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Sweden's Termo Holding group wins new waterjet product orders in France and Spain.

NORDIC BUSINESS REPORT-1 August 2007-Sweden's Termo Holding group wins new waterjet product orders in France and Spain(C)1994-2007 M2 COMMUNICATIONS LTD

Swedish industrial and engineering group Termoregulator Holding AB (Termo Holding) said on Wednesday (1 August) that Marine Jet Power, a subsidiary of its foundry business Osterby Gjuteri, has secured two new orders for waterjet products in southern Europe.

In France Marine Jet Power secured a SEK50m order for its new waterjet product, Double Reverse Bucket, from a new customer. The order, awarded by an unnamed shipyard, is the largest single order in the company's history and represents a breakthrough for the product.

Marine Jet Power also received a SEK14m order from an existing customer in Spain.

Termo Holding, headquartered in Motala, Sweden, comprises the foundry business Osterby Gjuteri with the business areas Marine Jet Power and Alcopropeller, and the sheet metal components manufacturing and assembly business TermoRegulator. Termo Holding is listed on the Nordic alternative market First North.

One British pound (GBP) is worth approximately 13.74 Swedish kronor (SEK).

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUSW
Date:Aug 1, 2007
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