B/E provide an easy and simple way to finance small orders. EKF´s B/E guarantee will increase our chances of getting new orders and speed up delivery.”
When unrest broke out in Egypt in spring 2011, the Egyptian cement producer Arabian Cement Company had problems getting sufficient supply of natural gas for the company´s cement factory near the Suez Canal. The factory´s production line is from FLSmidth and is considered one of the best functioning systems in the country.
Cement production requires a large and stable supply of energy which is the single largest expense in connection with production. This is why Arabian Cement Company ordered a system from FLSmidth in autumn 2012 to handle and fire with alternative fuels. The equipment can replace natural gas with energy from source-separated household waste.
”We have supplied two cement production lines to Arabian Cement Company, who is a good customer. At the same time this provided an important reference for our newly developed system for alternative fuels,” says Tine Bremholm Kokfelt, Department Manager of Project Financing at FLSmidth.
The Egyptian company, however, needed financing for the order covering the new burner worth EUR 2.7 million (DKK 20 million).