FS-Elliott Overview Presentation

2009

A World Leader for Centrifugal Compressors

FS Elliott Co., LLC

FS-Elliott Co., LLCHeadquarters & Manufacturing5710 Mellon Road Export, PA

Service Center & Warehouse6013 Enterprise DriveExport, PAIncorporated in the USA State of PennsylvaniaEstablished - October 1, 2003

Slide 2

Parent Company

Fusheng Industrial Co., Ltd.

Established in 1953

Privately held - Majority ownership is with the Lee Family Trust.

Website – www.fusheng.com

> US$ 1.0 Billion in Revenue

Slide 3

Fu Sheng Group

Largest manufacturer of IC lead frame in the

Great China.

New Division launched in Mar. 1st 2008

MachineryDivision

Precision ProductsDivision

Leading manufacturer of Compressors in the Great China.Employees 3,100

Largest manufacturer of golf club heads with 30% worldwide market shareEmployees 15,000

ElectronicsDivision

Sporting GoodsDivision

Business Divisions

Largest manufacturer of IC lead frame in Greater ChinaEmployees 1,100

New Division Launched in Mar 1st 2008

Employees 250

Zhongshan, China

Beijing, China

Ho Chi Minh City, Vietnam

Pittsburgh, PA, USA

Oberhausen, Germany

Taipei, Taiwan

St. Louis, MO, USA

Shanghai, China

Shanghai, China

Machinery Division - Geographical Coverage

Machinery Division – Compressor Products

Air Compressor Product LinesPiston - Air Compressors 0.5 kW ~ 20 kW (Air Cooled)Oil Flooded Screw - Air Compressors 7.5 kW ~ 250 kW (Air & Water Cooled)Compressors Water Injected Screw Type 150 Kw ~ 250 kW (Air & Water Cooled)Centrifugal Compressors to 3,000 kW

Slide 6

Compressor Product Lines

Refrigerant Hermetic Type Screw Compressors 40 ~ 300 Refrigerant Tons

Package Airman Portable Oil Flooded Screw - Air Compressors 10 kW ~ 125 kW (Air Cooled) Electric And Diesel

Slide 7

Machinery Division – Compressor Products

FS-Elliott Co. – Export, PAUSA

EngineeringSales & MarketingAccounting & FinanceParts and ServiceIndustrial & EngineeredAPI 672 Compressor Manufacturing /Packaging /Testing

Slide 8

Machinery Division – Compressor Products

Headquarters – Export, PA

Employees - 235 and growing

45 – associate degrees

81 – undergraduate degrees

15 – graduate degrees

Average Employee Tenure – more than 10 years

FS-Elliott Co., LLC – Export, USA

Slide 9

40 kM East of Pittsburgh, PA, USA

13 Hectares of land

20,000 m2 of manufacturing & warehouse space

4,000 m2 of office space

Mellon Road facility –Headquarters & manufacturing

Enterprise Drive – Service center & warehouse

Slide 10

FS-Elliott Co., LLC – Export, USA

Manufacturing ;Recent Investments

4 Niigata 800 & 1,000 mm Horizontal Machining Centers (compressor gear casings)

1 Niigata 630 mm Horizontal Machining Center (compressor diffusers)

2 Okuma & Howa 1,000 mm Vertical Turn Mills (compressor casings & backplates)

1 Maxtec Super Abrasive Grinder (Impeller Profiling)

1 Hermle 5-Axis Machining Center (Impellers)

Slide 11

FS-Elliott Co., LLC – Export, USA

Test Facility Investment:Completed in September 2006Air End and Complete Unit CapabilityVariable Frequency Drive SystemFull load testing up to 3,000 kW at 50 Hz & 60 HzVoltages to 6,600 VClosed cooling water systemAutomated data acquisition system

Slide 12

FS-Elliott Co., LLC – Export, USA

Service Support FacilityService parts centerCustomer service Service ManagementNorth-central USA sales officeRe-manufacturingTraining center

Slide 13

FS-Elliott Co., LLC – Export, USA

9,000 m2 Packaging Facility

FS-Elliott Shanghai Facility

Slide 14

FS-Elliott Shanghai Facility

State of the art, full-service facility completed in 2005Rated No 1 in ChinaLocated in FU SHENG’s Shanghai campus.Operations:

Package designProduction controlProject engineeringFabricationAssemblyPaintTrainingReplacement Parts

COME AND VISIT US !Slide 15

FS-Elliott Compressor Products

100 kW - 3,000 kW 20 m³/min - 500 m³/min1, 2 & 3 Stage UnitsDrivers

Electric MotorsSteam Turbine

Discharge Pressures 2 barg ~ 12 bargPLC based Digital Control Systems

Slide 16

PAP PLUS ® & Polaris ®Power RangesRanges PAP & Polaris 设备功率范围

D

CH

BH

A1

PAP PLUS ® Frames

3000 kW

2250

1500

750

0

3750 kW

3000

2250

1500

750

0

P 800

P 700

P 600P 500

P 300P 400

Polaris ® Frames

18

Global Operation

Operations in USA, Europe, Middle East and Asia PacificSales & Service Offices Across the Globe

