FLSmidth has signed a large cement contract in Iraq
(Thomson Reuters ONE) -
Danish Financial Supervisory Authority
Århusgade 110
DK-2100 Copenhagen Ø
Company Announcement No. 17-2016:
FLSmidth has signed a contract worth more than $200 million with Iraq Cement
Co., to supply a total of 6,000 tonnes of cement per day to the production line
for the Al Muthana region.
The contract is a full EPC order, comprising engineering, all FLSmidth equipment
supplies, erection and construction, as well as commissioning and training once
completed. The cement plant will produce 6,000 tonnes per day and will feature
state-of-the-art equipment, including the latest technology to ensure an
environmentally friendly and energy-efficient production process.
"By signing the contract, Iraq Cement Co. is making the first step in raising
financing for the project, which is an important milestone in their pursuit to
realise the project. We are pleased to have been selected to support them on
that journey. FLSmidth has a long history in Iraq and the Middle East, and is
maintaining its leading role in serving the rapidly expanding cement market. The
growing economy and increasing infrastructure investments in the region continue
to offer business opportunities," says Group Executive Vice President of the
Cement Division, Per Mejnert Kristensen.
The contract is worth more than $200 million and is among several others,
subject to receipt of the down payment by FLSmidth. Until all conditions are met
and the contract becomes effective, it will not be part of the order intake. A
separate company announcement will be issued when the order becomes effective.
Forward-looking statements are inherently subject to risk and uncertainty, which
may cause actual developments to differ materially from the guidance provided.
This stock exchange announcement is a consequence of changed disclosure rules in
FLSmidth: Company Announcement No. 13-2016.
-------------------------------------
Contact Investor Relations:
Pernille Friis Andersen, +45 36 18 18 87, pefa(at)flsmidth.com
Nicolai Mauritzen, +45 36 18 18 51, nicm(at)flsmidth.com
Contact Media Relations:
Sofie Karen Lindberg, +45 30 93 18 77, skl(at)flsmidth.com
FLSmidth is the market-leading supplier of productivity to the global mining and
cement industries. Headquartered in Copenhagen, Denmark, and with offices in
more than 50 countries, FLSmidth delivers engineering, equipment and service
solutions to customers worldwide.
Productivity, sustainability and quality are the focus areas for the 13,000
employees in FLSmidth. The company generated revenue of DKK 20 billion in 2015.
Read more on www.flsmidth.com
Link to PDF:
http://hugin.info/2106/R/2053881/768771.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FLSmidth via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.11.2016 - 21:53 Uhr
Sprache: Deutsch
News-ID 504633
Anzahl Zeichen: 3381
contact information:
Town:
Valby
Kategorie:
Business News
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