FLSmidth part of operation and maintenance for cement plant in Libya

FLSmidth part of operation and maintenance for cement plant in Libya

ID: 6075

(Thomson Reuters ONE) - Company Announcement to the Danish Financial Supervisory AuthorityNo. 17-2009, 22 September 2009FLSmidth has agreed to supply expertise and spare parts to thecompany SSBIL in connection with their operation and maintenancecontract for the state-owned Arab Union Contracting Company's (AUCC)Al Burg cement plant in Libya. The equipment for the cement plant'stwo production lines was designed and supplied by FLSmidth.The activities will over a period of four years amount toapproximately DKK 330m for the FLSmidth group.The main activities related to production and maintenance at thecement plant include, recruitment of key staff, training of up to 200local employees, sourcing and inventory control of spare parts andlubricants, control and management of clay and limestone quarryoperations and optimisation of the plant's two production lines."When cement and minerals producers entrust FLSmidth with theoperation and maintenance of their plants, they gain access to aglobal network of expertise whilst minimising their operational andfinancial risks. For FLSmidth, operation and maintenance activitiesprovide an ongoing activity and make us less vulnerable to cyclicalchanges in the sales of new cement and mineral plants. This largetask demonstrates the strength of the concept for both parties,"Group CEO Jørgen Huno Rasmusssen comments.The activities will contribute beneficially to FLSmidth's earningsuntil 2013. -------------------------------------Please address any questions regarding this announcement to GroupChief Executive Officer Jørgen Huno Rasmussen, FLSmidth & Co. A/S at+45 36 18 18 00.For further information about FLSmidth, please visitwww.flsmidth.com.Yours faithfullyPernille Friis AndersenCorporate Communications & Investor Relationshttp://hugin.info/2106/R/1342790/321526.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Bereitgestellt von Benutzer: hugin
Datum: 22.09.2009 - 11:29 Uhr
Sprache: Deutsch
News-ID 6075
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