Company Announcement to the Danish Financial Supervisory Authority
No. 3-2009, 12 March 2009
FLSmidth Minerals has signed a contract worth close to 40m euros (DKK
300m) with German-based Hoesch Spundwand und Profil GmbH (HSP). The
equipment to be supplied is part of HSP's modernisation of its
Dortmund sectional steel production plant.
Material handling equipment is a rapidly growing market for FLSmidth.
To FLSmidth, it is a focus area that offers many opportunities to its
Cement and Minerals activities. The contract just signed in Germany
comes in the wake of last month's acquisition of Conveyor
Engineering, the USA-based provider of major bulk material handling
systems.
The scope of supply, which utilises the German product competencies
acquired by FLSmidth with the previous acquisitions of the material
handling companies KOCH and MVT, includes a roll stand, a saw and
associated conveying systems consisting of roller tables, cross
transfer and roll changing devices, spindle carriers and movable
guide frames. Civil work, electrical, hydraulic and automation
equipment are also included in the contract.
The high demand for steel sheet piles has made modernisation of HSP's
production facilities necessary. The FLSmidth equipment will allow
HSP to expand its current product portfolio and thus improve HSP's
market position."The contract underlines the potential of the material handling
market and the advantage of FLSmidth's diversity in mining and
minerals equipment since many European rolling mill plants are
needing modernisation to compete on a worldwide basis," Group CEO
Jørgen Huno Rasmussen comments.
This product line was introduced in the FLSmidth Group with the
acquisition of KOCH Transporttechnik in 2006.
The contract will contribute beneficially to FLSmidth's earnings
until the equipment has been commissioned in late 2010.
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Please address any questions regarding this announcement to Group
Executive Vice President and CFO Poul Erik Tofte, 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
