AMEC WINS CONTRACT FOR JAMAICAN POWER PLANT

AMEC WINS CONTRACT FOR JAMAICAN POWER PLANT

FIAAugust.qxd 7/22/02 3:08 PM Page 4 Filtration Industry Analyst erection and start-up, which has been scheduled for January 2004. MARKET PROSPE...

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FIAAugust.qxd

7/22/02

3:08 PM

Page 4

Filtration Industry Analyst

erection and start-up, which has been scheduled for January 2004.

MARKET PROSPECTS

KINDER MORGAN OUTLINES EXPANSION PROJECT Kinder Morgan Energy Partners LP, which operates Plantation Pipe Line Co, plans to increase capacity on a 190-mile segment of the Plantation common carrier pipeline that transports refined petroleum products throughout the southeast US. The proposed US$116 million project, which is needed to meet the area’s growing need for gasoline, diesel and jet fuel, will entail replacing an existing eightinch pipeline between Bremen, Georgia and Knoxville, Tennessee with a new 20-inch pipeline. The project is being supported by long-term contracts with major oil companies.

POWER GENERATION EIB FUNDING TO UPGRADE LATVIAN PLANT, NETWORKS The European Investment Bank (EIB) is lending Latvia’s power company SJSC Latvenergo 80 million to improve power generation and distribution in Latvia. The loan will help upgrade a combined heat and power plant in Riga and the transmission and distribution networks throughout Latvia. The investments will allow Latvenergo to improve reliability of power supply by installing a modern combined-cycle gas turbine and by renewing 3000 substations and 4000 km of overhead lines.

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August 2002

AMEC WINS CONTRACT FOR JAMAICAN POWER PLANT Jamaica Public Service Co has awarded AMEC a contract for the detailed design, engineering and procurement services for the utility’s 120 MW gas turbine combined cycle power plant in Bogue, Jamaica. The new plant will expand the generating capacity on the island and provide much needed power for the growing number of resorts and citizens in the Montego Bay area of the island. AMEC will conduct the work through its Industrial & PharmaChem business unit office in Atlanta, Georgia. The project, which is on a fast track schedule, will start immediately. Simple cycle mechanical services are to be completed in July of this year and combined cycle operation will be introduced in March 2003.

PULP & PAPER UPM-KYMMENE TO EXPAND OPERATIONS IN CHINA UPM-Kymmene (Changshu) Paper Industry Co Ltd has received approval from the Chinese authorities to increase the capital of the company and to expand its operations. A detailed feasibility study to build a paper machine with an annual capacity of 450 000 tons of fine paper is ongoing. The aim is to present the final investment proposal for approval by UPM-Kymmene’s board of directors during autumn 2002. The new machine is scheduled to startup by the end of 2004. The mill in Changshu has been in operation since 1999

and in 2000 it became a 100%owned subsidiary of UPMKymmene Corp. The annual production capacity of the mill is 350 000 tons of coated and uncoated fine paper.

METSO REBUILDS GASPESIA PAPERS Metso Paper will supply a major rebuild of on-line printing and writing supercalendered coated paper line to Gaspesia Papers in Chandler, Quebec. The rebuild, which will cover all the main sections of the paper line, will be completed by mid-2004. This order includes an extensive package of Metso equipment for highly bleached pulp production, stock preparation, papermaking and finishing; all auxiliary systems for lubrication, mechanical drives and controls; a comprehensive package of spare parts; installation and supervision; a support package for after start-up; a basic training package; and a cooperation agreement between Gaspesia and Metso. The order also includes one of the most extensive automation systems sold by Metso Automation in recent years. The scope of supply comprises a complete metsoDNA system, systems for monitoring paper quality and testing as well as a large number of analyzers and a complete line of control valves.

KADANT SELLS RECYCLING SYSTEMS TO CHINA Kadant Black Clawson Inc has received multiple orders totalling more than US$8 million for stock-preparation systems that will be used to recycle pulp fibre at mills in China. The largest order, for US$4.2 million, is for a

complete stock-preparation system for Guangdong Dongguan Huangchong Yinzhou Paper Co Ltd in Guangdong Province. The system will remove impurities from recycled pulp, and clean, screen, and refine the pulp fibre before it is fed into a new paper machine scheduled to begin operation in 2003 for the production of brown corrugated board. Another order, valued at US$2.9 million, was placed by Refreshing Pharmaceutical Industrial Co for a de-inking line that will be installed in the company’s new pulp mill in Feicheng, Shandong during 2003. The Feicheng mill, a new business venture for Refreshing Pharmaceutical, will use the system to process mixed office waste for the production of pulp sold in the open market. Kadant Black Clawson received additional orders worth more than US$1 million for various stock-preparation products to be installed in China mills.

EU SET TO APPROVE GERMAN AID FOR STENDAL MILL Mercer International Inc says the European Union will not object to German governmental aid for its 550 000 tonnes greenfield softwood kraft pulp mill near Stendal, in Saxony-Anhalt, Germany. Project costs are estimated to be around 885 million and the project is expected to be completed about the end of 2004. The German government support includes government guarantees for up to 80% of the senior debt facilities and investment grants and incentives under various federal and state governmental programmes aggregating up to around 30% of the cost of eligible capital investments.