FLSmidth awarded multi million operation contract in Angola
(Thomson Reuters ONE) -
Company Announcement to the Danish Financial Supervisory Authority No.
04-2010, 11 March 2010
FLSmidth has received a contract from Angolan Fabrica De Cimento Do Kwanza-Sul
S.A. (FCKS) for operation and maintenance of their 4,200 tonnes per day cement
plant. The plant will be located in the Kwanza-Sul province, approximately 300
km. south of the capital of Angola.
The cement plant is being designed and supplied by FLSmidth.
The scope of the supply includes complete staffing of the plant for operation
and maintenance of the equipment as well as sourcing and inventory control of
spare parts and lubricants. FLSmidth will also establish a training centre in
Angola in close cooperation with the Angolan educational system. The centre will
provide training of the local workforce to enhance their competencies in areas
such as mechanical, electrical, process and safety skills.
The objective of the operation and maintenance contract is to ensure a high
production level of the plant as well as ensuring an ongoing knowledge transfer
and training of the local staff.
The operation and maintenance activities will over a period of five years amount
to 154m Euros (DKK 1,1bn) for the FLSmidth Group.
"Angola is a well known market to FLSmidth and the country is undertaking large
investments in developing its infrastructure. This contract further strengthens
FLSmidth's position in Africa and illustrates the value of our operation and
maintenance activities to the customers," Group CEO Jørgen Huno Rasmussen
comments.
The order will contribute beneficially to FLSmidth's earnings until 2017.
-------------------------------------
Please address any questions regarding this announcement to Group Executive Vice
President Bjarne Moltke Hansen, 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
[HUG#1392990]
Link to PDF version: http://hugin.info/2106/R/1392990/350352.pdf
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Datum: 11.03.2010 - 07:35 Uhr
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