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FLSmidth (CPH:FLS) Company Announcement to the Danish Financial Supervisory Authority No. 39-2008, 18 September 2008
FLSmidth has signed a contract worth approximately 39m Euro (DKK 291m) with the Austrian MFL Maschinenfabrik Liezen und Giesserei Ges.m.b.h. for the supply of a rolling mill system. The end user of the equipment is the Russian Nizhnetagilskiy Metallurgicheskiy Kombinat (NTMK).
NTMK is the world's biggest company processing vanadium enriched titaniferous ores with succeeding vanadium recovery in blast oxygen furnaces and in oxygen converters.
The contract includes supply of transport systems with cooling bed for the finishing line in a rail rolling mill. The systems consist of roller tables, length stops, cooling bed, pass over beds, central hydraulic installation and electrical equipment.
"This contract is the biggest rolling mill contract since this line of business was included in FLSmidth's mineral business in 1994 and it marks the introduction of FLSmidth's rolling mill systems on the Russian market," Group CEO Jørgen Huno Rasmussen comments.
The contract will contribute beneficially to FLSmidth's earnings until the last equipment has been supplied in late 2010.
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Please address any questions regarding this announcement to Group Chief Executive Officer Jørgen Huno Rasmussen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
