FLSmidth’s cement business recorded preliminary, unaudited sales of US$871m in 2023, down by 59% year-on-year from US$2.14bn in 2022. The business contributed 25% of the group’s consolidated sales of US$3.5bn. FLSmidth had a total order intake for the year of US$3.11bn, toward which the cement business contributed US$711m (23%). The supplier said that its results
FLSmidth says that its plans to sell its cement business. The business provides FLSmidth’s processing equipment and services for cement plants around the globe. FLSmidth will now explore its possible divestment options in order to ‘maximise’ the business’ ‘full potential,’ while also serving to strengthen the supplier’s remaining mining business’ market-leading position in its sector.
Arawak Cement has ceased clinker production at its St Lucy cement plant. The facility will continue to operate as a grinding plant. Loop News has reported that the company now seeks to lay off 70% of the plant’s staff. Negotiations between the producer and the Barbados Workers’ Union are reportedly in ‘advanced’ stages. In its