Company Announcement to the Danish Financial Supervisory Authority No. 03-2010, 26 February 2010
FLSmidth has received an order worth approximately EUR 48m (DKK 357m) from Heidelberg Cement India Limited for the supply of equipment to their Indian capacity expansion project in competition with Chinese and other international players.
The scope of the contract includes a 5,000 tonnes per day pyro process line at their existing plant in Narsingarh, M.P., a new clinker grinding system at their existing grinding unit in Imlai, M.P. and a material handling system at their grinding unit in Jhansi, U.P.
The contract comprises supply of crushers for coal and additives, storage facilities for limestone, additives and coal; an ATOX raw mill; an ATOX coal mill; a complete pyro line with SF Cross-Bar cooler; one UMS cement mill; a CF silo; air pollution control equipment and gears for the three grinding mills. In addition, FLSmidth will supply all the electrical and control equipment.
"India is a very well-known market to FLSmidth. We delivered our first cement plant in India in 1904 and today FLSmidth has more than 3,000 employees in the country. Our strong local presence is greatly appreciated by Indian customers. FLSmidth is therefore well-equipped to meet the increasing demand for cement from this the second largest cement consumer in the world. Furthermore, India offers very interesting growth opportunities in customer services and operation and maintenance activities as well as for our minerals business," Group CEO Jørgen Huno Rasmussen comments.
The order will contribute beneficially to FLSmidth's earnings until commissioning in late 2011.
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Please address any questions regarding this announcement to Group Chief Executive Officer Jørgen Huno Rasmussen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations