Converteam Awarded Major Contract for Thyssenkrupp Steel and Stainless, LLC's Greenfield Investment



    PITTSBURGH, Oct. 2 /CNW/ - Converteam, the leading global power
conversion specialist, has been awarded a major orders by Fives Lille
Industries Inc. and SMS Demag for the supply of the complete electrical and
automation systems for ThyssenKrupp's Greenfield combined carbon and stainless
steel plant to be constructed in Mount Vernon, Alabama.

    
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    Renowned for its expertise in industrial processes and global project
management, Converteam will supply full electrical and automation systems for
three single stand reversing mills (Sendzimir Mills) and one Skin-Pass Mill
designed for the stainless steel plant; four continuous galvanizing lines, one
tandem cold mill coupled with a pickle-line and one stand-alone continuous
pickle-line designed for the flat carbon steel plant.
    The scope of supply runs from engineering design, controls, automation,
drives, manufacture, delivery, installation, commissioning and customer
training. Converteam will work in close cooperation with major partners SMS
Demag and Fives DMS who will supply the mechanical portion.
    Design work is well under way, and the new Alabama facilities will start
production in the first quarter of 2010. The plant will manufacture and
process carbon and stainless steels for high-value applications throughout
North America. When fully operational, the plant will employ around 2,700
people and will supply industries including automotive, packaging,
construction, electrical and utility, in addition to serving manufacturers of
appliances, precision machinery and engineered products.
    "This contract confirms Converteam's leading position in the metals
market and utilizes our in-depth knowledge of our customer's processes,
requirements and values. Converteam's supply is jointly handled by our French,
German and North American units, drawing on their specific strengths,
expertise and skills and illustrates the Group's maturity in dealing with
global projects," said Ms. Nathalie Renard, Senior Vice President,
Communications.

    About Converteam

    Converteam Group is a world leader in power conversion engineering.
Building on over a century of experience, it is firmly placed at the leading
edge of technology and innovation with a global reputation for excellence in
the conversion of electrical energy. Converteam develops and provides
solutions built around three core components: rotating machines, drives and
process automation. Serving specialized sectors as well as its core markets in
Marine & Offshore, Oil & Gas, Energy and Industry, its 4,600 staff members
provide power conversion solutions worldwide. At year-end 2007, Converteam
sales totaled $1,400,000,000. Converteam's North American Headquarters is
located in Pittsburgh, PA.




For further information:

For further information: Jana M. Grubor, Manager, External
Communications of Converteam Inc., (412) 963-3279, jana.grubor@converteam.com,
Web Site: http://www.converteam.com

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CONVERTEAM INC.

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