Company Announcement to the Danish Financial Supervisory Authority No. 14-2014, 11 July 2014
FLSmidth has received an order worth approximately USD 55m (approximately DKK 302m) from the Vietnamese National Oil and Gas Group Petrovietnam for supply of coal handling equipment for a power plant located in the Thai Binh province, 170 km southeast of Hanoi, Vietnam.
The order comprises various grab unloaders, portal scraper reclaimers, tripper cars and belt conveyors. The equipment will have an unloading capacity of 1,400 tonnes per hours and a reclaiming capacity of 1,200 tonnes per hour.
"Vietnam has significant electric power shortages and has set up a plan for building several power plants in the near future and it is therefore a very interesting market for FLSmidth. This order is an addition to an earlier order for Petrovietnam, and we are naturally very happy to be able to further strengthen our relationship with Petrovietnam," Group Executive Vice President Carsten R. Lund comments.
The order will be booked by the Material Handling division and contribute to FLSmidth's earnings until late 2016.
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Please address any questions regarding this announcement to Group Executive Vice President Carsten R. Lund, FLSmidth & Co. A/S at +45 36 18 18 61.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations