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New contracts worth more than US $10 million for GL&V.

GL&V's Pulp and Paper group, Trois-Rivieres, Quebec, Canada, landed contracts worth more than C$ 10 million (US$ 15.5 million) from three North American pulp and paper manufacturers. GL&V was awarded a C$ 6.3 million (US$ 4 million) contract by Eli. Glatfelter Co. as part of its "New Century" project. This project, worth US$25 million, is aimed at the complete upgrading of Glatfelter's brown stock facilities in Spring Grove, Pennsylvania. GL&V will provide various systems designed to meet the requirements of the mill with a 400 ton/day production capacity, and designed to meet the most stringent environmental standards. In addition, GL&V received a C$ 2 million (US$ 1.3 million) contract to upgrade some of the equipment at Kruger's Wayagamack mill in Trois-Rivieres, Quebec. This contract is part of a major modernization program worth C$ 493 million (US$ 318 million.) Finally, GL&V was awarded a C$ 2 million (US$ 1.3 million) contract from another Quebec pulp and paper producer to upgrade certain systems and install a new hydraulic headbox.

In other GL&V news:

GL&V USA Inc., Hudson Falls, New York, a subsidiary of GL&V, Montreal, Qudbec, purchased a new ONE PASS, which is nozzle casting roll covering equipment, from Coldwater Resins Inc. Covers produced with this new equipment will be for wire rolls, wet felt rolls and reel spools. Coldwater Roll covers produced at the Hudson Fails facility beginning in late 2002 are made from water repelling polyurethane and other modern polymeric composites, and are specifically designed for paper machine applications. The expansion into roll covering is complementary with the roll service, grinding and repairs already offered by GL&V. The facility, formerly Sandy Hill Inc., is also well known for its foundry capability and its paper machine dryer castings.

GL&V USA has also signed a letter of intent with Baker Hughes Incorporated to acquire its EIMCO Process Equipment division (EIMCO), Salt Lake City, Utah. EIMCO, with annual sales of $US 180 million, is a supplier of" high-performance technologies for liquid/solid separation processes. This acquisition, which would be GL&V's largest ever, is subject to customary conditions, and pertinent approvals. It is expected the transaction, which will be financed by bank debt, will be complete in late October.
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Title Annotation:Supplier News
Publication:Solutions - for People, Processes and Paper
Date:Oct 1, 2002
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