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FLSmidth: FLSmidth to supply material handling equipment to Russian port

Company Announcement No. 11-2016:

FLSmidth has signed an EPS (Engineering, Procurement and Supervision) contract
worth more than EUR 160m with the Russian marine export terminal owner
OTEKO-Portservice LLC for the engineering, supply and supervision of material
handling equipment. The equipment is to be installed at the port of Taman on
the Russian Black Sea Cost, approximately 1,500 km south of the capital

The order is part of the construction of a new cargo terminal to handle the
increasing export of coal, iron ore, sulphur and fertilizers from production
sites in Russia. Included in the scope of supply is: railcar unloading,
screening and crushing, stockyard machines, ship loaders and associated
conveyor systems including auxiliaries such as dust suppression or sampling.

"FLSmidth and Oteko have worked jointly on this project for a long time and
have now found a technically and commercially viable solution that allows
this project to go ahead despite the headwind from the commodity market. It
is a good example of how customers can benefit from engaging with FLSmidth
early in the development of a project. This order includes supplies and
services from various FLSmidth business units and is particularly valuable in
times with low capital investments in the mining and minerals industry,
" Group Executive Vice President of the Minerals Division Manfred Schaffer

The order will be booked and executed by FLSmidth's Bulk Material Handling
business unit in Wadgassen and contribute beneficially to capacity
utilisation and earnings until mid-2018.


Please address any questions regarding this announcement to Group Executive
Vice President of the Minerals Division Manfred Schaffer, FLSmidth&Co. A/S at
+45 36 18 18 00.

For further information about FLSmidth, please

Contact Investor Relations:
Pernille Friis Andersen, +4536181887,
Nicolai Mauritzen, +4536181851,

Contact Media Relations:
Sofie Karen Lindberg, +4530931877,

Link to PDF version


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FLSmidth via Globenewswire


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