Denmark’s FLSmidth signs $200m deal with Iraq Cement Co
EPC contract will ensure the supply of 6,000 tonnes of cement per day to Al Muthana region
FLSmidth, the Denmark-based mining and cement industrial giant, has announced that it has signed a contract worth more than $200 million with Iraq Cement Co, to supply a total of 6,000 tonnes of cement per day to the production line for the Al Muthana region.
The contract is a full EPC order, comprising of engineering, all FLSmidth equipment supplies, erection and construction. It will also include training and commissioning once completed. The plant will feature state-of-the-art equipment, including the latest technology to ensure an environmentally friendly and energy efficient production process, the Danish company said in a statement.
“By signing the contract, Iraq Cement Co. is making the first step in raising financing for the project, which is an important milestone in their pursuit to realise the project. We are pleased to have been selected to support them on that journey,” said Per Mejnert Kristensen, group executive vice president of the Cement Division.
“FLSmidth has a long history in Iraq and the Middle East, and is maintaining its leading role in serving the rapidly expanding cement market. The growing economy and increasing infrastructure investments in the region continue to offer business opportunities.”
The contract is worth more than $200 million, and is among several others, Kristensen added, pointing out that it was subject to receipt of the down payment by FLSmidth.
The statement from the company also clarified that unless all conditions were met and that the contract became effective, it would not be part of the order intake. A separate company announcement would be made when that happens, it said.
