Displaying items by tag: FLSmidth
Egypt: Sinai Cement Company (SCC) has contracted Danish engineering company FLSmidth to provide the equipment for it to start using coal. SCC added that it would also partner with local contractors and suppliers to equip the factory to use coal as an alternative fuel source to natural gas and Mazut fuel oil.
The industrial sector, which is represented by the Federation of Egyptian Industries, has shown signs of accepting recent increases in automotive petroleum products prices, including fuel, diesel and natural gas. The sector said that it would bear the cost of the energy price increases taking into account the current economic situation 'that doesn't allow for any alternative.'
Following the fuel price hike announcement, the government has raised gas prices for cement plants to US$8 per million British Thermal Units (BTUs) compared to US$6 previously. The price of fuel oil increased from US$209/t to US$315/t.
Despite the Ministry of Environment's opposition, the interim government approved the industrial use of coal as an alternative energy source in April 2014. The move came to address the energy shortage, pending the endorsement of the Environmental Impact Assessment. After issuing the decision, the government said that it would impose a tax on coal usage, while also amending laws and tightening penalties for violating environmental standards and regulations.
Minister of Industry Mounir Fakhry Abdel Nour said that importing coal would not start until the environmental standards and regulations for the industrial use of coal have been finalised and ratified. However, cement plants have already started taking steps towards this. In a bid to shift to coal usage, the Arabian Cement Company commenced testing coal in June 2014 in thermal power generation. It aims to shift to this energy source for 50% of its needs. Suez Cement also recently announced plans to invest US$14.9m to convert two of its four cement plants to use coal. The conversion process for each plant will cost around US$21m.
Government loan of US$67m would help Industria Nacional del Cemento to reactivate contracts
11 June 2014Paraguay: The Paraguayan Congress is set to approve a US$67m loan to state-owned cement producer Industria Nacional del Cemento (INC) to resume investment in its Villeta and Vallemi cement plants. The funding will allow INC to continue its US$25.7m contract with FLSmidth to convert its fuel from fuel oil to coke as well as its US$6.3m contract with Claudius Peters, according to Esmerk news service. Other contracts are with Haver & Boecker, for US$7m to install two bagging facilities, and with Daca to optimise an agricultural lime plant, which is suspended due to legal issues, for US$5.9m. Overall, the investments that will be made with the loan will save INC US$30m/yr.
FLSmidth appoints new Group Financial Officer
12 March 2014Denmark: FLSmidth has appointed Lars Vestergaard as its new Chief Financial Officer and member of Group Executive Management. Vestergaard succeeds Ben Guren who has decided to leave the company due to personal reasons. Vestergaard will take up the position as CFO on 1 April 2014. Brian Iversen, Vice President Corporate Finance, FLSmidth will be acting CFO until Vestergaard starts.
Vestergaard, aged 39 and a Danish citizen, holds a Master of Science in Business Management and brings with him international experience in the role as CFO as well as international experience in change management, IT management and treasury from his various management positions in Carlsberg (2004 - 2014) and the global facility service provider ISS (2000 - 2004).
Geometrica supplies Carthage Cement with bulk storage structures
19 February 2014Tunisia: Geometrica has released details of bulk-storage structures built for Carthage Cement at its Djebel Ressas cement plant in 2013. The dome and space frame structure builder supplied three storage buildings for additives, coal and limestone. The additives and coal longitudinal buildings are 200m and 300m long respectively with a span of 50m. The limestone building is a 90m circular dome.
Carthage Cement contracted FLSmidth to supply machinery and engineering at the 5800t/day cement plant. Turkish contractor, EKON, was FLSmidth's partner for the civil works, including civil design, supply of structural steel and plate work, site preparation, plant erection. Construction at the plant started in late 2010 and was completed in 2013.
FLSmidth wins large cement order in Indonesia
17 February 2014Indonesia: FLSmidth has received a Euro42m order from Indonesian cement producer PT Semen Gresik for a greenfield cement plant with a capacity of 8000t/day. The new plant will be located just outside of the city of Rembang in the north east of Java, Indonesia.
The order comprises equipment for the main part of the production line, including a raw mill, coal mill, preheater, kiln, burner, clinker cooler and silo equipment as well as a complete control system for the entire plant. The order will be booked by the Cement Division and will contribute beneficially to FLSmidth's earnings until the end of 2015.
