Company Announcement No. 12-2016:
FLSmidth has signed an EP (Engineering and Procurement) contract at a value of approximately DKK 255m with the Vietnamese cement producer Tan Thang Cement Joint Stock Company for the supply of main equipment to a greenfield cement plant in Vietnam. The plant will be located in the Nghe An province, approximately 300 km south of the capital Hanoi.
The order includes all the main equipment from raw mill grinding to clinker silo, as well as a coal mill installation, civil design, commissioning and training. Once completed, the cement plant will have a capacity of 5,000 tonnes per day.
"This order is the second significant order to FLSmidth in Vietnam within the past year and was won against two other international competitors due to FLSmidth's strong track record in Vietnam and the use of the most efficient equipment. Vietnam has for many years been an important market to FLSmidth, and after a number of years with limited growth within the cement industry the market is starting to pick up again," Group Executive Vice 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 late 2017.
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Please address any questions regarding this announcement to Group Executive Vice 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.
Contact Investor Relations:
Pernille Friis Andersen, +4536181887, pefa@flsmidth.com
Nicolai Mauritzen, +4536181851, nicm@flsmidth.com
Contact Media Relations:
Sofie Karen Lindberg, +4530931877, skl@flsmidth.com