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Released August 10, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land)--FLSmidth & Company A/S (Copenhagen, Denmark), a global engineering company focused on projects in the Metals & Minerals Industry, enjoyed its fourth consecutive quarter of growth in total service activities. The largest orders were for the company's cement business and specialized subsidiaries. Industrial Info is tracking $7.3 billion in active projects involving FLSmidth, including more than $5.7 billion worth that are in their advanced engineering or construction phases.
FLSmidth's cement business accounted for 42% of its DKK4.58 billion (US$723.8 million) order intake in second-quarter 2017, which it said was "more the result of FLSmidth's strong market position than an improving market." The company finished a cement production line in Pakistan, which also is host to Nishat Group's (Lahore, Pakistan) $240 million limestone quarry and cement plant in Lasbela, Balochistan. FLSmidth is providing technology for the 2.6 million-ton-per-year facility, which began construction last spring and is expected to be completed in fourth-quarter 2018. For more information, see Industrial Info's project report.
FLSmidth also is providing technology for two of the largest cement plants under construction worldwide, in terms of investment value: Thai Group Joint Stock Company's (Ninh Binh, Vietnam) $540 million expansion at a processing plant in Thanh Liem, Vietnam, and Cementos Molins S.A.'s (Barcelona, Spain) $370 million new plant in Sonson, Colombia. Thai Group's project would add a second line at its facility to lift production from 900,000 to 4.5 million tons per year, while Cementos Molins' new facility would have a capacity of 1.5 million tons per year. For more information, see Industrial Info's reports on the Thai Group and Cementos Molins projects.
The DKK4.58 billion (US$723.8 million) order intake was a 5.4% increase from the second quarter of 2016. Revenues stood at DKK4.59 billion ($725 million), a 10.9% increase, attributed in part to upbeat sentiment in the mining market, spurred by stronger gold and copper prices.
While cement projects accounted for the lion's share of the order intake, the minerals business accounted for 54% of the revenues. One of its highest-valued projects under construction is Mongolyn Alt MAK Group's (Ulaanbaatar, Mongolia) $869 million copper/molybdenum mine and concentrator in Saynshand, Mongolia. FLSmidth is serving as project manager for the 14.6 million-ton-per-year mine, which is expected to produce 354,000 tons per year of copper concentrate and 5,325 tons per year of molybdenum concentrate. Construction began in mid-2012 and is expected to wrap up early next year. For more information, see Industrial Info's project report.
In South Africa, Royal Bafokeng Holdings (Pty) Limited (Sandton, Gauteng) is nearing construction on its $400 million expansion at Styldrift Platinum Mine and Concentrator near Rustenburg. A second, 1,500-meter shaft is expected to increase the site's ore-production capacity by 150,000 tons per month. FLSmidth's South African subsidiary is one of the engineering, procurement and construction (EPC) providers. For more information, see Industrial Info's project report.
Earlier this summer, FLSmidth reached an agreement to acquire parts of Sandvik Mining Systems (Swadlincote, England), including all products for continuous surface mining and minerals-handling technologies. FLSmidth said in a press release that the acquisition allows it to cover "a wider range of the full mining value chain."
Industrial Info is tracking more than $3.5 billion in active projects involving Sandvik, including Shandong Gold Group Company Limited's (Jinan, China) $1.1 billion gold mine and smelter expansion in Laizhou, Shandong, in China. The project, which is expected to increase capacity from 2,700 to 8,000 tons per day, began construction in late 2015 and is expected to wrap up in late 2019. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
FLSmidth's cement business accounted for 42% of its DKK4.58 billion (US$723.8 million) order intake in second-quarter 2017, which it said was "more the result of FLSmidth's strong market position than an improving market." The company finished a cement production line in Pakistan, which also is host to Nishat Group's (Lahore, Pakistan) $240 million limestone quarry and cement plant in Lasbela, Balochistan. FLSmidth is providing technology for the 2.6 million-ton-per-year facility, which began construction last spring and is expected to be completed in fourth-quarter 2018. For more information, see Industrial Info's project report.
FLSmidth also is providing technology for two of the largest cement plants under construction worldwide, in terms of investment value: Thai Group Joint Stock Company's (Ninh Binh, Vietnam) $540 million expansion at a processing plant in Thanh Liem, Vietnam, and Cementos Molins S.A.'s (Barcelona, Spain) $370 million new plant in Sonson, Colombia. Thai Group's project would add a second line at its facility to lift production from 900,000 to 4.5 million tons per year, while Cementos Molins' new facility would have a capacity of 1.5 million tons per year. For more information, see Industrial Info's reports on the Thai Group and Cementos Molins projects.
The DKK4.58 billion (US$723.8 million) order intake was a 5.4% increase from the second quarter of 2016. Revenues stood at DKK4.59 billion ($725 million), a 10.9% increase, attributed in part to upbeat sentiment in the mining market, spurred by stronger gold and copper prices.
While cement projects accounted for the lion's share of the order intake, the minerals business accounted for 54% of the revenues. One of its highest-valued projects under construction is Mongolyn Alt MAK Group's (Ulaanbaatar, Mongolia) $869 million copper/molybdenum mine and concentrator in Saynshand, Mongolia. FLSmidth is serving as project manager for the 14.6 million-ton-per-year mine, which is expected to produce 354,000 tons per year of copper concentrate and 5,325 tons per year of molybdenum concentrate. Construction began in mid-2012 and is expected to wrap up early next year. For more information, see Industrial Info's project report.
In South Africa, Royal Bafokeng Holdings (Pty) Limited (Sandton, Gauteng) is nearing construction on its $400 million expansion at Styldrift Platinum Mine and Concentrator near Rustenburg. A second, 1,500-meter shaft is expected to increase the site's ore-production capacity by 150,000 tons per month. FLSmidth's South African subsidiary is one of the engineering, procurement and construction (EPC) providers. For more information, see Industrial Info's project report.
Earlier this summer, FLSmidth reached an agreement to acquire parts of Sandvik Mining Systems (Swadlincote, England), including all products for continuous surface mining and minerals-handling technologies. FLSmidth said in a press release that the acquisition allows it to cover "a wider range of the full mining value chain."
Industrial Info is tracking more than $3.5 billion in active projects involving Sandvik, including Shandong Gold Group Company Limited's (Jinan, China) $1.1 billion gold mine and smelter expansion in Laizhou, Shandong, in China. The project, which is expected to increase capacity from 2,700 to 8,000 tons per day, began construction in late 2015 and is expected to wrap up in late 2019. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
