Alfa Laval’s Tranter Brand Intends to Consolidate Its Manufacturing of Welded Heat Exchangers
January 22 2015 - 7:45AM
Business Wire
Regulatory News:
Alfa Laval Group (STO:ALFA) – a world leader in heat
transfer, centrifugal separation and fluid handling – has today
announced that Tranter will initiate structural changes to secure
long-term competitiveness for its welded heat exchanger business in
Europe. The initiative is part of the savings program announced by
Alfa Laval in October 2014.
Tranter, a group of companies within the Alfa Laval Group,
intends to consolidate its European manufacturing footprint of
welded heat exchangers to the existing manufacturing site in
Schopfheim, Germany. The intention is to close the site in Artern,
Germany, by July 31 2015. The change will affect about 70
employees.
“Tranter’s welded heat exchanger business is important and this
consolidation is necessary to stay competitive in the longer term,”
says Lars Renstr�m, President and CEO of the Alfa Laval Group.
Tranter will now actively work to minimize the negative impact
for the affected employees.
Did you know that…Alfa Laval in October 2014 announced a
restructuring package estimated to reach a level of savings of SEK
300 million on an annual basis during the fourth quarter of
2015?
About Alfa Laval Group
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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Alfa LavalPeter TorstenssonSenior Vice President,
CommunicationsTel: + 46 46 36 72 31 Mobile: +46 709 33 72
31orGabriella GrotteInvestor Relations ManagerTel: +46 46 36 74
82Mobile: +46 709 78 74 82
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