PARIS, FRANCE---March 5, 2012---Steel production doubled in Turkey from 2001 to 2010[1], and currently new projects are launched to establish new steel capacities and modernize existing ones. They will allow Turkey to face strong domestic consumption and answer the high international demand for Turkish steel products.
Within this context, GE Energy's (NYSE: GE) Power Conversion business,was recently awarded a significant contract for the supply of electrical and automation equipment for Posco Assan TST's new Cold Rolling Mill facility in Turkey. GE's expertise in metals processes was the key factor for entering this country. This order furthermore increases the group's presence in the metals segment in Turkey, the second largest steel producing country in Europe.
Posco Assan TST, a joint venture between Turkey's Kibar Holding and South Korean companies Daewoo and Posco, will build a new stainless steel mill plant in Izmit, Turkey. This plant aims to meet 40 percent of Turkey's demand for stainless steel.
Based on its in-depth knowledge of advanced process controls, Power Conversion has been selected by Fives DMS, a worldwide leading mechanical company, to supply electrical and automation equipment for two new 64-inch Sendzimir Cold Rolling Mills for this facility. GE will provide in-house manufactured induction motors fed by Power Conversion MV7000 Medium Voltage drives, low voltage drives and Level 1 automation process, including thickness, flatness and tension controls. GE's scope also will include supervision of erection, commissioning and personnel training.
The mills are scheduled to enter into the production phase during the first half of 2013 and will have a capacity of 200,000 tons per year. They will be dedicated to roll hot rolled coils for the production of ferritic stainless steel materials. In a second step, the production capacity of the plant could gradually increase to 400,000 tons per year.
In addition to this contract, Power Conversion recently won another order for electrical equipment for hot rolling mills in Turkey, underpinning its excellent reputation as a supplier of electrical equipment for steelworks and rolling mills in Turkey.
GE has developed a complete set of equipment and functions to help optimize the metals processes, including advanced process control and automation systems such as automatic gauge control (AGC) and automatic flatness control (AFC) for cold rolling mills.
More than 150 projects have been executed by GE Energy's Power Conversion business around the world during the last five years, including iron and steel making, cold and hot rolling mills, processing lines, etc.
GE Energy's Power Conversion business is a leading supplier for the metals, mining, material handling and test bench industries for the most advanced and innovative electrical solutions combining motors, variable speed drives and automation and process control. GE's strong familiarity with customers' processes allows the development of tailored automation solutions to achieve unique performances like one of the fastest tinning process, some of the deepest hoist mine winders, advanced container cranes, the latest generation of super-heavy-lift cranes for offshore wind turbine installation or one of the largest wind turbine test benches.
In addition to technologies provided by Power Conversion, GE Energy has a significant presence in the mining sector with GE Metals Solutions, which is part of GE Global Industries---GE Energy's new cross-business unit that takes the best technologies from across GE Energy's diverse portfolio and interconnects them to increase efficiency and results for customers in critical business sectors such as food and beverage, metals, mining, petrochemicals and unconventional fuels.
About GE Energy's Power Conversion business
GE Energy acquired Power Conversion (then known as Converteam) in September 2011.
GE Energy's Power Conversion business applies the science and systems of power conversion to help drive the electric transformation of the world's energy infrastructure. Designing and delivering advanced motor, drive and control technologies that evolve today's industrial processes for a cleaner, more productive future. It serves specialized sectors such as energy, marine, industry and all related services. To learn more, please visit: www.ge-energy.com/electrifyingchange.
About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
GE Energy works connecting people and ideas everywhere to create advanced technologies for powering a cleaner, more productive world. With more than 100,000 employees in over 100 countries, our diverse portfolio of product and service solutions and deep industry expertise help our customers solve their challenges locally. We serve the energy sector with technologies in such areas as natural gas, oil, coal and nuclear energy; wind, solar, biogas and water processing; energy management; and grid modernization. We also offer integrated solutions to serve energy- and water-intensive industries such as mining, metals, marine, petrochemical, food & beverage and unconventional fuels.
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[1] IMMIB (General Secretariat of Istanbul Mineral and Metals Exporters Association) figures
Howard Masto
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