Alfa Laval focus on Water Management and Life Science
Alfa Laval, a world leader in centrifugal separation, heat transfer and fluid handling, announced during its Capital Market Day, that the company will focus its acquired growth mainly on two fast growing areas: “Water Management” and “Life Science”.
“Both Water Management and Life Science are markets were we already today are active with our core products. However, as these areas show a double-digit growth we have to secure that we penetrate these markets and capture the potential. To be able to do that we have to invest. This means that we will focus on acquisitions where we together with our existing know-how and our existing product portfolio create an attractive offering for our customers,” says Mr. Sigge Haraldsson, President and CEO of the Alfa Laval Group.
The Life Science market is predominantly the pharmaceutical and biotech industry. Biopharmaceuticals have grown by 11% annually during 1999-2002 and are expected to continue to grow on this level for the coming years.
The Water Management market is defined as equipment and systems for water, wastewater and sludge. It is a market with a global spend in equipment and services of approx. MEUR 13 000. The market is growing and estimates show that the market will grow to MEUR 18 000 until 2007.
“It is a growing market and trends like tougher environmental legislation, increasing demand on industrial cleaning and increasing hygiene, will further drive the business”, says Mr. Nils Olof Björk, Senior Vice President, Business Development.
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 foods 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 Stockholm Exchange and, in 2002, posted annual sales of about SEK 15 billion (approx. 1.7 billion euros). The company has some 9,100 employees.
For further information, please visit the Alfa Laval website at
Source: Alfa Laval Corporate AB