GLV's pulp and paper group receives contracts worth C$15.5M in Europe and North America

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GLV's pulp and paper group receives contracts worth C$15.5M in Europe and North America

April 29, 2010 - 02:41

MONTREAL, April 29, 2010 (CNW) -GLV Inc. announced today that it has been awarded new major contracts worth close to $39M. Among these contracts, the Water Treatment Group has obtained a $13.5M order from an Australian food processing company for a system that allows reusing up to 3 million litres of process water a day. It has also won two contracts totalling $9.7M for the delivery of water screening systems to Middle East companies operating in the energy and oil and gas sectors.

In addition, the Pulp and Paper Group has received orders totalling $15.5M from North American and European producers. Pursuant to these contracts, the Group will deliver solutions based on GLV's technologies to increase productivity, machine reliability, product quality and new product manufacturing capability.

These contracts add to the numerous smaller-scale orders awarded to both groups over the last few months.

"The orders won since the beginning of the year attest to both groups' ability to meet the diversified needs of a customer base present on five continents," indicated GLV's President and Chief Operating Officer Richard Verreault. "The water treatment industry remains dynamic and our teams are continuing their efforts to develop close business relations with customers in order to provide them with custom-made solutions meeting their expectations in terms of efficiency and operating costs. In the pulp and paper industry, the award of some of the latest contracts confirms the first signs we have been observing since last fall of renewed investment by pulp and paper manufacturers worldwide. Thus, the Pulp and Paper Group will continue to bank on the solidity of its proprietary product line, expertise and global network to take advantage of the business opportunities that should arise as companies resume their investments to upgrade their facilities."