Cement News tagged under: FLsmidth

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FLSmidth reports 55% increase in 1Q EBITA

15 May 2024, Published under Cement News

FLSmidth posted a 1Q24 total revenue of DKK4839m, down 19.6 per cent YoY from DKK6016m. Total order intake was down 6.8 per cent YoY to DKK5248m from DKK5632m. However, EBITA increased by 55.3 per cent to DKK365m in the 1Q24 from DKK235m. The EBITA margin stood at 7.5 per cent. Cement Cement order intake was down 22.5 per cent YoY to DKK1042m in the 1Q24 from DKK1344m in the 1Q23. Product order intake fell by 40 per cent YoY, partly due to the continued reduction in its portfolio and exi...

FLSmidth wins 5-year supervisory support agreement with SSBIL

18 April 2024, Published under Cement News

FLSmidth will provide expertise and supervisory support to SSBIL for its operations and maintenance contract with Abayak Cement ’s plant in Akoga , on the mainland of Equatorial Guinea. The plant’s main equipment was designed and supplied by FLSmidth several years ago, including an OK™ Mill, a ROTAX-2 ® Kiln, Cross-Bar ® Cooler, Pfister ® dosing systems, Ventomatic ® packing plant and our Automation control systems.  Installation was completed in 2016. However, due to local issues reg...

Gharibwal Cement achieves a gross profit of PKR1.499bn in 1HFY23-24

05 March 2024, Published under Cement News

Gharibwal Cement Ltd (GWLC) of Pakistan announced its half-year financial results ending 31 December 2023, on 26 February 2024. The company saw a decrease in its profit to PKR685m (US$2.45m) in 1HFY23-24 from PKR1.12bn earned in the same period last year. This translated to a fall of 39.2 per cent in profit YoY. The major factor responsible for this fall was the increased cost of sales and other factors. According to the company's latest report, it experienced a 1.9 per cent decline in ne...

FLSmidth Cement closes MAAG gears sale

05 March 2024, Published under Cement News

With reference to the announcement made on 22 January 2024, FLSmidth Cement has now closed the sale of its MAAG gears and drives business to the Swedish investment company, Solix Group AB. The transaction does not change FLSmidth’s previously-announced financial guidance for the full year 2023.

Mannok’s greater fuel flexibility

04 March 2024, Published under Cement News

As a key step in the decarbonisation of its cement plant operations, Ireland-based Mannok Cement has installed a FUELFLEX® Pyrolyzer combustion system which enables the producer to burn up to 100 per cent alternative fuels in the calciner while reducing its NOx emissions. The next obvious step for Mannok was to upgrade its coal dosing system to reduce the amount of coal going into the preheater to an absolute minimum without sacrificing flexibility. By Peter Norek, FLSmidth, Denmark. ...

FLSmidth reports 39% increase in net profit

22 February 2024, Published under Cement News

In its consolidated results of 2023, Denmark-based FLSmidth reported a 10 per cent increase in revenue to DKK24,106m from DKK21,849m in 2022. The company’s gross profit increased by 20 per cent YoY to DKK6087m from DKK5076m in 2022, resulting in an improved profit margin of 25.3 per cent in 2023 from 23.2 per cent in the previous year. EBITA increased from DKK943m in 2022 to DKK1438m in 2023 while net profit increased by 39 per cent YoY to DKK491m from DKK352m. Mining order intake decreas...

FLSmidth reports 2023 cement revenues of DKK6bn

31 January 2024, Published under Cement News

FLSmidth has released its 4Q23 and full-year 2023 preliminary and unaudited results. The cement business recorded revenues of DKK1.4bn (US$203.3m) in the 4Q23 and DKK6bn in 2023. EBITDA margin for the cement business grew by 7.4 per cent in the 4Q23 and by 6.7 per cent in 2023. The order intake for the 4Q23 in the cement business totalled DKK1bn and in 2023 it reached DKK4.9bn. In a statement the company stated, "We expect the short-term outlook for the cement industry to remain impact...

FLSmidth looks at possible divestment options in Cement business

30 January 2024, Published under Cement News

FLSmidth will explore the available divestment options for its Cement business to maximise the division’s full potential and strengthen the market leading position of its Mining business. Over the past year, FLSmidth has simplified and rightsized the Cement business to further strengthen its market-leading position, improve profitability and make it fit-for-purpose with a strategic focus on the core products and services required in the cement industry. The company says it continues to bel...

FLSmidth sells MAAG to Solix

23 January 2024, Published under Cement News

FLSmidth Cement sold its MAAG gears and drives business to Sweden-based investment company, Solix Group AB. The transaction is expected to close during the 1Q24 and includes all related assets, including intellectual property, technology, employees and customer contracts. The divestment of the MAAG business is in line with FLSmidth Cement’s GREEN’26 strategy, which in combination with a greater strategic focus on the Service business includes focussing the product portfolio on the core tec...

FLSmidth's group revenue rises 2% in 3Q23

13 November 2023, Published under Cement News

FLSmidth's consolidated group revenue increased by two per cent in the 3Q23 compared to the 3Q22. Adjusted for integration costs of DKK119m (US$17m), the EBITA margin was 10.1 per cent in the 3Q23. Including integration costs, the EBITA margin was eight per cent in the 3Q23 compared to 5.9 per cent in the 3Q22. Excluding the AFT divestment gain, the underlying EBITA margin was 6.3 per cent. The Non-Core Activities (NCA) divestment to KOCH Solutions had no material impact on EBITA for the qua...