Alfa Laval delivers environmentally friendly solutions to Fincantieri
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has recived a major order from the Italian shipbuilding group Fincantieri. The order includes the complete fuel oil treatment system for five cruise ships and two ro-ro vessels. The total order value is approximately SEK 75 million, of which SEK 30 million was booked late 2004.
The order from Fincantieri features a rather unusual solution for the marine application; Double wall heat exchangers to avoid contamination. Another solution includes a heat recovery system for the cruise ship “Costa Crociere”, based on a new generation of heat exchangers. The solutions are environmentlly friendly and and decrease the fuel consumption. The cruise ships are built on behalf of the Carnival Group and the ro-ro vessels are owned by Finnlines. The systems will be delivered during 2005 and 2006. Complete solutions for product tankers for approx SEK 18 million Besides the cooperation with Fincantieri Alfa Laval has recently provided solutions for 14 product tankers belonging to the Latvian Shipping Company. The approx SEK 18 million contracts were signed with two different shipyards and consist of products from Alfa Laval’s core product portfolio for the marine industry, e.g. fuel and lubricating oil treatment systems, fresh water distillers and heat exchangers. Four of the tankers will be built by Hyundai Mipo in Korea. The other ten tankers will be produced by a shipyard in Croatia. Editor's notes: Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling. The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce foods and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol. Alfa Laval’s products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications. Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena. Alfa Laval is listed on the Stockholm Exchange and, in 2004, posted annual sales of about SEK 15 billion. The company has some 9,500 employees. For further information, please visit the Alfa Laval website at www.alfalaval.com. Fincantieri is one of the largest and most diversified shipbuilding groups in Europe and in the world. The Company designs, builds and markets cruise ships, all kinds of ferries, surface combatants, auxiliary ships and submarines. Fincantieri has developed a long tradition in designing and building ships. Two hundred years of history marked by the construction of over 7,000 ships, from Alaska to the Caribbean, continues to take the image of Italian industry out into the world. Further information can be found at www.fincantieri.it For more information please contact: Peter Torstensson Vice President, Communications Alfa Laval Tel: + 46 46 36 72 31 Mikael Sjöblom Investor Relations Alfa Laval Tel: +46 46 36 74 82