Alfa Laval Wins Power Order in Russia Worth SEK 50 million.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 separation and fluid handling - has received an order for plate heat exchangers from a company in the growing Russian power industry. The order value is 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. 50 million. Delivery is scheduled for 2009. "Some 50 percent of Alfa Laval's order intake during the first half of 2008 derives from the fast growing regions of Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. , Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. ," 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. "Russia is definitely one of the engines behind this development. We continue to expand our presence in the country to meet the demand from the energy, environment and food markets. Did you know that Alfa Laval opened its first office in Russia already in 1903? Today the company has 15 sales offices in Russia of which five are located east of the Ural Mountains Ural Mountains Mountain range, Russia and Kazakhstan. Generally held to constitute the boundary between Europe and Asia, the range extends north-south for some 1,550 mi (2,500 km) from just south of the Kara Sea to the Ural River; a southward spur extends into northwestern . During the last years Alfa Laval has had double digit Noun 1. double digit - a two-digit integer; from 10 to 99 integer, whole number - any of the natural numbers (positive or negative) or zero; "an integer is a number that is not a fraction" , profitable growth in Russia and annual sales is about SEK 1 billion. 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 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 08.30 on August 20, 2008. This information was brought to you by Cision http://newsroom.cision.com |
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