More orders for Valvitalia
Orders of 230 million (+14%) at the end of November. The boost came from the Arabian Peninsula, with new orders amounting to 37 million and a portfolio reaching 60.
by Luca Orlando
It was a year of growth for Valvitalia, the valve manufacturer, which reported an order intake of 230 million euro on 30 November, up 14% compared to the same period last year.
The most recent orders include two major contracts won by the Valves & Systems Division in the Arabian Peninsula, with a total value of EUR 37 million.
Middle East that has been pushing up the sector's order intake for some time now, with Saudi Arabia set to become the leading foreign market by 2024. This situation is confirmed by Valvitalia's figures, bearing in mind that the business generated in the macro-region contributes almost 30% of the total volume of orders acquired by the Group, to a value exceeding 60 million euros.
The main agreement has an economic countervalue of EUR 30 million and concerns the turnkey supply of two gas regulation and measurement stations for two power plants in Saudi Arabia. The order comes on behalf of one of the largest engineering and industrial plant construction companies on a global scale. The agreement opens up favourable prospects for increasing supplies in the area and for building a long-term industrial partnership, in line with the Group's sustainable development strategy.
Also noteworthy is the order worth EUR 7 million from the United Arab Emirates, taken over by Valvitalia China, which will manufacture medium-large and highly complex valves for an offshore plant in the Persian Gulf.
