Alfa Laval Acquires Minority Stake in Ageratec - a Swedish Innovation Company within the Biodiesel Industry.STOCKHOLM, Sweden -- Regulatory News: Alfa Laval Alfa Laval AB is a Swedish company, founded in 1883 by Gustaf de Laval and Oscar Lamm. The company is a leading producer of specialized products and solutions used to heat, cool, separate and transport products such as oil, water, chemicals, beverages, foodstuffs, starch and (STO:ALFA) - a world leader in heat transfer, centrifugal centrifugal /cen·trif·u·gal/ (sen-trif´ah-gal) efferent (1). cen·trif·u·gal adj. 1. Moving or directed away from a center or axis. 2. separation and fluid handling - has acquired about 45 percent of the Swedish company Ageratec, that develops innovative process solutions for the biodiesel industry. Ageratec's estimated sales 2008 are about SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 80 million. "Non-food based feedstock plays an increasingly important role in the production of biodiesel and the reuse of vegetable cooking oil is one very good example of this development. This is today also driving Ageratec's business", says Lars Renstrom, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Alfa Laval Group. "By acquiring a minority stake in Ageratec we will be in the frontline of the process development for the biodiesel industry." Did you know that Alfa Laval is involved in finding sustainable solutions for biodiesel? Examples of non-food based feedstock used in production of biodiesel already today are janthropa, algae algae (ăl`jē) [plural of Lat. alga=seaweed], a large and diverse group of primarily aquatic plantlike organisms. These organisms were previously classified as a primitive subkingdom of the plant kingdom, the thallophytes (plants that and used cooking oil. About Ageratec Ageratec is a privately-owned Swedish company, established in 2004, specialized on standardized biodiesel production Biodiesel production is the process of synthesizing biodiesel. Biodiesel is a liquid fuel source largely compatible with petroleum based diesel fuel. The most common method for its manufacture is synthesis by reacting a glyceride-containing plant oil with a short chain alcohol such skids. Based on R&D activities started in 1997, the company is forging its success on an agent, eliminating the need for washing thus reducing water consumption. In addition, Ageratec benefits from its modular design In the context of systems engineering, modular design — or "modularity in design" — is an approach aiming to subdivide a system into smaller parts (modules) that can be independently created and then used in different systems to drive multiple functionalities. , performance, and remote performance monitoring as well as extensive technical support. The company has its office in Norrkoping, Sweden, with about 50 employees and resellers in 22 countries. 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 F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , 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 refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. 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 the Nordic Exchange, Nordic Large Cap, and, in 2007, posted annual sales of about SEK 25 billion (approx. 2.7 billion euros). The company has some 11,500 employees. www.alfalaval.com Alfa Laval AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.15 on June 17, 2008. This information was brought to you by Cision http://newsroom.cision.com |
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