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FINANCIAL NEWS
FLSmidth to operate cement factory in Egypt
06 May 2010
(MENAFN) FLSmidth, an engineering group based in Denmark, said that it has signed a five-year deal with Wadi El Nile Cement Company to operate a cement plant in Egypt, Reuters reported.
FLSmidth, which is also supplier of the equipment for the 5,000 tons per day plant under construction south of Cairo, did not disclose the value of the new contract.
The supplier of engineering and equipment to the global cement and minerals industries currently operates one cement plant in Egypt.
The order will contribute beneficially to FLSmidth’s earnings until 2016, it said in a statement.
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