Danish engineering firm FLSmidth has won an order worth over $200M from Iraq Cement to construct a cement plant in the Al Muthana region in Iraq.
The new plant, to be delivered on an engineering, procurement and construction (EPC) basis, will be able to supply a total of 6,000t of cement daily.
The production facility will feature the latest equipment, including the technology to ensure an environmental-friendly and energy-efficient production process.
FLSmidth Group executive vice president of the cement division Per Mejnert Kristensen said: "By signing the contract, Iraq Cement Co. is making the first step in raising financing for the project, which is an important milestone in their pursuit to realise the project.
"We are pleased to have been selected to support them on that journey. The growing economy and increasing infrastructure investments in the region continue to offer business opportunities."
The contract is subject to the receipt of the down payment by FLSmidth. Until all conditions are met and the contract becomes effective, it will not be part of the order intake. A separate company announcement will be issued when the order becomes effective.
* For more information on the Iraq construction market, visit the Construction Intelligence Center Report Store.