Alfa Laval Group Wins SEK 55 Million Petrochemical Order in South Korea

Regulatory News:

Alfa Laval Group (STO:ALFA) – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply compact heat exchangers to one of the biggest phosphoric acid plants in the world to be built in the Middle East. The order, booked in the Energy & Process segment, has a value of approximately SEK 55 million and deliveries are scheduled for 2015.

The compact heat exchangers will be used in the production of phosphoric acid, an important ingredient in phosphate fertilizers.

"The petrochemical sector in the Middle East has grown significantly over the past ten years, and this order confirms our position as a trustworthy supplier of equipment to an industry with very high demands,” says Lars Renström, President and CEO of the Alfa Laval Group.

Did you know that… the Middle Eastern petrochemical industry reached an annual production of 121 million tons in 2012, and is accounting for 6 percent of the global production capacity? (Source: McKinsey, April 2014)

About Alfa Laval

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 food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.

Alfa Laval’s products are also used in power plants, aboard ships, oil and gas exploration, 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 Nasdaq OMX, and, in 2013, posted annual sales of about SEK 29.8 billion (approx. 3.5 billion Euros). The company has today, after the acquisition of Frank Mohn AS about 17 500 employees.

www.alfalaval.com

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