Cement News tagged under: FLSmidth

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FLSmidth sees order intake decline 10%

12 February 2020, Published under Cement News

FLSmidth’s order intake declined 10 per cent YoY to DKK19.554bn (US$2.86bn) in 2019, on the back of a decrease in large capital orders due to market uncertainty and a delay in customer decisions, according to a press release. "2019 has been a year of challenges but also successes. We maintained a stable growth in revenue and the service business gained momentum over the year. We see rising demand for our solutions to help customers obtain a more sustainable production, and good progress wa...

VICEM and FLSmidth announce sustainable production agreement

10 February 2020, Published under Cement News

Vietnam National Cement Corp (VICEM) and FLSmidth have announced their cooperation “to pioneer new solutions to significantly improve the sustainability of the cement sector in Vietnam”. The focus of the agreement will be to implement technologies that considerably reduce greenhouse gas emissions, find new alternative fuel solutions and ways to further improve air quality. The cooperation between the two companies includes the commitment to jointly develop industrial-scale innovations to ...

FLSmidth reduces workforce by 500

21 January 2020, Published under Cement News

As part of business improvement initiatives announced at the end of last year, current industry caution and delays tied to large capital investments, Denmark-based FLSmidth is adjusting the number of its employees by approximately 500, said the company in a statement. It is expected that around 80 people from the Copenhagen headquarters will be dismissed along with around 420 staff in offices around the world. “Despite a healthy pipeline, this is an unfortunate yet necessary action giv...

FLSmidth appoints new Mining Industry President

13 January 2020, Published under Cement News

Mikko Keto will join FLSmidth as President, Mining Industry and member of Group Executive Management. The appointment comes following Manfred Schaffer’s decision to retire in 2020. Mikko Keto joins FLSmidth from Metso, where he has worked for 10 years of which the last two years as President, Minerals Services and Pumps. He also served as a member of the company's Executive Team. 
 FLSmidth CEO, Thomas Schulz, said: "Mikko Keto will lead the FLSmidth Mining organisation in capturing profit...

FLSmidth announces new CFO

17 December 2019, Published under Cement News

Denmark-based equipment supplier FLSmidth has appointed Roland M Andersen as chief financial officer and member of the group’s executive management. Roland M. Andersen joins FLSmidth from NKT and brings 25 years of experience and new competences through his time as CFO with public as well as private equity owned companies. He held prior CFO roles at AP Moller Maersk, Telenor/Cybercity, Torm and most recently NKT, where he played a key role in leading the company through strategic transform...

Making carbon neutrality a reality by 2030

08 November 2019, Published under Cement News

This week FLSmidth's released its new sustainability programme, MissionZero, which is offering a number of products and services to help the industry achieve the goal of operating zero emissions cement plants by 2030. To achieve this, further technical breakthroughs and close cooperation with partners, and customers, will be required, but the initiative is part of a wider movement among businesses to place environmental solutions at the heart of their business offerings. FLSmidth: Missio...

FLSmidth China joins WCA as associate member

04 November 2019, Published under Cement News

FLSmidth China, a wholly-owned subsidiary of FLSmidth A/S, has joined the World Cement Association (WCA) as an associate member. "As a leading contributor to cement production around the world, we share responsibility for driving the sector towards more sustainable productivity," said Cyril Leung, country head of FLSmidth China. "We are inspired by the work already done by the WCA to seek collaborative approaches to some of the central environmental and technological issues and opportuniti...

FLSmidth records 3Q19 order intake down 36%

29 October 2019, Published under Cement News

FLSmidth's order intake for the 3Q19 amounted to DKK4571m (US$704.5m), a decline of 36 per cent compared to the 3Q18. The performance is explained by a sharp decline in the capital order intake that was partly offset by a record-high service order intake, combined with the exceptionally strong comparative quarter in 2018 that included two large cement plant orders worth a total of about DKK1.9bn. The order backlog decreased to DKK16,088m from DKK16,762m at the end of 2Q19. The market for ...

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 ...