Alfa Laval Group acquires LHE, A Leading Heat Exchanger Company in South Korea.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 Group (STO:ALFA)- a world leader in heat transfer, centrifugal separation and fluid handling - has acquired 90 percent of the shares in LHE LHE Liquid Helium LHE Lahore, Pakistan - Lahore (Airport Code) LHE Law on Higher Education Establishments Co., Ltd. in South Korea. The company targets the compact plate heat exchanger The plate heat exchanger (PHE) was invented by Dr Richard Seligman in 1923 and revolutionised methods of indirect heating and cooling of fluids. A plate heat exchanger is a type of heat exchanger that uses metal plates to transfer heat between two fluids. market, with sales of 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. 750 million in 2008 and some 170 employees. LHE will be consolidated into the Alfa Laval Group from September 1, 2009. "I'm very satisfied that we were able to acquire LHE, a well-managed company with strong presence in South Korea and with a large potential in Asia," 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. "With the acquisition of LHE the Alfa Laval Group achieves profitable growth by adding an independent channel to the heat exchanger heat exchanger Any of several devices that transfer heat from a hot to a cold fluid. In many engineering applications, one fluid needs to be heated and another cooled, a requirement economically accomplished by a heat exchanger. market. LHE will continue to offer its own product range, under the LHE brand, through its own sales network." About Alfa Laval Group 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 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 2008, posted annual sales of about SEK 28 billion (approx. 2.9 billion Euros). The company has some 12,000 employees. www.alfalaval.com About LHE Co., Ltd. LHE or Leader Heat Exchanger serves the market for compact and welded heat exchangers with focus on offshore oil & gas, marine, nuclear power, the process industries and HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free . LHE employs approximately 170 people engaged in R&D, design, manufacturing, sales and after sales service. In 2008, the company enjoyed sales of about SEK 750 million. www.lhe.co.kr This information was brought to you by Cision http://www.cisionwire.com |
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