GEA Group AG

Regulatory Filings • Oct 12, 2010

News Details

Corporate | 12 October 2010 13:10

GEA Group Aktiengesellschaft: GEA receives orders worth 28 MEUR from the Oil and Gas Industry

GEA Group Aktiengesellschaft / Key word(s): Miscellaneous

12.10.2010 13:10

Bochum, October 12, 2010 - GEA has received 3 major orders worth EUR 28
million for the supply of Air Cooled Heat Exchangers to projects of the oil
and gas industry. All of these orders were booked in Q3.

For a new LNG (Liquefied Natural Gas) plant in the southern highlands of
Papua New Guinea which is under development by Exxon Mobile and its joint
venture participants GEA Heat Exchangers received one order to design,
manufacture and supply more than 300 Air Fin Coolers. The heat exchangers
will be manufactured in the GEA factories in France and China. The new LNG
plant is intended to produce 6 million metric tons a year of liquefied
natural gas for shipment to international markets.

In Brazil, GEA Heat Exchangers received two orders for Air Coolers for the
new refineries of PETRÓLEO BRASILEIRO S/A - PETROBRAS in Pernambuco (North
East of Brazil) and for the Comperj refinery in Rio de Janeiro. Both
projects are part of an investment program of the Brazilian Oil Industry of
more than US$ 200 Billion in the next years.

'With these orders GEA Heat Exchangers confirms its strong position when it
comes to Air Cooling for the Oil and Gas industry' says Jörg Jeliniewski,
President of the Segment GEA Heat Exchangers.

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

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