/REPEATING FROM LATE YESTERDAY FOR POINTS NEEDING/
ROPER SUBSIDIARY IN NEGOTIATIONS WITH GAZPROM COMMERCE, Ga., Jan. 28 /PRNewswire/ -- Roper Industries, Inc.
(NASDAQ: ROPR) announced today that its subsidiary, Compressor Controls Corporation (CCC), has entered into a letter of understanding with GAZPROM, the Russian gas production and distribution company, for the supply of CCC surge protection systems for compressors on a number of GAZPROM's gas pumping stations being scheduled for upgrading.
The letter of understanding reflects GAZPROM's selection of CCC to manufacture and install its compressor control systems over a 7-year period, and is expected to involve negotiation of a series of one-year control system supply and installation agreements. The agreements would be contingent on availability of mutually acceptable financing. GAZPROM has undertaken to seek assistance from the State International Trade Enterprise (GAZEXPORT) in arranging for such financing. Compressor Controls Corporation was acquired by Roper Industries in September 1992. CCC designs and manufactures advanced control systems for large air and gas compressors and for steam and gas turbines. Roper Industries is an international manufacturer of fluid handling and industrial control products. -0- 1/28/93 R /CONTACT: Zane Metcalf of Roper Industries, 706-335-5551/ (ROPR)
CO: Roper Industries, Inc.; Compressor Controls Corporation; GAZPROM ST: Georgia IN: MAC SU:
BR-RA -- AT019 -- 0642 01/29/93 09:47 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Jan 29, 1993|
|Previous Article:||KAISER ALUMINUM, LAROCHE CHEMICALS ENTER WORLDWIDE JOINT VENTURE IN ALUMINA TRIHYDRATE BUSINESS|
|Next Article:||McM CORPORATION DISCONTINUES EFFORTS TO SELL REMAINING COMPANIES IN McM GROUP|