GEA Group AG

Capital/Financing Update • Jul 14, 2009

News Details

Corporate | 14 July 2009 11:40

GEA Group Aktiengesellschaft: GEA to build Cooling Tower in Florida for 10 MEUR

GEA Group Aktiengesellschaft / Miscellaneous

Announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Bochum/Denver, July 14 2009 - GEA Power Cooling Inc., a subsidiary of GEA
Group, received an order to supply, design and erect a cooling tower for
the combined cycle power plant 'West County' in Palm Beach County, Florida,
USA. The order will be commissioned until 2011. GEA already had supplied
the first two cooling towers for this power plant, which will have a total
installed capacity of 3,750 MW. The cooling towers supplied by GEA will
enhance the ecological and economical operation of the power plant.

'This new order from the US corresponds to a recent trend in this region to
invest into new, efficient and environmentally friendly power generation',
said Juerg Oleas, CEO of GEA Group Aktiengesellschaft.

GEA has been a pioneer in industrial cooling. As a part of the Energy and
Farm Technology segment, GEA's Thermal Engineering Division is a leading
global player in dry and wet cooling systems. Main customers are the power
plant industry as well as all sectors of the process industry such as
chemicals, petrochemicals, Gas-to-Liquids (GTL) and Liquefied-Natural-Gas
(LNG) plants.

GEA Group Aktiengesellschaft is one of the largest pure mechanical
engineering groups in Germany. As an internationally operating technology
group, it concentrates on specialty mechanical engineering with a focus on
process technology and components. Group revenue amounted to EUR 5.2
billion in fiscal year 2008. The Group generated about 50 percent of its
revenue from the long-term growing food and beverage industries. As of
December 31, 2008, a workforce of over 21,000 employees served customers in
50 countries. GEA Group is a market and technology leader in 90 percent of
its business areas. GEA Group is listed in the MDAX index (G1A, WKN
660200).
14.07.2009 Financial News transmitted by DGAP

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Language: English
Issuer: GEA Group Aktiengesellschaft
Dorstener Straße 484
44809 Bochum
Deutschland
Phone: +49 (0)234 980-0
Fax: +49 (0)234 980-1004
E-mail: investor.relations@geagroup.com
Internet: www.geagroup.com
ISIN: DE0006602006
WKN: 660200
Indices: MDAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Düsseldorf, München, Hamburg; Freiverkehr in Hannover,
Stuttgart

End of News DGAP News-Service

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