21 June 2016 Dry Bulk | Engineering & Equipment FLSmidth has signed an EPS (engineering, procurement and supervision) contract worth more than €160m with the Russian marine export terminal owner OTEKO-Portservice LLC for the engineering, supply and supervision of material handling equipment. The equipment is to be installed at the port of Taman on the Russian Black Sea Cost, approximately 1,500km south of the capital Moscow. The order is part of the construction of a new cargo terminal to handle the increasing export of coal, iron ore, sulphur and fertilizers from production sites in Russia. Included in the scope of supply is: railcar unloading, screening and crushing, stockyard machines, shiploaders and associated conveyor systems including auxiliaries such as dust suppression or sampling. “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.