Cement News tagged under: Denmark

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FLSmidth 2Q operating profit hit by one-off writedown

17 August 2012, Published under Cement News

FLSmidth reported a drop in operating profits for the second quarter hit in part by a one-off writedown. EBIT fell to DKK 349m (US$57.78m) in April-June from DKK404m in the second quarter last year. The result, which was hit by a DKK188m writedown on capitalised research and development. Revenue for the period increased 26 per cent to DKK6036m, attributable to positive developments in all segments except for cement where revenue fell seven per cent - reflecting the decline in order int...

FLSmidth acquires Decanter Machine, USA

16 August 2012, Published under Cement News

FLSmidth has today signed an agreement to acquire the privately owned company Decanter Machine, Inc, a United States based manufacturer and supplier of centrifugal technology to the global minerals industries. The transaction is subject to rezoning of a portion of real estate which is expected to occur in September. The parties have agreed not to disclose the value of the transaction.   Decanter is recognised as the global leader in the manufacture of screen bowl, solid bowl and hyperbaric c...

FLSmidth falls on weaker China outlook

24 July 2012, Published under Cement News

FLSmidth & Co fell the most in eight weeks in Copenhagen on the outlook for slowing demand for its products as China’s expansion cools, according to Bloomberg reports. The shares slid as much as four per cent, the biggest decline since June 1. They dropped 3.3 per cent, making it the fourth-biggest loser in the Copenhagen 20 Index, to DKK332.3 as of 2:09pm in the Danish capital. Growth in China may slow for a seventh straight quarter to 7.4 per cent in the three months to September, sa...

Cementir entering Britain

05 July 2012, Published under Cement News

The Italian cement and aggregates group Cementir is entering the British market – not in cement or aggregates, but in waste management through its Turkish subsidiary Recydia. In Turkey, Recydia collects refuse to burn in its immediate parent's cement kilns.  Recydia has invested GBP8.9m (€11m) in buying a company collecting and recycling municipal and industrial waste in Manchester, Liverpool and Lancashire in the north of England.  The burning of waste in Britain's cement kilns has, ...

Nordic stability lies ahead

24 March 2012, Published under Cement News

The Nordic cement markets comprising Sweden, Norway, Finland, Demark, Estonia, Latvia and Lithuania have many modern cement plants operating kilns with some of the highest alternative fuel substitution rates. The region also has a wealth of cement terminals and grinding stations, encouraging strong trade, especially via sea routes. Sweden, Norway and Finland are the three biggest Nordic cement markets, with Denmark a distant fourth in terms of cement demand. The three Baltic countrie...

FLSmidth to appoint new Group Executive Vice President

23 March 2012, Published under Cement News

Carsten R Lund will be appointed new Group Executive Vice President of FLSmidth & Co and member of the Group Executive Management in July 2012, when Mr Christian Jepsen resigns to join Alcoa, one of FLSmidth's global mining customers.   Carsten Lund will be heading the new global Bulk Materials Division that was formed as part of the new FLSmidth Group structure announced on 21 February 2012 and will be relocating from the head offices in Denmark to the global technology centre for material ...