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GH News 16

FOR A COMBINED CYCLE PLANT IN EGYPT GH GETS ITS BIGGEST EVER ORDER IN THE EXTERNAL MARKET 45 EOT CRANES AND ONE GANTRY FOR THE AEROSPACE INDUSTRY IMPORTANT ORDER IN SAUDI ARABIA APDO. 27 Bº SALBATORE / 20200 BEASAIN - GIPUZKOA (SPAIN) ghsa@ghsa.com / www.ghsa.com WE VALUE YOUR OPINION PLEASE SEND US YOUR COMMENTS: ghsa@ghsa.com The project consists of providing equipment for a 4800 MW plant in Egypt. Our customer is ORASCOM, the main building company in that country, with which we have a long trajectory of co-operation, with GH providing important deliveries in the past. This project is an important step forward for GH and a reaffirment for our international projection. The requirements, made both by the Egyptian company and by its European partner, position us in the best situation to address these challenges in the future. To finance this important infrastructure in the African country, ORASCOM has temporarily merged with SIEMENS. Funding will be provided by the an Italian organism supporting development of African countries. The order consists of twenty cranes, eight of which are open winch, and the amount is $ 6.3 million The African continent is GH’s next expansion challenge and Egypt is one of the ports of entry to this important market in the future. We recently received one of the biggest kit orders ever received by GH in the international stage. In this project, which GH has managed coupled with our distributor in that country, ETIHAD Cranes & lifting Solutions, forty-five kits for EOT cranes and one kit for a gantry will be delivered. Some of the EOT cranes have two lifting speeds, so the number of hoists is 71 units. The project comes in the midst of this Arab country’s commitment towards diversification, and it consists of the building of a plant for the auxiliary maintenance of reaction jets in a facility within the complex King Abdul Aziz International. The investment this delivery is part of has a total funding of $125 million. It began in January 2013 and its finishing is scheduled for May 2016 The final customer is Saudi Aerospace Engineering industries and the contracting company is Freyssinet Saudi Arabia. For GH, this order reaffirms our business strategy in all the Arab countries, and specially in the Arabian peninsula and its emirates. AFRICA AND MIDDLE EAST


GH News 16
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