Sponsored Links

FLSmidth says gets Egyptian maintenance order

COPENHAGEN, July 30 | Mon Jul 30, 2012 3:19am EDT

COPENHAGEN, July 30 (Reuters) - Danish engineering group FLSmidth & Co A/S said on Monday it had received an order from the Egyptian National Cement Company for operation and maintenance of two production lines in Cairo.

FLSmidth, a supplier of engineering services and equipment to the cement and minerals industries, said the parties had agreed not to disclose the value of the seven-year contract.

"We are now for the first time also taking over the operation and maintenance of a plant, which was built by a competitor," Chief Executive Jorgen Rasmussen said in the statement.

The order would contribute beneficially to FLSmidth's earnings until 2019, it said.

(Reporting by Mette Fraende; Editing by Erica Billingham)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.