mg's Energy Technology business wins contracts worth €75 million
Air-cooling systems for big-ticket projects in Qatar, China and Indonesia
New production facilities in Qatar and China
Bochum, June 6, 2005: The Energy Technology business unit of mg technologies ag has won contracts from Qatar, China and Indonesia to build air-cooling systems worth a total of approximately €75 million. This will enable this business, which forms part of mg's Process Engineering segment, to continue its strong performance after it won a record level of new orders in 2004. "Our Energy Technology unit's consistent focus on fast-growing markets and its development of innovative technological solutions are paying dividends", claimed Peter Schenk, a member of the Executive Board at mg technologies ag. "These new projects will enable us to extend our lead in the dry-cooling market." In order to meet the rising demand and expand its presence in the growing Asian markets, the Energy Technology business plans to build a production plant for air-cooling systems in Qatar and another one in China.
This business unit has won a contract from Qatar to supply air-cooled condensers and air coolers for a petrochemical plant. The order is worth approximately €28 million and has been awarded by a consortium of firms consisting of Technip (France) and Chiyoda (Japan). The plant will liquefy 7.8 million tonnes of natural gas per year.
In the first quarter of this year, the Energy Technology unit won substantial orders worth a total of roughly €47 million from China and Indonesia. It is to build air-cooled condensation plants for a large power station in Inner Mongolia, China. The customer is Datang International Power Generation Inc. The business unit will also supply a wet cooling tower for another Chinese power plant.
In Indonesia, the Energy Technology unit is equipping a plant with air coolers and air-cooled condensers for liquefying gas. The order has been awarded by Japan Gasoline Corporation.
