Company Announcement to the Danish Financial Supervisory Authority No. 35-2012, 27 September 2012
FLSmidth has won a contract worth USD 48m (approximately DKK 280m) from the Venezuelan, state-owned aluminium company, CVG ALCASA, for engineering, supply and installation of a feeding system for the company's aluminium smelter, which is located approximately 500 km southeast of the Venezuelan capital of Caracas.
The scope of supply includes a self-regulating, continuously working automatic pot feeding system with a capacity of 22 tonnes per hour for each of the two production lines. The lines consist of a total of 400 electrolytic cells. The feeding systems are completely enclosed and consequently dust free. The automated system will generate operational savings and optimise feeding operations.
The project is part of a USD 400m refurbishment plan with the purpose of bringing CVG ALCASA's technologies up to state-of-the-art.
"Earlier this year FLSmidth received an order in Abu Dhabi for the same type of pot feeding system which is now to be delivered to ALCASA. So this order will further strengthen FLSmidth's position in the global aluminium smelter industry," Group CEO Jørgen Huno Rasmussen says.
The order will contribute beneficially to FLSmidth's earnings until mid 2015.
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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.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations
