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FLSmidth Company Announcement to the Danish Financial Supervisory Authority No. 27-2008, 4 June 2008
FLSmidth has received a contract worth EUR 76m (567m DKK) for engineering and machinery supplies for the expansion of an existing cement plant in Kuwait. The contract was signed with Kuwait Cement Company KSC. The plant is located in Shuaiba Kuwait, a port area just outside Kuwait City. FLSmidth supplied equipment for the plant's existing production line in 1998.
The scope of supply includes two TUMS raw mills, a CF silo, an 2-support kiln including a 6-stage ILC preheater and a Multi-Movable Cross-bar cooler and an ATOX coal mill.
A number of FLSmidth divisions and subsidiaries will contribute to the project, providing filters, control systems, automation and dosing equipment as well as a complete electrical equipment package.
The customer, Kuwait Cement Company KSC, is listed on Kuwait Stock Exchange and is the only cement producer in Kuwait.
"The contract again demonstrates the value of long-lasting customer relations. With this particular contract, the good relationship resulted in short and effective negotiations, to the benefit of both parties," Group Chief Executive Officer Jørgen Huno Rasmussen comments.
The order will contribute beneficially to FLSmidth's earnings until the equipment has been shipped in mid 2010.
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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.
