Danish Financial Supervisory Authority
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.
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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