FLSmidth $200m Contract with Iraq Cement Co

Danish-based FLSmidth has signed a contract worth more than $200 million with the Iraqi Cement Company, 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 engineering, all FLSmidth equipment supplies, erection and construction, as well as commissioning and training once completed. The cement plant will produce 6,000 tonnes per day and will feature state-of-the-art equipment, including the latest technology to ensure an environmentally friendly and energy-efficient production process.

Group Executive Vice President of the Cement Division, Per Mejnert Kristensen (pictured), said:

"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.

"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, subject to receipt of the down payment by FLSmidth. Until all conditions are met and the contract becomes effective, it will not be part of the order intake. A separate company announcement will be issued when the order becomes effective.

(Source: FLSmidth)

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