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It’s been a busy period at FLSmidth in Denmark with the announced sale of its Air Pollution Control business this week. This has followed the divestment of its cement business and its headquarters in Valby in late June 2025.

The Denmark-based company has moved towards mining over the last decade. In the mid-2010s, revenue from its cement business was higher than its mining division. This started to change in 2017 when it acquired part of Sandvik Mining Systems. The purchase of ThyssenKrupp Industrial Solutions’ mining business followed in 2021. The focus on mining then became more overt with the announcement of so-called “pure play strategies” for its mining and cement divisions in 2023. The public decision to sell the cement business came in early 2024. That year the cement division contributed about one fifth of group order intake, revenue and earnings. For more on the background to the decision to divest read Global Cement Weekly’s commentary in January 2024.

US-based private equity company Pacific Avenue Capital Partners was revealed as the buyer for the cement division on 20 June 2025. The value of the deal was presented as a total initial consideration of €75m and a further conditional deferred cash consideration of up to €75m. This latter payment appears to be based on undisclosed criteria. The cement division reported revenue of €596m and adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of €54m in 2024. The divestment is expected to close in the second half of 2025 subject to the regulatory approval and so on.

However, other sales connected to FLSmidth’s cement business have also been occurring. A deal to sell its Non-Core Activities segment to KOCH Solutions was announced in June 2023. This includes a mixture of intellectual property for port and terminal equipment, stockyard systems and pipe conveyors. It also covers order backlog, employees and facilities. No purchase price has been revealed. Completion was originally planned for the end of 2024 but it has been put back to the end of 2025. In July 2023 the sale of its Advanced Filtration Technologies (AFT) filter media business to Micronics was declared. No price for the divestment was disclosed but a net gain of around €13m was reported in the company’s annual report.

Jump forward to 2024 and the divestment of MAAG gears and drives was swiftly announced and then completed in the first quarter to Sweden-based investment company Solix Group. As before no price was publicised but a net gain of around €3.75m was reported. Now, in 2025, the group signed a deal to sell its headquarters at Valby in Denmark for around €98m. The company has been based in the town since 1899 and the building in question at Vigerslev Allé was inaugurated in 1956. The company is planning to move to a new headquarters in Copenhagen later in 2025. This week the sale of its Air Pollution Control business to UK-based investors Rubicon Partners has been announced. It said that since 2020 the company has gradually been divesting businesses related to air pollution control. This latest sale is the last part of that process.

So that appears to be it for FLSmidth’s involvement in the cement sector beyond the quarry gates. The divestments have occurred in a piecemeal fashion rather than one single outright transaction. The Non-Core Activities and Advanced Filtration Technologies (AFT) segments are being sold to manufacturers. By contrast MAAG gears and drives, the Air Pollution Control business and the remainder of the cement business are being sold to investment companies. We’ll have to wait a few years to work out the implications of all of this.

Spain: Votorantim Cimentos España has appointed Rubén Sánchez as the director of its Niebla plant.

Sánchez has worked for Votorantim Cimentos España in a variety of production roles since 2012. He became the director of the Oural plant in 2022. Before this, he held production roles at Cimpor from 2001 to 2012. He holds a degree in chemical engineering from the University of Santiago de Compostela and a master’s in business administration qualification from the European Institute of Business Studies.

Switzerland: Holcim has appointed Vicente Camacho Molero as Head of Operational Technology.

Camacho Molero has worked for Holcim in Switzerland for nearly a decade. He moved to the company at group level in 2014 as Senior Automation Engineer. Before this he held process and project management jobs with Holcim España from 2000 to 2014. He holds an undergraduate degree in engineering from the University of Jaén, a master’s degree in industrial automation from the University of Almería and a master’s in business administration qualification from the Open University of Catalonia.

Poland: Holcim Polska has appointed Marek Michalski as Chief Operating Officer for Industry.

Michalski has worked for Holcim and related companies since 2000. He worked as the plant manager of Lafarge Canada’s Richmond cement plant from 2023 to 2025. Before this he was the plant manager of Holcim Polska’s Kujawy cement plant from 2018 to 2023. Michalski worked for Geocycle in 2017 and 2018. Prior to this he held positions with Lafarge, mostly in Poland, from 2000 to 2014. He notably became the plant manager of the Lwów cement plant in Ukraine in 2012 and 2013. Michalski holds a master’s degree in electrical and electronic engineering from the Bydgoszcz University of Science and Technology and a master’s in business administration qualification from the Warsaw University of Technology.

US: Fortera has appointed Sandy Clancy as Chief Projects Officer and John Dotson as General Counsel.

Clancy previously worked as General Manager of Project Delivery at JERA Americas. He has also held roles in the US, Canada and Singapore with Ormat Technologies, Wood, PTTEP, Coogee Chemicals, Canadian Natural Resources and Husky Energy.

Dotson holds over 25 years of corporate legal experience. He recently worked as Senior Vice President, General Counsel & Secretary at HDT Global, and previously held roles at Chevron and Raytheon.

US-based Fortera is a low-carbon cement manufacturer with a plant in Redding, California. Its ReCarb technology turns industrial CO₂ into cement.

Iraq: Delta Cement Company and Suzhou Sinoma have celebrated the completion of a 6000t/day clinker production line. The two partners completed construction, commissioning and production over a period of 16 months. The plant’s cement grinding equipment was commissioned on 24 December 2024, and the clinker line was commissioned on 30 June 2025.

China/Russia: Jinyu Jidong Cement has despatched its first batch of cement products to Russia, following final quality inspection and packaging. The company, part of the Jinyu Group, aims to strengthen Sino-Russian Far East cooperation and expand into international markets. According to local press, it has passed the Russian GOST certification audit, becoming one of the first cement producers in Heilongjiang Province to be approved for the export of building materials to Russia.

Pakistan: Local cement despatches are expected to fall by 28% month-on-month and 15% year-on-year to 2.63Mt in June 2025, primarily due to reduced working days over the Eid holidays. Daily average sales dropped to 88,000t from 118,000t in May 2025. Provisional data covering 22 days of the month showed 1.75Mt of cement sold, with full-month estimates at 2.5Mt, below the 11-month average of 3.06Mt.

Total sales for June 2025 are forecast at 3.54Mt, flat year-on-year but down 24% from May 2025. Sector capacity utilisation is projected at 52%, down from 68% in May 2025. For the 2024–25 fiscal year, total cement sales are expected to remain flat, with a 5% drop in local sales and a 30% rise in exports. Analysts anticipate recovery in the 2026 financial year, supported by improved macroeconomic conditions and lower interest rates.

Colombia: National grey cement production rose by 9% year-on-year to 1.2Mt in May 2025. Domestic shipments also increased, up by 8% to 1.08Mt. In the first five months of the year, grey cement production totalled 5.44Mt, down by 0.3% from the same period in 2024. Shipments to the domestic market during this period rose by 0.8% year-on-year to 5Mt.

Morocco: Votorantim Cimentos has completed the full sale of its partnership and all associated assets in Morocco to Heidelberg Materials. The transaction followed regulatory approval and clearance in Morocco, with the delivery of assets and financial settlement finalised. The commercial terms of the transaction were not disclosed.