Alfa Laval Enters Agreement with European Shipyards

The supplier frame agreement is made between Alfa Laval and Euroship, a group of European shipyards made up of Chantiers de l’Atlantique, Alstom Marine of France, Fincantieri S. p. A. of Italy, Howaldtswerke Deutsche Werft and Jos. L. Meyer Werft of Germany and Izar Construcciones Navales S. A. of Spain. The frame agreement covers supplies of fuel oil and lube oil separator modules for the new constructions built at the Euroship yards. The aim is to co-ordinate standards between Alfa Laval and Euroship so that supplies can be specified and shipped according to agreed standards, thereby improving delivery times and lowering costs for all parties involved. Svante Karlsson, Executive Vice President of the Alfa Laval Group, said: “This frame agreement marks an opportunity for Alfa Laval to develop a major line of business whilst the collaboration allows us to gain invaluable experience from a professional group of companies. The experience we gain from this agreement will not only be of benefit directly within the framework of the agreement, but will further improve our competitiveness in the global market with other clients in the shipbuilding industry.” With potential orders from the Euroship group under the agreement valued at 10 MEUR per year, the parties plan to extend the agreement beyond its December 2004 deadline. The parties also intend to increase the scope of the agreement - once it has proven itself of value - to other important Alfa Laval lines of business, including plate heat exchangers and freshwater evaporator The separator modules covered by the agreement are manufactured at Alfa Laval S.p.A. in Monza, Italy. They are assembled from parts and components also supplied by Alfa Laval Iberia S. A.