Company Announcement to the Danish Financial Supervisory Authority No. 18-2014, 20 August 2014
FLSmidth has won a contract worth EUR 68m (DKK 507m) from Nyumba Ya Akiba SARL to supply a complete package of equipment and engineering for a greenfield cement plant in the Democratic Republic of Congo. The plant will be located in the province of Bas-Congo, approximately 250 km west of the capital Kinshasa.
Nyumba Ya Akiba SARL is a joint venture between Pakistani Lucky Cement Ltd. and the Rawji Group of the Democratic Republic of Congo. The parties are well established players in the cement industry and in the commercial sector of the Democratic Republic of Congo. FLSmidth has earlier only delivered selected equipment to Lucky Cement Ltd. in Pakistan.
The equipment to be supplied includes among others FLSmidth crushers, pyro processing equipment and vertical mills for raw meal, coal and cement grinding - all well-proven machinery that is characterised by high productivity, flexibility and energy efficiency. When completed, the cement plant will have a capacity of 3,000 tonnes per day.
"In addition to its enormous mineral resources, the Democratic Republic of Congo is characterised by growing stability and a rapidly increasing population. There is therefore an urgent need for cement for development of infrastructure and housing. For the past 40 years no new cement plants have been constructed in the Republic, which is therefore a very interesting market for FLSmidth," President of the Cement Division Per Mejnert Kristensen comments.
The order will be booked by the Cement Division and contribute beneficially to FLSmidth's earnings until early 2016.
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Please address any questions regarding this announcement to President of the Cement Division Per Mejnert Kristensen, 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