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FLSmidth Company Announcement to the Danish Financial Supervisory Authority No. 33-2008, 8 July 2008
FLSmidth has signed a contract worth over EUR 95m (DKK 708m) with ASEC Algeria Cement Company (AACC) to supply two new production lines each with a capacity of 4,500 tonnes per day. The two production lines will form a greenfield plant near the town of Djelfa, nearly 300 km south of the capital of Algiers. AACC is owned by the Egyptian company ASEC Cement Holding with whom FLSmidth has signed two contracts with in recent years.
The contract includes the supply of all machines for the new 3 million tonnes per year cement plant. FLSmidth will supply two EV crushers, two ATOX raw mills, raw material stores, two complete ILC three-support kilns including preheaters and SF Cross-Bar coolers and three UMS cement mills.
In addition, the supply also comprises gear units for the five mills, six complete packing lines and a quality control system.
"Historically, FLSmidth has a strong position in the Algerian cement market. Since the early 1980s, FLSmidth has supplied all the cement kilns installed in Algeria. With the awarding of this contract the total number of cement kilns installed reaches ten," Group Chief Executive Officer Jørgen Huno Rasmussen comments.
The order will contribute beneficially to FLSmidth's earnings until the plant is commissioned in 2011. -------------------------------------
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.
