started 10 years ago by the divestment of Aalborg Portland and Unicon. The buyer of Cembrit is a consortium of investors headed by Solix Group AB. Solix' strategy ...

FLSmidth maintains 2014 guidance

14 August 2014, Published under Cement News

FLSmidth has reviewed and approved the company’s interim report for the six months to 30 June 2014, maintaining its 2014 guidance and noting a significant improvement in margins. However, its order intake declined declined due to a lack of large orders, whereas announced orders were stable. In 2Q14 FLSmidth's order intake fell by 17 per cent to DKK4643m and the order backlog fell by 20 per cent to DK21,713m. Revenue was down 19 per cent to DKK5577m. EBITA increased 52 per cent to DK472m, c...

Corporate restructuring at FLSmidth

14 August 2014, Published under Cement News

FLSmidth has announced a number of organisational structure changes, as well as adjustments to the Group Executive Management. The new organisation will consist of the four divisions. The Material Handling and Mineral Processing divisions will be merged into a Minerals division. Cement and Customer Services will be maintained as separate divisions. A new Product Companies division will be created to foster globalisation and growth of FLSmidth's unique product brands. FLSmidth said the new...

Cementir offsets a weaker Italy by better markets elsewhere

06 February 2014, Published under Cement News

Cementir Holding's turnover improved by 1.3 per cent to  EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m.  As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items.  The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ...

New member of FLSmidth Group Executive Management

10 January 2014, Published under Cement News

FLSmidth announced that Eric Thomas Poupier has been appointed to a newly created position in Group Executive Management as Group Executive Vice President, Business Development and will take up his new position 15 January 2014.   Eric Thomas Poupier, age 37, is a French citizen and has since 2011 been a Manager at Bain & Company in Stockholm managing projects for Nordic clients. From 2007 to 2011 Eric Poupier was a consultant for Bain & Company in Stockholm specialised in reorganisation, gro...

FLSmidth releases interim report 1H13

23 August 2013, Published under Cement News

Danish turnkey supplier FLSmidth announced that its 1H13 order book has slipped, while revenues are also down. The company said : "Cement earnings were significantly below last year as expected. Order intake decreased 30 per cent, but revenue increased 37 per cent, whereas EBITA decreased 37 per cent." FLSmidth had expected the market to remain fairly subdued between January-June 2013 and it saw no major shifts in demand for new orders. "The overall market stayed subdued, but good region...

FLSmidth CEO to retire in 2013, Denmark

04 December 2012, Published under Cement News

Jørgen Huno Rasmussen, age 60, Group CEO of FLSmidth & Co A/S since 2003, is to retire in mid-2013, 10 years after agreeing to join FLSmidth as Group CEO. Following news of Mr Rasmussen's impending departure, Vagn Ove Sørense, chairman of the board of FLSmidth, said: "On behalf of the board, I wish to express my sincere gratitude to Jørgen Huno Rasmussen for his decisive contribution to the successful turnaround and development of the FLSmidth Group and for his dedicated leadership over 10...

FLSmidth secures funding for R&D investments

18 October 2012, Published under Cement News

FLSmidth has signed a loan agreement totalling EUR130m with the Nordic Investment Bank (NIB). The loan is earmarked for investments in research and development activities.   The seven-year-maturity loan will finance FLSmidth's global research and development programme in the period of 2013-2015. The R&D programme will focus on development of new products, enhanced energy efficiency and use of materials and fuels in the production process, and reduction of harmful emissions. The total budget ...