SKÅNES FAGERHULT, Sweden--(BUSINESS WIRE)--Regulatory News:
Alfdex AB, a 50/50 joint venture between Alfa Laval and Concentric (STO:COIC) – has signed an exclusive supplier agreement with one of the world’s largest producer of heavy trucks. The agreement to supply Alfdex Oil Mist Separators is valid until 2017 with a total estimated value of at least SEK 500 million.
The agreement with the European truck manufacturer makes Alfdex an exclusive supplier of oil mist separators and is valid for manufacturing in the US, Europe and Japan until 2017.
“Alfdex is today the established, proven and leading solution for cleaning of crankcase cases and this agreement confirms that fact, says David Woolley, President and CEO of Concentric AB.
The contract states that all trucks with in-house manufactured engines will be equipped with the unique Alfdex oil mist separator – the most widely used solution for active cleaning of crankcase gases. The Alfdex separator uses the centrifugal separation technique to remove oil droplets and soot so that only clean gases are returned to the manifold and can be emitted to the environment.
“We are very happy that Alfdex have signed this agreement with one of the world’s biggest truck manufacturer,” says Lars Renström, President and CEO of the Alfa Laval Group. “The agreement confirms Alfdex strong position as supplier of sustainable solutions.”
The supplier agreement covers Alfdex new improved generation oil mist separators which has been developed to match the coming European legislation: Euro-6.
North America, Japan and South Korea already has legislation in place that limits the oil content in crank case gases and the EU will follow in 2014.
About Alfdex
Alfdex is the world leader in the area of reducing crankcase emissions from diesel engines by using an active separation system. The separation principle is based upon Alfa Laval’s long experience in centrifugal separator technology for systems that separate liquids from liquids and solid particles from liquids. Alfdex has exploited this special technology and refine it to separate particles and liquid droplets from gas. Almost every truck manufacturer in North America and Europe are using Oil Mist Separators from Alfdex. Over three hundred thousand heavy trucks are equipped with a separator system from Alfdex annually.
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 the Nordic Exchange, Nordic Large Cap, and, in 2010, posted annual sales of about SEK 24.7 billion (approx. 2.6 billion Euros). The company has 12 600 employees.
About Concentric
Concentric is a global company specializing in fluid dynamics and fluid power technologies that provide better fuel economy, emissions reduction, vehicle control and productivity in trucks, buses and off-road vehicles.
The company is organized into two operating regions - Americas and the rest of the world, each offering the world's commercial and industrial vehicle manufacturers two main product ranges. The Concentric range is widely recognized for reliable, innovative solutions in conventional and variable flow oil and coolant pumps as well as fuel pumps for the medium and heavy-duty diesel engines. Haldex branded hydraulic pumps, hydraulic motors, power packs and flow dividers are the preferred choice for many of the leaders in construction equipment, agricultural equipment, lift trucks, aerial work platforms, trucks, buses and transmissions.
Concentric is listed on the NASDAQ OMX Stockholm stock exchange and has a yearly turnover of about 2 BN SEK.
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