More than 100 Distributors and Agents

19

Some of our Recent Customers

FS-Elliott in the Middle East

The Leader in Engineered Air

FS-Elliott PAP + History in the Middle East1976

First Pap Compressor Installed the Middle East –SAFCO Dammam1978

First Saudi Aramco Installation - Ras TanuraFirst UAE Installations – Buhasa/BAB/ASAB

1982First Kuwait Installation – Mina Ahmadi

1985Introduction of the Pap-Plus

1987Saudi Aramco begin replacement of existing (non-FS-E ) compressors at many of the Gas Plants with FS-Elliott Pap-Plus Compressors

1993GAS Arabian Agreement Includes Pap-Plus Product Line

2000100TH Pap Air Compressor delivered to Saudi Arabia

2006150TH Pap Air Compressor delivered to Saudi Arabia

2008FS-Elliott & GAS Arabian Sign Joint Venture to deliver Training, Service Support, Repair and New Unit Packaging in Kingdom

Signing of Agreement July 08

FS-Elliott Recent History

During the Past 5 Years We have Continued to Grow our API 672 Business in the Middle East:

UAE Takreer RuwaisUAE GASCO Ruwais/OGD/AGD/Das IslandOman Qalhat LNG QalhatSaudi Arabia S.Aramco Ain Dar Shedgum / Rabigh /

Ju’ Aymah / Khursaniyah / Tanajib

SIPC JubailJCP JubailSABIC Yansab / SharqSaudia JeddahAr Razi Ar Razi

Qatar Qatar Pet Co Ras Laffan RefineryApprox $55 M in Contracts. More than 40 installations

Why Have FS-Elliott Enjoyed Success

Complete & Cost Effective Service to the EPCComplete PackageFlexible SolutionsCompliance to SpecsEngineering ExpertiseInnovationProject Management

DocumentationQA/QC

End User Satisfaction:Unsurpassed Reliability Minimal Energy Cost Easy MaintenanceStrong Product Support

Complete Package

We Accept Battery Limit Responsibility for the complete Air Utility

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

API614 OIL CONSOLE & CLOSED LOOP COOLING SYSTEM

Flexible Solutions

Ju’AYMAH GAS PLANT

Compliance to Specification

KHURSANIYAH

Engineering Expertise

Innovation

Design for Single lift ModuleClosed Loop Cooled package

Project Management

Improved Process Focuses on Communication;Critical Meetings:• Scope Of Supply Review • Internal Handover• Customer Kick Off• ITP Review

Strong Team • Project Manager• Product Engineering• Controls Engineering• Production Control• Quality Assurance• Purchasing • Vendor Expediting & Inspection

Gas Arabian Facility - Jubail

FS-Elliott and GAS Arabian have Established a Joint Venture to Offer a Broad Range of Services & Products

Gas Arabian Facility - Jubail

Slide 33

Gas Arabian Facility - Jubail

Slide 34

Gas Arabian Facility - Jubail

FS-Elliott Saudi Arabia Services Ltd

Services OfferedCustomer Class Room Training Classes

MaintenanceOperationService

Repair ServicesRotor BalancingAir End OverhaulEquipment Upgrades & Re-ratesOn-Site support ServicesLong Term Maintenance Programs

Offering the Complete range of FS-Elliott Air Compressor Packages to the Middle East Market PlaceObjectives:

Maximize Saudi Arabian Content Maintain Quality Standards

Focus on Saudi Arabian based S.Aramco Qualified Vendors Core Compressor will Undergo Performance Test at Our USA facility in Accordance with CSD Recommended Guidelines

Facilities:500 m² area under roof Integral with the Service Facility11 m High Bay with 40 Metric Ton Lifting CapacityAdjacent Fabrication Facility for Auxiliary Piping

FS-Elliott Saudi Arabia Ltd

Performance Assured

Slide 37

Motor mounted in Jubail or Export Oil System Fabricated and

Tested in Jubail

Air End and baseplate Fabricated and Tested in USA Sub-skid fabricated in Jubail

Complete Package Engineered & Assembled By FS-Elliott Saudi Arabia Ltd

Jubail supplied Instrument Rack

Jubail Plot Plan

SCHEDULE

First Customer Training Class December 08

Service Shop Operations 4th Qtr 2009

Packaging 1st Qtr 2010

FS-Elliott Saudi Arabia Services Ltd

Jubail Service & Packaging Facility

19 m1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

1

2 Ground Floor Major PartsRotor Balancing Room & Stores

3

4First Floor - Office Rooms

5Toilets

6 20T Crane-6.5 m span

7 Assembly Station - 1

8

9

10 Assembly Station - 3

11

12 24 m

13

14 20 T Crane - 6.5 m span

15 Assembly Station - 410 T Crane - 6.5 m span

16

17Assembly Station - 2

18

19Air End Assembly - Servicing Area

20

21 Work bench Work bench

22

232 x Jib Crane - 2T Ea

24

6.5 m entrance

Jubail Service & Packaging Facility

Jubail Service & Packaging Facility

Sub-Base Skid

THANK YOU !!