Elsag Bailey Receives Award As Quality Supplier to Petrobras.WICKLIFFE, Ohio--(BUSINESS WIRE)--Dec. 10, 1998--Petrobras, Brazil's national oil company and the eighth largest refiner re·fine v. re·fined, re·fin·ing, re·fines v.tr. 1. To reduce to a pure state; purify. 2. To remove by purifying. 3. in the world, has chosen Bailey Controls Company, a unit of Elsag Bailey Process Automation N. V. (NYSE NYSE See: New York Stock Exchange :EBY EBY Ente Binacional Yaciretá (Argentina-Paraguay) ), to receive the prestigious Petrobras Quality Award for its efforts in providing automation systems to the oil company. The Petrobras award is presented every two years to companies judged to be outstanding suppliers based on technology, quality, and customer service criteria. Approximately 2,200 companies were evaluated for this year's award, covering the period May 1996 to May 1998, and ten companies were selected for the honor. Evaluation criteria for the Petrobras Quality Award include complexity of the technologies provided, customer service, and contribution to Petrobras' results. To date, Elsag Bailey has supplied control systems to eight Petrobras refineries, through a cooperative effort by Bailey Controls and sister company Elsag Bailey Hartmann & Braun do Brasil Ltda. of San Paulo. Elsag Bailey Process Automation N.V., headquartered in the Netherlands, is a leading provider of automation systems, process instrumentation, analytical measurement products, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . The company's technologies are sold worldwide for the automation of various processes in the electric power, chemical and pharmaceutical, oil and gas, pulp and paper, metals and mining, food and beverage 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. and other industries. The company employs some 11,000 among its operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon in more than 30 countries. Elsag Bailey recorded revenues of $1.5 billion during 1997. For copies of additional press releases or quarterly reports, call Elsag Bailey's Fax-on-Demand service at 1-888-329-2311, or visit the Company's web site at www.ebpa.com. Requests for information can also be made via e-mail at investorinfo@bailey.com. |
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