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OTEKO-Portservice places equipment order with FLSmidth

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World Coal,

FLSmidth has signed an Engineering, Procurement and Supervision (EPS) contract, worth over €160 million, with the Russian marine export terminal owner OTEKO-Portservice LLC for the engineering, supply and supervision of material handling equipment.

The supply includes railcar unloading, screening and crushing, stockyard machines, ship loaders and associated conveyor systems – including auxiliaries such as dust suppression or sampling.

The order is part of the construction of a new cargo terminal to handle the increasing export of coal, iron ore, sulfur and fertilizers from production sites in Russia.

The equipment will be installed at the port of Taman on the Russian Black Sea Coast, approximately 1500 km south of the capital Moscow.

"FLSmidth and Oteko have worked jointly on this project for a long time and have now found a technically and commercially viable solution that allows this project to go ahead despite the headwind from the commodity market. It is a good example of how customers can benefit from engaging with FLSmidth early in the development of a project. This order includes supplies and services from various FLSmidth business units and is particularly valuable in times with low capital investments in the mining and minerals industry," Group Executive Vice President of the Minerals Division Manfred Schaffer comments.

The order will be booked and executed by FLSmidth's Bulk Material Handling business unit in Wadgassen and contribute beneficially to capacity utilisation and earnings until mid-2018.

Edited from press release by Harleigh Hobbs

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