Alfa Laval lands multi-million Russia order

Alfa Laval lands multi-million Russia order
Moscow is looking to add more nuclear capacity to its energy portfolio. File photo: Ann Törnkvist
Swedish industrial technology firm Alfa Laval has won an order for compact heat exchangers in Russia worth 90 million kronor ($13.8 million).

“This order reflects the good demand we have seen for power applications for some time now, and it also confirms the good general activity level in Russia,” said Lars Renström, President and CEO of the Alfa Laval Group, in a statement on Friday.

The Alfa Laval heat exchangers will be used in safety systems for cooling the reactor units in a nuclear power plant in Russia, the world's third largest generator of nuclear power. The International Atomic Energy Agency, ranked Russia second in the world in terms of number of reactors under construction in 2012. Spokespersons from Alfa Laval were not available for comment on the importance of the Russian nuclear market when contacted on Friday.

The order, booked in late December is valued at approximately 90 million kronor ($13.8 million). Delivery is scheduled to start in 2014 and be finalized in 2016. 

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 firm's worldwide organization works closely with customers in nearly 100 countries.

Alfa Laval is listed on Nasdaq OMX, and, in 2012, posted annual sales of about 29.8 billion kronor. The company currently employs around 16,400 employees.




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