LUND, Sweden--(BUSINESS WIRE)--Regulatory News:
Alfa Laval (STO:ALFA) – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Alfa Laval OLMI heat exchangers to a petrochemical plant in the US. The order, booked in the Process Industry segment has a value of approximately SEK 60 million. Deliveries are scheduled for 2014 and 2015.
The Alfa Laval OLMI heat exchangers will be used to increase the yield and recover energy in the production of ethylene, an important ingredient for the manufacturing of industrial chemicals and plastics products.
“This order is an example of the reindustrialization we see, driven by shale gas,” says Lars Renström, President and CEO of the Alfa Laval Group.
Did you know… that shale gas is the major driver behind the US petrochemical expansion? The unlocking of previously inaccessible shale gas reserves in the US has driven down prices of the essential inputs for petrochemical manufacturing.
About Alfa Laval
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.
Alfa Laval’s products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on Nasdaq OMX, and, in 2012, posted annual sales of about SEK 29.8 billion (approx. 3.5 billion Euros). The company has today about 16 400 employees.
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