VA Technologie AG

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VA TECH T&D captures contracts with a total value of over EUR 100 million

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13.01.2005

Order for switchgears in Tunisia worth EUR 42 m Industrial order from Brazil valued at EUR 25 m Switchgear projects in the UK totalling EUR 36 m

VA TECH Transmission&Distribution, a subsidiary of the listed VA TECH
and one of the world’s leading manufacturers of plants for
high-voltage transmission and distribution, has recently secured
major, international orders with a total value of over EUR 100 m.
Moreover, during the 2004 financial year, order intake was raised by
9% to more than EUR 1.2 bn.      
Tunisia’s leading energy supplier awards T&D a EUR 42 m contract
STEG, Tunisia’s leading energy supply company, has entrusted VA TECH
T&D with an order for six turn key substations,TH7m-type. The
project, which is worth approximately EUR 42 m, is set to take around
two years.
Project worth EUR 25 m from the Arcelor subsidiary, CST
VA TECH T&D has recently secured its largest ever order in the
Brazilian market.
Companhia Siderurgica de Tubarão (CST), an Arcelor Group subsidiary
and one of the most important steel producers in the world, has
commissioned the VA TECH company with the entire electricity supply
for a steel plate plant, the production capacity of which is
currently being enlarged from 5 -7.5 m t/a.The contract includes
three gas insulated, outdoor switchgear bays, several high-voltage
transformers, automation and protection systems. Project completion
is planned for March of 2006.
Switchgear projects in the UK worth around EUR 36 m
The UK National Grid, Transco, has allotted four switchgear projects
from around the country to VA TECH T&D. In all four cases, the scope
of delivery includes supply, installation and start-up.  In addition,
as part of modernisation of the rail links to the west coast of
England, VA TECH T&D is to assume responsibility for two transformer
links and the modification of the related switchgear control and
protection systems. All in all, these orders have a value of about
EUR 36 m.
China buys three high-voltage transformers with a value of over EUR 2
m
VA TECH Elin Transformer Guangzhou is to deliver three single-phase,
high-voltage autotransformers (250 MVA 500 kV) for a substation in
Jining, China.  The customer is the Shandong Provincial Electric
Power Company, which is responsible for the complete electricity
supply of the 91 million inhabitants of the province of Shandong.
With regard to the current project, VA TECH T&D was able to fight off
stiff competition from local manufacturers. VA TECH Elin Transformer
Guangzhou entered the Chinese 500 kV high-voltage market in 2003. It
is assisted during project completion by the Centre of Competence and
its European sister companies, led by VA TECH ELIN Transformatoren in
Weiz, Austria.  

Order intake up by 9% In 2004, VA TECH T&D raised its order intake by 9% over the preceding year to EUR 1,230 m. The strongest regions in terms of sales were Europe, the Near/Middle East and Africa. Among the most significant orders received was a major contract worth some EUR 40 m from the Romanian National Grid company, Transelectrica, for the update of two high-voltage switchgear stations.

end of announcement                                euro adhoc 13.01.2005 15:03:21
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Further inquiry note: Bettina Pepek Press Officer Tel: 0043 1 89100 3400 Fax: 0043 1 89100 3431 bettina.pepek@vatech.at

Branche: Technology
ISIN:      AT0000937453
WKN:        093745
Index:    WBI, ATX Prime, ATX
Börsen:  Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Wiener Börse AG / official dealing



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