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Rotary Dryer Manufacturers Target Lucrative Opportunities in Food Industry: Study
February 25, 2021 GMT
Rotary Dryers are maintaining a high functional value and product quality, surging the demand from food and pharmaceutical industry.
ROCKVILLE, MD / ACCESSWIRE / February 25, 2021 / Fact.MR’s global rotary dryer market report projects an impactful outlook through 2021. Increasing demand from the key manufacturers for the product and sustainable efforts for the adoption of renewable power sources of rotary driver to have an impact on the market.
The lower sensitivity to wider fluctuations and the permit for the usage of highest drying temperature for the manufacturing of rotary dryers is fostering the growth. The high efficiency of drying products having a high impact on product quality is also increasing the demand for rotary dryers.
Rotary Dryer Manufacturers Target Lucrative Opportunities in Food Industry: Study
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FLSmidth reports 22% decline in cement order intake in 2020 10 February 2021
FLSmidth’s order intake in 2020 was on par with last year, comprising 13 per cent growth in mining and a 22 per cent decline in cement. Including currency effects and acquisitions, total order intake decreased by five per cent to DKK18,524m (US$2490m).
FLSmidth Group CEO, Thomas Schulz, commented: 2020 was impacted operationally and financially by the pandemic, which has presented both challenges and opportunities for FLSmidth. Our employees have done a tremendous job handling this crisis and adapting to the changed situation. Our financial results were negatively impacted by the rapidly deteriorating business environment which affected order intake, revenue and EBITA. Still, we secured four large orders and a book-to-bill of 113 per cent for the year, representing an organic order intake on par with 2019.
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Strong cash flow and stable organic order intake in 2020
Highlights in 2020
Group revenue declined 16% organically
The EBITA margin decreased to 4.7%
Strong cash flow, reduction in net working capital and net debt
Sequential improvement in both order intake, revenue and EBITA
Group business improvement programme was completed
Outlook for Mining remains positive
Continued reshaping of our Cement business
Organically, the order intake in 2020 was on par with last year, comprising a 13% growth in Mining and a 22% decline in Cement. Including currency effects and acquisitions, order intake decreased by 5% to DKK 18,524m.
FLSmidth Group CEO, Thomas Schulz, commented: 2020 was impacted operationally and financially by the pandemic, which has presented both challenges and opportunities
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