Key Developments: Alfa Laval AB (ALFA.ST)
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Latest Key Developments (Source: Significant Developments)
Alfa Laval AB To Consolidate Manufacturing Of Boilers In Asia
Alfa Laval AB announced that it has decided to consolidate manufacturing of boilers in Asia into one cost effective unit in Qingdao, China. The manufacturing in Hai Phong, Vietnam, with 170 employees will be closed during the second quarter of 2013. Full Article
Alfa Laval AB Proposes FY 2012 Dividend at SEK 3.50 Per Share
Alfa Laval AB announced that its Board of Directors has decided to propose a dividend payment of SEK 3.50 per share for the fiscal year 2012. For the fiscal year 2011, the Company paid a dividend of SEK 3.25 per share. Full Article
Alfa Laval AB Wins SEK 55 Million Order in United States
Alfa Laval AB announced that it has won another order to supply compact heat exchangers to a Liquid Natural Gas plant (LNG), this time for processing of shale gas in the United States. The order, booked in the Energy & Environment segment, is worth approximately SEK 55 million and delivery is scheduled for 2013. The Alfa Laval compact heat exchangers will be used in a new gas processing facility for shale gas in the United States. Full Article
Alfa Laval AB Wins SEK130 Million Offshore Gas Order In South Korea
Alfa Laval AB announced that it has won an order from the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) to supply Alfa Laval Aalborg heaters to a floating production, storage and offloading vessel (FPSO) which will be built in Korea. The order, booked in the Marine & Offshore Systems segment, is worth approximately SEK130 million and delivery is scheduled for 2013. Full Article
Alfa Laval AB Wins SEK 60 Million Orders
Alfa Laval AB announced that it has won its first order to supply Alfa Laval PureSOx exhaust gas cleaning systems. The order, booked in the Marine & Offshore Systems segment late December 2012, has a value of approximately SEK 60 million. Delivery is scheduled for 2013. Further details were not disclosed. Full Article
Alfa Laval AB Wins SEK 50 Million Order in South Africa
Alfa Laval AB announced that it has won an order from Wartsila to supply Alfa Laval Aalborg waste heat recovery system to a gas-fired power plant in South Africa. The order, booked in the Marine & Diesel Equipment segment late December 2012, has a value of approximately SEK 50 million. Delivery is scheduled for 2013. The Alfa Laval Aalborg heat recovery boilers will be installed in a newly built power plant in Sasolburg where they will recover waste heat from the gas engines’ exhaust gases and utilize this energy to generate superheated steam for the refinery process of the nearby ethylene production plant. Full Article
Alfa Laval AB Acquires Air Cooled Exchangers, LLC
Alfa Laval AB announced that it has acquired the US-based company Air Cooled Exchangers, LLC (ACE), a manufacturer of custom-engineered air-cooled heat exchangers, used to cool air, natural gas, oil and water in the natural gas market as well as other energy-related end markets. The intention is to integrate Air Cooled Exchangers, LLC into Alfa Laval's Energy & Environment segment, within the Process Technology division. The Company was acquired on December 31, 2012. Terms of the transaction were not disclosed. Full Article
Alfa Laval AB Secures Marine Environmental Order From MAN Diesel & Turbo
Alfa Laval AB announced that it has won the first commercial order from MAN Diesel & Turbo to supply Alfa Laval PureNOx water treatment systems to be integrated in a process to reduce harmful nitrogen oxides (NOx) emission onboard vessels. The order is worth approximately SEK 7 million and delivery is scheduled for 2013. Full Article
Alfa Laval AB Wins Order in Australia
Alfa Laval AB announced that it has won an order to supply compact heat exchangers to an LNG plant (Liquefied Natural Gas) in Australia. The order is worth approximately SEK 50 million and delivery is scheduled to take place in 2013 and 2014. The Alfa Laval compact heat exchangers will be used in a new gas processing facility in Australia where they will recover and reuse heat in the gas cleaning process, prior to the liquefaction. By reusing heat the compact heat exchangers will contribute to bringing down energy consumption and CO2 emissions. Full Article
Alfa Laval AB Wins New Solar Power Order in South Africa
Alfa Laval AB announced that it has received an order from Abengoa to supply Alfa Laval Packinox heat exchangers to a concentrated solar power plant in South Africa. Delivery is scheduled to be finalized in 2014. The Alfa Laval Packinox heat exchangers, specifically developed for this application, will be the heart of the thermal storage system where heat from solar power is stored in molten salt, thereby enabling electricity production even on rainy days or at night. The solution will allow the plant to operate for additional hours on stored energy, in this case an additional three hours (from 12 to 15 hours) which is a 25% efficiency increase compared to normal daytime solar power production. Financial terms of the contract were not disclosed. Full Article
Alfa Laval sees flat Q2 demand after Q1 profit, orders dip
STOCKHOLM - Engineering group Alfa Laval said on Tuesday it expected flat demand in the second quarter after first-quarter order intake and earnings fell more than expected.
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