Contract Award for Scana in China
Scana Leshan Machinery Ltd. in China, a subsidiary of Scana Industrier ASA, has
taken several orders for delivery of cast steel, rolls & sleeves:
· To China Construction Engineering Bureau in Shanghai Scana shall
deliver construction nodes for a new exhibition center. This contract is worth
15.7 mill RMB. Scana has a strong competitive position within cast steel nodes
for buildings and infrastructure projects across China. Scana also provided
nodes for the Bird's Nest National Stadium in Beijing where the opening ceremony
at the 2008 Olympics took place.
· The Bao Tao Steel Group has awarded Leshan Scana a 9.1 mill RMB order
for rolls for the manufacturing of train tracks and profile steel beams. China
will upgrade its rail system and infrastructure as a stimulus measure aimed at
reducing the impact of the global financial crisis. Scana is a leading producer
of rolls and sleeves for such products and Bao Tao has been a major customer to
the company for many years.
· Various steel mills have placed orders of approximately 17.8 million
RMB of various types of arbours, rolls and sleeves. These orders are repetitive
orders of ongoing deliveries with these customers.
Leshan Scana has managed to maintain adequate levels of sales and adequate
returns so far in 2010 given pressure on prices and weaker demand.
Scana has achieved a strong competitive position in China and Leshan Scana is
now focusing on developing international quality standards and high production
efficiency. This will be achieved through western expertise in combination with
motivated and talented locals.
For further information, please contact:
Mr Rolf Roverud, CEO of Scana Industrier ASA, tel. +47 911 67581
Mr Christian Rugland, CFO of Scana Industrier ASA, tel. +47 952 952 55
Mr. Leif Ness, MD Leshan Scana Machinery Ltd., tel. +86 138 8137 9997
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1409503]