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GEA received a major order from the power industry

Bochum, August 26, 2010 – The GEA Group has received a large order over EUR 20 million from a renown EPC contractor active in the Middle East for a Heller dry cooling system. GEA's installation will cool a new gas fired combined cycle power plant with a capacity of 750 MW. The Heller natural draught indirect dry cooling system provides a method for the cooling of large scale power plants that is ideal with regard to water conservation and energy saving.

“The Middle East is developing as one of the world’s growth regions when it comes to power production. Besides power production from conventional sources, the first renewable projects such as solar thermal power plants are being realized now. These projects are located in dry regions and will operate under extreme environmental conditions that require very robust and efficient dry cooling systems. Due to our global presence with air cooled condensers as well as indirect dry cooling systems, we are well positioned to benefit from this trend”, says Jörg Jeliniewski, president of the Segment GEA Heat Exchangers.

Air cooled condensers, indirect dry cooling systems as well as cooling towers and other cooling components from GEA Heat Exchangers are used in many areas of the power industry, from conventional thermal power plants to renewable power plants such as geothermal or concentrated solar power plants.

GEA had briefly mentioned the following large order from Asia for the Segment GEA Process Engineering with its Q2 results. In a new turn-key project Vinamilk, a market leader in the production of dairy products in Vietnam, has placed an order for the delivery of two full dairy processing lines for the production of infant formula. The order is worth more than EUR 30 million and marks Vinamilk’s to-date biggest investment in dairy processing equipment. GEA’s business segment GEA Process Engineering will be delivering the full processing lines and also carry out all utility installations, the mechanical installation and the start-up of production. Each of the two processing lines for infant formula will have a capacity of 4 metric tons per hour. Production of infant formula on the new production lines is scheduled for start-up in August 2012. The production lines will be located on the outskirts of Ho Chi Minh City, the capital of Vietnam.

GEA Group Aktiengesellschaft is one of the largest system providers for food and energy processes with about EUR 4.4 billion in 2009 revenue. As an internationally operating technology group, the company focuses on process technology and components for demanding production processes in various end markets. The group gains about 70 percent of its revenue in the long-term growing food and energy industries. The company's workforce comprised over 20,000 employees worldwide as of June 30, 2010. GEA Group is a market and technology leader in its business areas. The company is listed in the MDAX index (G1A, WKN 660200).

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