Company Announcement to the Danish Financial Supervisory Authority No. 12-2015, 11 July 2015
FLSmidth has signed a contract worth EUR 57m (approx. DKK 425m) with D.G. Khan Cement Company Ltd. to supply engineering and equipment for a 8,500 tonnes per day green field cement plant in Pakistan. The plant will be located in Hub in the province of Baluchistan approximately 30 km northwest of Karachi, Pakistan.
D.G. Khan Cement Company Ltd. is a major cement producer in Pakistan and part of the Nishat Group which is one of the largest conglomerates in the country. The first contract between D.G. Khan Cement Company Ltd. and FLSmidth dates back to 1992 and since then the partnership has resulted in additional three orders to FLSmidth in 1998, 2005 and 2007.
"Pakistan is a very important market for FLSmidth and we are extremely pleased that D.G. Khan Cement Company Ltd. again has chosen FLSmidth as their supplier. This underlines our valuable long-term ties with D.G. Khan Cement Company Ltd. as well as our strong foothold in Pakistan where we expect to see more activity following new government development programs" says President of the Cement Division Per Mejnert Kristensen.
The order will be booked by the Cement Division and contribute beneficially to FLSmidth's earnings until 2017.
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Please address any questions regarding this announcement to President of the Cement Division Per Mejnert Kristensen, FLSmidth & Co. A/S at +45 30 93 18 77.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations
