Westad Industri is awarded 6 MNOK order from Yangfan Group Co., Ltd.
Last week Westad Industri AS, a 100% owned subsidiary of Stavanger based Valco Group, received an order for manually operated stainless steel cargo valves to six chemical tankers under construction at the Yangfan shipyard in China. The value of the order is approximately NOK 6 million. The owner of the ships is TB Marine in Germany. The same owner has 12 more tankers in order in China. Westad already have orders for the actuated valves for the same ships. “In current market situation, with very low activity on new building of LNG vessels, we are very proud that Westad again has proven to be competitive and is chosen as the preferred valve supplier by a shipyard in Asia”, says President & CEO Oddbjørn Kopperstad. Westad Industri, located at Geithus, approximately 70 kms outside Oslo, has produced valves since 1895. Today, Westad’s specific applications for the Marine industry include valves for - LNG tankers.
- LPG and LEG tanker systems
- Chemical carriers.
- Crude oil and Product tankers.
Westad also offer valves for Land-based and Off-Shore applications. See further information under westad.valcogroup.no For further information, contact Mr. Oddbjørn Kopperstad, CEO of Valco Group, +47. 90 55 1477 or
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Mr. Kjell Ove Hatlem, CFO, phone +47. 48 13 1065 or
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