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VA Technologie AG

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VAI gets off to a flying start in 2005

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
14.01.2005
•Over EUR 500 million in order intakes already during January 2005  
•EUR 2 bn order backlog secures use of capacity 
•Record year in 2004 with order intake of EUR 1.62 bn
Following the record year 2004, the successful business development
of VAI, a subsidiary of the listed VA Technologie AG, continued at
the beginning of 2005. As Gerhard Falch, the VOEST-ALPINE
Industrieanlagenbau GmbH Chairman and Vice-Chairman of VA Technologie
AG explains, "Due to the taking effect of the major orders from
Hadeed worth around EUR 340 million, negotiated and agreed upon in
October 2004, and other contracts worth more than EUR 160 million
from Saudi Arabia, the CIS, China, Iran, Poland and Turkey, VAI can
already point to an order intake in January 2005 of over EUR 500
million."
Further order from Saudi Arabia
Apart from the major orders for the world’s largest direct reduction
plant and the enlargement of the electric steelmaking plant, Hadeed
has allocated VAI a further order worth around EUR 13 million for
modifications to the hot dip galvanizing plant at Al-Jubail, which
was originally supplied by VAI in 1998. This new order was presented
to VAI on the occasion of an official ceremony to mark the start of
the complete project.
Additional order successes in traditionally strong markets  
In the CIS, VAI has secured orders with a total value of around EUR
60 million. These include contracts for a continuous caster for
Alchevsk and a ladle furnace for Azovstal.  
Orders for a dry dedusting system for the Chinese steel producer,
Baosteel, an electrical steelmaking plant for the Turkish steel
company Colakoglu and a strip coating plant for the Huta Florian in
Poland represent further items on the list of current order
successes.
Steel plant for long products in Iran
The Iranian steel producer, Vian Steel, has commissioned VAI POMINI,
an Italian VAI subsidiary specialising in technologies for the
production and processing of long products, with the supply of an
electrical steelmaking plant and a billet caster worth over EUR 50
million for its plant in the province of Hamadan. As a result of its
planned steel production expansion, Iran remains an interesting
market for VAI.
Record order backlog secures employment and confirms the strategic
orientation  
As a consequence of the steady increase in order intake, which in
2004 reached an all-time high of EUR 1.62 bn, the VAI order backlog
has also risen in January 2005 to a record value of over EUR 2 bn.
Gerhard Falch, "This order backlog means that the use of capacity
within the VAI Group is secured for the next two years. The probity
of our choice of strategy as a life cycle partner for the iron, steel
and aluminium industry is further underlined by the continuing
positive developments in the areas of automation and metallurgical
services."
end of announcement                    euro adhoc 14.01.2005 08:10:56 

Further inquiry note:

Bettina Pepek
Press Officer
tel: 0043 1 89 100 3400
fax: 0043 1 89 100 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

Plus de actualités: VA Technologie AG
Plus de actualités: VA Technologie AG