Margem Companhia de Mineração, which is a subsidiary of Supremo Cimentos, has awarded FLSmidth (OMX: FLS) with an equipment and services delivery contract of their new cement production line in Adrianópoli, Paraná some 130 kilometres from the state capital Curitiba.
All major process equipment such as an EV crusher, stacker, mills for fuel and cement grinding, a preheater, kiln and a cooler are included. IN addition to this FLSmidth will supply air pollution control systems, packing plant, and automation/control equipment.
The contract is valued 83 million USD and it will contribute to earnings until 2014. FLSmidth’s pop on the news didn’t last and it is down 2% along with the rest of the cyclical stocks on disappointment of the HSBC’s manufacturing purchasing managers’ index readout from China
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