GEA Group AG

Regulatory Filings • Feb 23, 2009

News Details

Corporate | 23 February 2009 13:10

GEA Group Aktiengesellschaft: GEA receives 38 MEUR order from the United States

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/New York, February 23, 2009 - The GEA Group has received the order
to design, manufacture and erect the Air Cooled Condenser for the 575 MWe
Astoria II combined cycle power plant in Queens/New York City (USA). The
order volume is approximately EUR 38 million. The project will be executed
by GEA Power Cooling in Denver/Colorado (USA) from 2009 until 2011. The Air
Cooled Condenser bundles will be manufactured in GEA's new manufacturing
plant in Celaya (Mexico).

'This order shows us, that there is demand for environmentally friendly
cooling technology in the US-market. In the U.S., there is a trend to
replace existing power plant capacity with new, efficient and
environmentally friendly technologies' says Dr. Helmut Schmale, head of the
Thermal Engineering Division of GEA Group.

The use of an Air Cooled Condenser in this power plant project helps to
save natural resources as the steam from the power plant is cooled and
condensed in a closed system, and thus no water is consumed for the cooling
or is delivered to the environment as hot water. As a pioneer in dry
cooling, GEA already introduced this technology to large industry
applications 90 years ago. Since these early days, GEA constantly developed
the technology with respect to both reliability and performance.

GEA Group Aktiengesellschaft is Germany's largest listed mechanical
engineering group. As an international technology group, the company
concentrates on specialty mechanical engineering, with a focus on process
technology and components. Consolidated sales amounted to EUR 5.2 billion
in 2007, when the group generated over 50 percent of its sales in the
high-growth food processing and beverages industries. As of September 30,
2008, the company's workforce comprised over 21,000 employees, based in 50
countries. The GEA Group ranks as a market and technology leader in 90
percent of its business areas and is listed on the German MDAX share index
(G1A, WKN 660200).
23.02.2009 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, Hamburg, München; Freiverkehr in Hannover,
Stuttgart

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