F.L.Smidth has lately received orders for fifteen vertical mills for the Chinese cement industry at a total value of approximately DKK 250m (EUR 34m). The orders come in the wake of a number of corresponding contracts signed earlier this year and confirm the positive development for F.L.Smidth on the important Chinese market for cement plants and equipment.
The contracts were negotiated by F.L.Smidth's sales office in China. F.L.Smidth in Valby will design and supply the main components, whilst a large part of the machinery manufacture will take place locally. The fifteen mills are scheduled for delivery by the end of the first quarter of 2004.
"The Chinese cement industry continues to modernise and expand at a rapid pace, and F.L.Smidth has succeeded in maintaining a very substantial share of the market for cement equipment supplied by foreign producers", says CEO Frank Gad, adding that F.L.Smidth has supplied machinery and equipment to the Chinese cement industry since 1906.
The contracts for the fifteen vertical mills were signed with seven different cement manufacturers and include the following supplies:
- Eight Atox 50 raw mills for Anhui Conch Cement Co.'s four 5,000 tonnes per day production lines in four different provinces in Central and South China.
- Two Atox 50 raw mills for Three Lions Cement Co.'s 5,000 tonnes per day production lines in the Zhejiang province.
- One Atox 45 raw mill for the Shandong Shanlu Cement Co.'s 3,500 tonnes per day production line in the Shandong province.
- Three Atox 50 raw mills for Yunfu Tianshan Cement Co.'s production line in Guangdong province for Yufeng Cement Co. in Guangxi province and for Qinling Cement Co. in the Shaanxi province. Each line with a production capacity of 5,000 tonnes per day.
- One Atox 52.5 raw mill for Liaoning Bohai Cement Co. in Liaoning province.
The orders listed above include four planetary gear units to be supplied by F.L.Smidth's subsidiary MAAG Gear AG. Since the turn of the year, in addition to the contracts listed above, the subsidiary Pfister GmbH has obtained orders at a total value of approximately DKK 75m or EUR 10m for more than 100 rotary weigh feeders for dosing of pulverised coal.
The orders do not affect the FLS Industries earnings forecast for 2003.
FLS Industries A/S
Corporate Public Relations