Biggest deal for the Danish engineering firm in 18 months

Following six months of negotiations, the Danish engineering firm FLSmidth revealed that it has beaten several competitors to the punch and landed a huge order in Vietnam.

In the biggest order in 18 months for FLSmidth, the Vietnamese contracting giant Xuan Thanh Group has hired the Valby-based firm to construct a cement plant worth about 750 million kroner.

“The Vietnamese cement market is expected to grow over the coming years and it is a well-known market to FLSmidth as we have been present in the country for many years – also the construction of the largest cement plant in South East Asia proves our strong position in the area,” said Per Mejnert Kristensen, the head of FLSmidth’s cement division.

Hardened opposition
Kristensen went on to reveal that the cement factory will produce 12,000 tons of cement on a daily basis, making it one of the largest three to four cement factories in the world.

Kristensen revealed that the Danes had faced stiff competition for the bid, including the German company ThyssenKrupp and several Chinese companies.

The last time the Danish firm enjoyed a larger order was back in November 2013 when the company’s material division secured a 1 billion kroner deal involving the supply of equipment for a warehouse terminal in Qatar.

Source: The Copenhagen Post – Danish News in English