Systemair receives further orders for infrastructure projects in India
Systemair has received three orders worth together approximately 14 million SEK in India. In India there are a number of ongoing major infrastructure projects. Ten new airports will be built and 35 will be updated/upgraded.
Kolkata Airport is one of India's largest airports. Systemair delivers a variety of ventilation products to an order worth approximately 5 million SEK, and delivery of products will start at the beginning of November.
Delhi Metro Rail Cooperation and Delhi Airport Metro Express Line orders are linked to the breakthrough order we had to Delhi Airport in 2009. Ventilation products for a value of approximately 9 million SEK delivered to these two projects.
"-There are a number of major infrastructure projects in India where we see a great potential to contribute and deliver our products. These are three prestigious orders that clearly strengthens our position in India", says Systemairs CEO Gerald Engström.
For further information contact:
Gerald Engström, CEO, + 46 222 44 001, + 46 70 519 00 01
Paresh Mishra, Sales Director India, + 91 99 1010 5570
Systemair AB, 739 30 Skinnskatteberg, Sweden, +46 222 440 00, www.systemair.com
Systemair in brief
Systemair is a leading ventilation company with operations in 39 countries in Europe, North America, the Middle East, Asia, Africa and Australia. The Company had sales of SEK 3.2 billion in financial 2009/10 and currently employs about 2,300 people. Systemair has reported an operating profit every year since 1974, when the Company was founded. During the past 15 years, the Company's growth rate has averaged about 15 percent.
Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, VEAB and Fantech brands. Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchange in Stockholm since October 2007. The Group comprises about 60 companies