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New Valco Group order from China |
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Tuesday, 16 February 2010 14:32 |
Westad awarded order from Chongquing Chuandong Shipyard
Westad Industri AS, a 100% owned subsidiary of Stavanger based Valco Group, received last week an order for manually operated cargo valves for 4 Chemical tankers of 9000 DWT each at Chuan Dong Shipyard in China, with possible option for delivery to another 2 tankers. The order value is $ 53 000 USD per ship and delivery to the first 4 vessels will be from June 2010 till March 2011.
The ordered valve type is Westad’s advanced double offset high performance butterfly valve, named Scorpio, prepared to work under high pressure in temperature range from +200°C to – 110°C.
The final customer is Norwegian Ship Owner Odfjell. The valve order is related to the new buildings announced by Odfjell in press release in February 2008. The first vessel is planned for delivery to Odfjell in September 2010, according to Odfjell quarterly magazine September 2009. Westad has earlier secured the order for free shaft cargo and ballast valves for the hydraulic remote controlled system for the same vessels.
“In the current market situation, 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 http://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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