Atlas Copco Receives Large Contract for Chinese Chemical and Petrochemical Market
Posted on: Friday, 1 December 2006, 06:00 CST
Atlas Copco (STO:ATCOA) has received a contract from the Chinese chemical and petrochemical market. The customer, Datang Power, has ordered three six-stage turbo compressors to be used in a coal gasification process. The order has an overall contract value of more than MSEK 118 (MEUR 13).
Installed in Inner Mongolia (China), the three six-stage turbo compressors will be used in a coal-to-olefin application, a process also known as coal gasification. Olefin is a raw material used to produce plastics.
Headquartered in Beijing, Datang Power is one of the largest independent power producers in China, but is also expanding its position in the chemical and petrochemical market.
"Conversion technologies such as coal gasification are an emerging market, especially in the Far East. Atlas Copco is a proactive player here and is going to great lengths to meet specific customer application needs," says Ronnie Leten, Business Area President, Atlas Copco Compressor Technique.
The order was won by the Atlas Copco Gas and Process division within the Compressor Technique business area. The core units will be produced in Cologne, Germany. Packaging will be done in China.
Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 150 markets. In 2005, Atlas Copco had 27 000 employees and revenues of BSEK 53 (MEUR 5 600). Learn more at www.atlascopco.com.
Gas and Process is a division within Atlas Copco's Compressor Technique business area. It develops, manufactures and markets large, customized gas and process compressors and turbo expanders, and their respective aftermarket products. Its products are used primarily by the oil and gas, chemical/petrochemical process and power industries worldwide, and also by industries that specialize in gas production through air separation. The divisional headquarters and main production center is located in Cologne, Germany.
This information was brought to you by Waymaker http://www.waymaker.net
Source: Business Wire
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