GEA Group Aktiengesellschaft: GEA receives another major order to supply equipment for lithium production in Australia
GEA receives another major order to supply equipment for lithium production in Australia
Düsseldorf, February 19, 2018 - At the end of 2017, GEA received yet another order from MSP Engineering Pty Ltd to equip a new, ultra-modern facility for the production and processing of lithium. GEA was awarded an order of a similar size only around a year ago. The new plant belonging to Tianqi Lithium Australia Pty Ltd will also be located in Kwinana, 38 km south of Perth, Western Australia. The order will once again see GEA supply and install evaporation, crystallization and drying technology for the new facility. The installation is planned for 2018. The Tianqi Lithium group has a majority stake in the Talison Greenbushes lithium mining operations and is the world's leading producer of lithium concentrate from spodumene. It is currently expanding its existing operations for the separation and washing of lithium hydroxide. The new facility should be able to convert an additional approx. 161,000 tons of spodumene concentrate into 24,000 tons of lithium hydroxide per year. Lithium hydroxide is used in the growing global market for lithium-ion batteries. As was previously the case, this order will see GEA take care of the development, manufacture, testing and commissioning of the key process equipment required to produce pure lithium hydroxide monohydrate (LiOH.H2O) and its by-product, dried sodium sulphate. "The growing market for electric cars and smartphones, for example, has resulted in global demand for lithium rising continuously. We're delighted to have secured another major order in this promising market, and it shows that GEA is perfectly positioned thanks to its extensive know-how in the realization of technology projects for lithium processing," said Niels Erik Olsen, Member of the Executive Board of GEA Group Aktiengesellschaft with responsibility for the Business Area Solutions. "Our technology portfolio, which includes spray drying of lithium, allows us to cover significant parts of the overall production chain for lithium. Our technology helps sustain the exploitation of the precious lithium that is essential for the production of lithium-ion batteries."
Corporate Media and Press: Marc Pönitz Peter-Müller-Str. 12, 40468 Düsseldorf, Germany Phone +49 (0)211 9136-1500 firstname.lastname@example.org
About GEA GEA is one of the largest suppliers for the food processing industry and a wide range of other industries that generated consolidated revenues of approximately EUR 4.6 billion in 2017. The international technology group focuses on process technology, components and sustainable energy solutions for sophisticated production processes in various end-user markets. The group generates around 70 percent of its revenue in the food and beverages sector that enjoys long-term sustainable growth. As of December 31, 2017, the company employed about 18,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX (G1A, WKN 660 200). In addition, GEA's stock is included in the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com.
Contact: GEA Group Aktiengesellschaft Phone +49 (0)211 9136 1492 Fax +49 (0)211 9136 31087 gea.com
19.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: GEA Group Aktiengesellschaft Peter-Müller-Straße 12 40468 Düsseldorf
Germany Phone: +49 (0)211 9136-0 Fax: +49 (0)211 9136-31087 E-mail: email@example.com Internet: www.gea.com ISIN: DE0006602006 WKN: 660200 Indices: MDAX Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange End of News DGAP News Service