Alfa Laval consolidates manufacturing of boilers in Asia

  Alfa Laval consolidates manufacturing of boilers in Asia

Business Wire

LUND, Sweden -- February 7, 2013

Regulatory News:

Alfa Laval (STO:ALFA) – a world leader in heat transfer, centrifugal
separation and fluid handling – has decided to consolidate its manufacturing
of boilers in Asia into one cost effective unit in Qingdao, China. The
manufacturing in Hai Phong, Vietnam, with 170 employees will be closed during
the second quarter of 2013.

Alfa Laval acquired Aalborg Industries in May 2011 and the acquisition also
included two manufacturing units for boilers in Asia; Qingdao, China and Hai
Phong, Vietnam.

“The Hai Phong manufacturing unit has performed well. However, to stay
competitive we have decided to consolidate our footprint in Asia. This will
lead to a better cost structure”, says Lars Renström, President and CEO of the
Alfa Laval Group. “The timing for the change is triggered by the drop in
demand for boilers.”

The cost of the closing of the manufacturing in Vietnam has been provided for
and no further costs are expected.

Did you know that… in the end of 2012 the Alfa Laval Group had 32 major
manufacturing units; 15 in Europe, 9 in Asia, 6 in the US and 2 in Latin

About Alfa Laval

Alfa Laval is a leading global provider of specialized products and
engineering solutions based on its key technologies of heat transfer,
separation and fluid handling.

The company’s equipment, systems and services are dedicated to assisting
customers in optimizing the performance of their processes. The solutions help
them to heat, cool, separate and transport products in industries that produce
food and beverages, chemicals and petrochemicals, pharmaceuticals, starch,
sugar and ethanol.

Alfa Laval’s products are also used in power plants, aboard ships, in the
mechanical engineering industry, in the mining industry and for wastewater
treatment, as well as for comfort climate and refrigeration applications.

Alfa Laval’s worldwide organization works closely with customers in nearly 100
countries to help them stay ahead in the global arena.

Alfa Laval is listed on Nasdaq OMX, and, in 2012, posted annual sales of about
SEK 29.8 billion (approx. EUR 3.5 billion). The company has today about 16400

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Alfa Laval
Peter Torstensson
Senior Vice President, Communications
Tel: + 46 46 36 72 31
Mobile: +46 709 33 72 31
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