Atlas Copco Receives Large-Scale Order for Energy-Efficient LNG Technology.STOCKHOLM, Sweden -- Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment. The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden. (STO:ATCOA) (STO:ATCOB) has won a major order for the liquid natural gas (LNG LNG (liquefied natural gas): see under natural gas. ) market in partnership with marine specialist Hamworthy Gas Systems. Atlas Copco's share is more than MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 210 (MEUR MEUR Million Euros 23), making it one of the largest-ever orders for the Gas and Process division. South Korean shipyard Daewoo Shipbuilding and Marine Engineering has ordered next-generation systems for the reliquefaction of LNG on board seven vessels. In total, 14 nitrogen Atlas Copco companders (a three-stage nitrogen compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve coupled with an expansion turbine) and 14 boil-off-gas compressors will be delivered during 2008. The order was booked in the first quarter. The machinery will help reduce power consumption significantly compared to previous systems supplied. "This latest order is evidence of the demand for energy-efficient products from our customers," says Ronnie Leten, Business Area President, Atlas Copco Compressor Technique. "Our LNG experience and expertise working together with Hamworthy's innovative reliquefaction technology is continuing to prove a powerful combination in this growth market." Atlas Copco has partnered for many years with Hamworthy, a world leader in the design and manufacture of innovative marine and offshore fluid handling systems. The two companies have worked jointly in developing a next-generation LNG reliquefaction process and have carried out numerous LNG projects worldwide. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors. and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 150 markets. In 2006, Atlas Copco had 25,900 employees and revenues of BSEK 51 (BEUR 5.6). Learn more at www.atlascopco.com. Gas and Process is a division within Atlas Copco's Compressor Technique business area. It develops, manufactures and markets large, customized gas and process compressors and turbo TURBO A clinical trial–The Ultrasound Removal of Blood Clots in Vein Grafts expanders, and their respective aftermarket products. Its products are used primarily by the oil and gas, chemical/petrochemical process and power industries worldwide, and also by industries that specialize in gas production through air separation. The divisional headquarters and main production center is located in Cologne, Germany. This information was brought to you by Cision http://newsroom.cision.com |
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