Denmark-based FLSmidth, a leading equipment supplier to the global mining and cement industries, has signed a contract worth more than $200 million with Iraq Cement to install a production line with a capacity of 6,000 tonnes of cement per day in the Al Muthana region.

The contract is a full engineering, procurement and construction (EPC) order, comprising engineering, all FLSmidth equipment supplies, erection and construction, as well as commissioning and training once completed. The cement plant will produce 6,000 tonnes per day and will feature state-of-the-art equipment, including the latest technology to ensure an environment-friendly and energy-efficient production process.

"By signing the contract, Iraq Cement is making the first step in raising financing for the project, which is an important milestone in their pursuit to realise the project. We are pleased to have been selected to support them on that journey,” said group executive vice president of the Cement Division, Per Mejnert Kristensen.

“FLSmidth has a long history in Iraq and the Middle East, and is maintaining its leading role in serving the rapidly expanding cement market. The growing economy and increasing infrastructure investments in the region continue to offer business opportunities.”

The contract is worth more than $200 million and is among several others, subject to receipt of the down payment by FLSmidth. Until all conditions are met and the contract becomes effective, it will not be part of the order intake, a statement said.

A separate company announcement will be issued when the order becomes effective, it added. – TradeArabia News Service