Cement News tagged under: FLSmidth

RSS feed

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...

FLSmidth urge greater efforts needed to create more sustainable cement

11 October 2019, Published under Cement News

Per Mejnert Kristensen, FLSmidth Region president for Asia, spoke about sustainability and the role of the cement industry at the second annual Global Cement and Concrete Association (GCCA) Conference in Singapore. "Leaders in the cement industry are fully aware of the issues concerning sustainability, but we cannot solve these issues individually. We must form closer, new partnerships and leverage each other's diverse competencies, both within and beyond cement, to solve these issues," Mr ...

A new line for FANCESA

21 August 2019, Published under Cement News

Bolivian cement producer FANCESA is expanding its cement capacity with a new line at its Cal Orck’o site. With the new project, the company plans to consolidate its domestic leadership position as well as improve operational efficiency of the plant near Sucre. Fancesa is currently expanding its cement plant at Cal Orck’o, Sucre, Bolivia Bolivian cement producer FANCESA operates a cement plant with a clinker capacity of 2800tpd at Cal Orck’o, near Sucre. The company is currently ...

FLSmidth sees 16% increase in revenue for 2Q19

08 August 2019, Published under Cement News

FLSmidth’s order intake for the second quarter of 2019 reached DKK4.95bn (US$751.5m), a modest decrease of two per cent YoY. Orders included a large cement plant in Morocco and a significant mining order in Australia. The order backlog stood at DKK16.76bn by the end of the quarter, up 16 per cent from the 2Q18. Revenue increased 16 per cent to DKK5.47bn, attributed to the strong order intake and build-up of order backlog in recent quarters. EBITA advanced 28 per cent to DKK487m, while the...

Kenya's Savannah Cement plans KES5bn grinding plant in major expansion plan

15 July 2019, Published under Cement News

Savannah Cement is currently undertaken a KES5bn expansion of its grinding plant at Kitengela, Kenya, according to the company’s MD, Ronald Ndegwa. The project sees the construction of a 1.2Mta grinding unit, which will double the company’s current installed capacity. Central to the plant will be an energy-efficient vertical grinding mill, supplied by FLSmidth. The new facility is expected to be commissioned by the end of the year. “At Savannah Cement, we are banking on the regional ma...

A flurry of activity in the white cement sector

28 June 2019, Published under Cement News

This week ICR reported on FLSmidth’s successful contract award of Al Safwa Cement's project to convert one of its grey production lines to white cement by 2020. The white cement market is providing extra opportunities to Saudi cement producers as demand for grey cement has been subdued and additional revenue streams are needed. Previously, another Saudi cement company, Al Jouf Cement , had spotted the opportunity offered by this profitable niche market. In April, it announced it would con...

FLSmidth to convert one line at Al Safwa Cement to white cement

27 June 2019, Published under Cement News

Al Safwa Cement Co of Saudi Arabia is converting to a dual white and grey cement line, aiming to begin production in early 2020. The flexibility to adapt to market demands is a crucial competitive factor, and the new production capability will allow Al Safwa Cement Co to convert easily between grey or white cement production as necessary.  The contract to convert one of Al Safwa Cement's grey cement kiln lines has been awarded to Denmark-based FLSmidth. This will involve the cost-effectiv...

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...

Xuan Thanh Cement orders new line from FLSmidth

29 March 2019, Published under Cement News

Xuan Thanh Cement has awarded FLSmidth with a DKK550m (US$82.6m) contract for a new brownfield production line at its facility in Ha Nam province, Vietnam. FLSmidth will design and engineer the new clinker production line and deliver equipment for the entire process from crushing to clinker silo. The order is due to be completed by the end of 2020, and once operational the production line will have a capacity of 12,500tpd. In 2015, Xuan Thanh Cement placed a similar order for a product...