The new cement plant will be PT Semen Gresik's fifth production line. FLSmidth has supplied the company's four other production lines that are located in Tuban, Java. PT Semen Gresik is part of the PT Semen Indonesia Group, which currently has a total capacity of 30Mt/yr of cement from all of its plants.
"This is the second order to FLSmidth from the PT Semen Indonesia Group within two months and we are happy to continue our long successful partnership with the group," said president of the Cement Division, Per Mejnert Kristensen.
FLSmidth wins cement order in Oman
16 January 2014Oman: FLSmidth has received an order worth US$38m from Oman Cement Company for the supply of milling equipment for a cement plant located in Rusayl Industrial Area, 60km from Port Sultan Qaboos, Muscat.
The order includes a 150t/hr closed circuit ball mill system that consists of two 8000t capacity cement silos. The scope of supply also includes a high-efficiency central drive for the ball mill and a dynamic separator and fabric filters to reduce dust emissions.
"Infrastructure growth in Oman has created a huge demand for cement. Oman Cement Company are already upgrading their existing production lines and now want to set up a fifth cement grinding unit. FLSmidth has a strong service capability and presence in the Gulf Cooperation Council (GCC) countries and therefore has good relations with the company," said group executive vice president Bjarne Moltke Hansen.
The order will be booked by the Cement division and contribute to FLSmidth's earnings until mid-2015.
Denmark: FLSmidth has announced the appointment of Eric Thomas Poupier to a newly created position in group executive management, as group executive vice president, business development. Poupier will take up his new position on 15 January 2014.
Since 2011 Poupier has been a manager at Bain and Company in Stockholm, managing projects for Nordic clients. From 2007 to 2011 he was a consultant for Bain and Company and specialised in reorganisation, growth strategy, sales force effectiveness and performance improvements. Over 2005 to 2007 Poupier completed a full time MBA study in the USA and in 2005 he held the position of purchasing manager for Bosch Group in Changzhou, China. Previous to 2005 Poupier had a number of managerial positions in strategic purchasing within the Bosch Group in Germany.
Eric Poupier brings with him a broad experience within business and strategy development as well as within purchasing and change management. The new business development position in group executive management was created in an effort to strengthen FLSmidth Group's competitiveness by focusing more on effectiveness, strategy development and integration.
FLSmidth wins Euro40m PT Semen Padang contract
08 January 2014Indonesia: FLSmidth has received an order worth Euro40m from PT Semen Padang for a cement production line with a capacity of 8000t/day. The plant is located in Indarung, just outside the city of Padang in West Sumatra.
The order includes equipment for the main part of the production line, including a raw mill, coal mill, preheater, kiln, burner, clinker cooler and silo equipment as well as a complete control system for the entire plant. This new line will be the sixth line at the plant site. Four of the other five lines at the plant were supplied by FLSmidth.
PT Semen Padang is part of Semen Indonesia Group, Indonesia's largest cement producer with a total cement production output of 30Mt.
FLSmidth to pay MT Højgaard more compensation than expected
05 December 2013Denmark: An ICC (International Chamber of Commerce) arbitration has been concluded in a case between MT Højgaard A/S and FLSmidth A/S dating back to 2004.
Much to the surprise of FLSmidth and contrary to expectations, the ICC arbitration award renders FLSmidth liable to pay significantly higher compensation than expected. The compensation is due for some of the costs resulting from delays at the Buxton cement plant in the UK in 2004.
According to the arbitration award, FLSmidth is to pay partial compensation plus interest, plus part of the costs of the proceedings to MT Højgaard.
The impact on FLSmidth's financial statements amounts to a net loss of Euro21.5m on EBITA and Euro16.1m on profit after tax, which will be booked in the fourth quarter of 2013. Consequently, the EBITA margin for 2013 is expected to be 3.5-4.5% rather than the previously forecast 4-5%.
FLSmidth to supply QNCC cement plant
29 November 2013Qatar: FLSmidth has signed a Letter of Intent with the Qatar National Cement Company (QNCC) for the supply of a cement plant in Qatar. FLSmidth has confirmed that if and when the contract is finalised and becomes binding, the market shall be immediately informed. To be considered binding the contracts, down payments and guarantees must be signed and exchanged.