STOCK TITAN

Alfa Laval wins SEK 155 million off-shore orders in Brazil

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Alfa Laval has secured two significant orders to deliver Framo pumping systems for FPSO vessels off the coast of Brazil, valued at approximately SEK 155 million. Scheduled for delivery in 2021, these systems will be utilized for firewater and seawater lift services. President of the Marine Division, Sameer Kalra, emphasized the reliability and operational efficiency of these systems. The company continues to focus on sustainable growth and technological innovation, strengthening its position in diverse industries worldwide.

Positive
  • Secured two large orders for Framo pumping systems worth SEK 155 million.
  • Deliveries scheduled for 2021, indicating future revenue.
Negative
  • None.

LUND, Sweden, Sept. 14, 2020 /PRNewswire/ --  Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has won two orders to supply Framo pumping systems for two FPSO (Floating Production, Storage and Offloading) vessels to operate outside the coast of Brazil. The orders have a total value of approximately SEK 155 million and are booked in the Pumping Systems unit of the Marine Division, with deliveries scheduled for 2021.  

The two orders comprise marine pumping systems for firewater and sea water lift service.

"I am pleased to announce these two large orders for our Framo pumping systems. These reliable and durable systems are used in a variety of duties, where they provide safe operations and optimized performance," says Sameer Kalra, President of the Marine Division.

Did you know that… Framo pumping systems are used in four main areas: cargo, offshore, environmental and aquaculture? 

This is Alfa Laval 

Alfa Laval is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth, and driving progress - always going the extra mile to support customers in achieving their business goals and sustainability targets.

Alfa Laval's innovative technologies are dedicated to purifying, refining, and reusing materials, promoting more responsible use of natural resources. They contribute to improved energy efficiency and heat recovery, better water treatment, and reduced emissions. Thereby, Alfa Laval is not only accelerating success for its customers, but also for people and the planet. Making the world better, every day. It's all about Advancing better™.

Alfa Laval has 17,500 employees. Annual sales in 2019 were SEK 46.5 billion (approx. EUR 4.4 billion). The company is listed on Nasdaq OMX.

www.alfalaval.com

For more information please contact:

Johan Lundin
Head of Investor Relations
Alfa Laval
Tel: +46 46 36 65 10
Mobile: +46 730 46 30 90

Eva Schiller
PR Manager
Alfa Laval
Tel: + 46 46 36 71 01
Mobile: +46 709 38 71 01

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/alfa-laval/r/alfa-laval-wins-sek-155-million-off-shore-orders-in-brazil,c3193454

The following files are available for download:

Cision View original content:http://www.prnewswire.com/news-releases/alfa-laval-wins-sek-155-million-off-shore-orders-in-brazil-301129876.html

SOURCE Alfa Laval

FAQ

What is the value of the orders won by Alfa Laval for the FPSO vessels?

The total value of the orders is approximately SEK 155 million.

When is the delivery of Alfa Laval's pumping systems scheduled?

The deliveries for the pumping systems are scheduled for 2021.

What type of systems did Alfa Laval win orders for?

Alfa Laval won orders for Framo pumping systems used for firewater and seawater lift services.

Where are the FPSO vessels that Alfa Laval's systems will operate?

The FPSO vessels will operate off the coast of Brazil.

Who is the President of Alfa Laval's Marine Division?

Sameer Kalra is the President of the Marine Division.

ALFA-LAVAL AB UNSP/ADR

OTC:ALFVY

ALFVY Rankings

ALFVY Latest News

ALFVY Stock Data

17.58B
413.33M
0.01%
Specialty Industrial Machinery
Industrials
Link
United States of America
Lund