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The contract valued about EUR 100 million which includes design and engineering, full equipment supply, automation systems, installation and commissioning as well as training and extended supervision. The cement project is expected to be completed by the second quarter of 2022, and is likely to have a cement production capacity of 5,000 tonnes per day. The dialogue between FLSmidth and Abay Industrial Development S.C. began in November 2017 and has now led to the present order for one of the most modern and large cement plants on the African continent.

FLSmidth signs contract for 5000tpd Ethiopian Cement Plant

05-Feb-19

"This greenfield plant will be utilising the most modern and energy-efficient equipment with the lowest possible environmental impact. I am also very pleased that with training and supervision included in the contract, we will help create 300 jobs in this region - as well as a source of cement for continuing regional development. This contract once again underlines our position as the preferred supplier of sustainable and productivity-enhancing solutions to the global cement industry," said Jan Kjaersgaard, President, Cement, FLSmidth.

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FLSmidth signed a contract for a greenfield cement plant with Abay Industrial Development Share Company to be located near Dejen (eastern Gojam) in Ethiopia, an area rich in mineral resources used for cement production. Abay Industrial Development Share Company is behind the seven mega projects to be erected in the Amhara Regional State near Addis Ababa. 

The contract is subject to the condition upon FLSmidth receiving the agreed down payment. According to the press release of FLSmidth, until all conditions have been met and the contract becomes effective, it will not be recognized in the order intake.

Also Read: FLSmidth bags two large cement plant contracts worth more than 250 million Euros in Central America

FLSmidth has a strong presence in cement industry particularly, in India, Brazil and Russia whereas FLSmidth, headquartered in Copenhagen (Denmark), supplies the minerals and cement industries globally with everything from engineering, single machines and complete processing plants to maintenance, support services and operation of processing facilities. FLSmidth employs almost 12,000 people worldwide in offices in more than 50 countries worldwide. As reported by the company about 99 per cent revenue of FLSmidth comes from outside Denmark.
Contact Investor Relations
Nicolai Mauritzen, +4536181851, nicm@flsmidth.com
Contact Media Relations:
Sofie Karen Lindberg, +4530931877, skl@flsmidth.com

(Source: www.flsmidth.com)