Alfa Laval has taken the decision to pause all shipments in and out of Russia, said the company.
The priority for Alfa Laval is to ensure the safety and wellbeing of its employees and provide support to those in the affected areas.
The Russian invasion of Ukraine is affecting Alfa Laval in many ways. The priority for Alfa Laval is to ensure the safety and wellbeing of its employees. Alfa Laval is providing financial and other support to affected employees. As the war is escalating, Alfa Laval will continue to review how to support and help its employees in the area – in the short and the long term. In addition, Alfa Laval will evaluate how it can further support the victims of the conflict.
Alfa Laval has decided to pause all shipments in and out of Russia. Historically the order intake from the markets in Russia and Ukraine has been approximately SEK 1 billion per year, equivalent to 2 percent of the total company. In parallel, an evaluation is being made of the existing orders and open projects. The total order book in Russia and Ukraine amounts to approximately SEK 750 million. The integrity of the order book will be re-assessed in connection with the first quarter report. In addition, some negative result effects are expected due to difficulties in completing ongoing projects.
Alfa Laval has a competent team of 240 employees in Russia and Ukraine. The team will be maintained despite the expected low utilization in the near term, while assessing the longer-term implications of the war on the Russian market.
As per MRC, Alfa Laval, a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling, has strengthened its operations in the United States with three new facilities, expanding its commitment to serving its customers in the United States.
As MRC wrote before, in 2017, Alfa Laval won an order to supply compact heat exchangers to a refinery in China. The order has a value of approximately USD10.6 MM. It was booked late June in the Gasketed Plate Heat Exchangers unit of the Energy Division, with deliveries scheduled for 2018.
Alfa Laval is a world leader in heat transfer, centrifugal separation and fluid handling, and is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets.
mrchub.com