STOCKHOLM, Sweden, Feb. 18, 2004 (PRIMEZONE) -- Sapa invests 130 MSEK to extend the production capacity for the production of heat exchanger strip at the Sapa Heat Transfer Shanghai plant. The investment will more than double the production capacity to over 40,000 tonnes and the investment includes land, property and machinery.
The project is initiated immediately with planning and procurement. The investment also takes into consideration future demands for heat exchanger material. It will also lead to an increase in quality and efficiency.
"We expect a continuing positive growth in China and Asia", says Michael Mononen, Vice President, Heat Transfer. "The investment is a natural step in our continuing focus to support manufacturers of heat exchangers for the automotive industry globally."
The investment is scheduled to be in operation in 2006.
For further information please contact Michael Mononen, Vice President, Heat Transfer, telephone: +46-122-831 05.
Sapa is an international industrial group, which develops and markets value-added aluminium profiles, profile-based components and systems, and heat exchanger strip in aluminium. Sapa will in 2003 have a turnover of approximately 12 billion SEK, with 7,800 employees all over Europe and in USA and China. Sapa is one of Europe's leading companies within its field and the customers are found in the transport, building, engineering and telecom industries. Sapa is listed on the O-list of Stockholmsborsen.
Further information about Sapa can be found on our web site www.sapagroup.com
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