STOCKHOLM, Sweden, July 2, 2004 (PRIMEZONE) -- In May the US Midwest suffered from a tornado which devastated a Nebraska School compound consisting of three buildings. Munters received the contract, consisting of the Elementary, Junior High and High School campuses of the Norris County School District, to restore damages after the said storms.
The contract signed is worth USD 2,7 million.
The restoration work started with traditional water damage restoration but expanded to document drying and specific cleaning services as the project progressed. The project is a good example of Munters broadening the offering from traditional water damage restoration to full service offering for property damage restoration. The final phase, just awarded, included the contents cleaning and involves cleaning all the desks, chairs and other school contents. In total this is about 30,000 to 40,000 cubic meters of a variety of products to be restored. Munters started the project on May 21, 2004 and it will be completed by the end of August 2004. "This project adds credibility to the already strong Munters brand name and will give Munters a strong foot hold in the Property Damage Restoration market", says Lauren Reid, Vice President & General Manager of Munters Moisture Control Services.
For further information, please contact:
Lennart Evrell, CEO Tel: +46 8 626 63 03 Mob: +46 70 588 15 15 or
Bernt Ingman, CFO Tel: +46 8 626 63 06 Mob: +46 70 672 74 54
Munters is the world leader in humidity control with products and services for water and fire damage restoration, dehumidification, humidification and air cooling. Customers are found in a wide range of segments, the most important being insurance-, utilities-, food-, pharma- and electronics- industries. Manufacturing and sales are carried out via the Group's own companies in more than 25 countries in Europe, Americas, and Asia. The Group has 3,000 employees and net sales of SEK 4,200 million. Munters is listed on Stockholmsborsen, the Stockholm Stock Exchange. For more information see www.munters.com
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http://www.waymaker.net/bitonline/2004/07/02/20040702BIT00150/wkr0001.pdf