Atlas Copco Wins Major Order in Qatar for World's Largest Aluminum Plant.STOCKHOLM, Sweden -- Regulatory News: 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 been awarded a turnkey contract to supply the complete 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. system for Qatalum, which once completed will become the world's largest primary aluminum plant. The order, to be booked in the first quarter, has a value of more than MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 100 (MUSD 16). Qatalum (Qatar Aluminium Ltd.), a joint venture between Qatar Petroleum Qatar Petroleum (QP) is a state owned petroleum company in Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. and Norsk Hydro Norsk Hydro ASA (OSE: NHY, NYSE: NHY) is a Norwegian aluminium and renewable energy company, headquartered in Oslo. Hydro is the fourth largest integrated aluminium company worldwide. It has operations in some 40 countries around the world and is active on all continents. ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and , will have an initial production capacity of nearly 600 000 metric tons per year. With future capacity set to double in the second phase of development, it will become the world's largest aluminum plant. Atlas Copco's Oil-free Air division will deliver 10 three-stage centrifugal compressors and 10 heat-of-compression dryers; for a combined capacity of over 100 000 m3/hr to be used in the aluminum smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. process. The whole compressed air system will be controlled and monitored with an innovative energy saving central controller. "Our ability to deliver a system that will provide significant energy savings and our extensive experience from similar projects, proved essential in winning this order," says Ronnie Leten, President of Atlas Copco's business area 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 Technique. "It is an important contract for future reference as we see great development potential in the aluminum industry in the Middle East." Located on the southern coast of Qatar, the machines will need to operate in challenging conditions, having to cope with the high ambient temperatures, dust and salt in the Middle East. Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 09:00 on February 6, 2008. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air 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 global reach spans more than 160 markets. In 2007, Atlas Copco had 33 000 employees and revenues of BSEK 63 (BEUR 6.7). Learn more at www.atlascopco.com. Oil-free Air is a division within Atlas Copco's Compressor Technique business area. It develops, manufactures, and markets oil-free air compressors for all kind of industries worldwide where the air quality is vital, and oil-injected compressors for less critical applications. The division focuses on air optimization systems and quality air solutions to further improve customers' productivity. The divisional headquarters and main production center are located in Antwerp, Belgium. This information was brought to you by Cision http://newsroom.cision.com |
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