COPENHAGEN (Thomson Financial) - Danish engineering group FLSmidth AS said it has signed a contract worth slightly above 950 mln dkr to supply a complete cement plant to Russian cement producer LLC Cement, an affiliate of real estate company LSR Group.
The order will contribute to FLSmidth's earnings until it is commissioned in mid 2010.
The cement plant, which will be "energy and environmentally optimised" and have a capacity of around 1.8 mln tonnes per year, will be built near the town of Slantsy, 200 km west of St Petersburg.
FLSmidth chief executive Joergen Huno Rasmussen said the order confirms his group's strategy for the Russian market.
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