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English news

01-Feb-2016

Egypt’s Arabian Cement renews O&M with FLSmidth subsidiary for five years

Arabian Cement Company (ARCC.CA) has renewed its operations and maintenance agreement (O&M) with NL Supervision Company, a fully-owned subsidiary of FLSmidth & Co., for the production lines at the company’s cement plant near Suez, according to company disclosure. The deal value was undisclosed, but will cover a further five years (through January 31 2021) of O&M for the two production lines. FLSmidth had partnered with ACC to develop the company’s Suez plant. (Company disclosure)   Arabian Cement (Egypt): EGP7.53 as of 31 January 2016, Rating: Buy, FV: EGP17.25 per share, MCap: USD364 million, ARCC EY / ARCC.CA

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