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Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas Industrial Panel, Tuesday, Sept. 23rd Presentation Title TITANIUM PLATE HEAT EXCHANGERS IN INDUSTRIAL PROCESSES Abstract of U. Fehlauer´ presentation Ulrich Fehlauer will introduce GEA Group AG and its spectrum of products, that includes its global Plate Heat Exchanger (PHE) business first. Secondly he will provide a comprehensive general overview of the global market of PHE, in specific gasketed and welded types of PHE. He will of course focus on the role the titanium industry plays in the support and continued growth of the titanium PHE business. Space will be given to the industrial applications in particular to the marine- and petrochemical- application where titanium is the preferred material when it comes to seawater-cooling. The presentation will have an actual and future approach and will end with a message to the titanium industry.

Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

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Page 1: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas Industrial Panel, Tuesday, Sept. 23rd Presentation Title

TITANIUM PLATE HEAT EXCHANGERS IN INDUSTRIAL PROCESSES Abstract of U. Fehlauer´ presentation

Ulrich Fehlauer will introduce GEA Group AG and its spectrum of products, that includes its global Plate Heat Exchanger (PHE) business first. Secondly he will provide a comprehensive general overview of the global market of PHE, in specific gasketed and welded types of PHE. He will of course focus on the role the titanium industry plays in the support and continued growth of the titanium PHE business. Space will be given to the industrial applications in particular to the marine- and petrochemical- application where titanium is the preferred material when it comes to seawater-cooling. The presentation will have an actual and future approach and will end with a message to the titanium industry.

Page 2: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

GEA Group AG-GEA PHE Systems –

-Ulrich Fehlauer-

Titanium Plate Heat Exchangers in Industrial Processes

Page 3: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Agenda

Introduction to GEA

Global market for PHE

Which industrial applications need Titanium

Why Titanium for PHE?

Actual and future aspects

Message to the Titanium industry

Questions & Answers

Page 4: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Agenda

Introduction to GEA

Global market for PHE

Which industrial applications need Titanium

Why Titanium for PHE?

Actual and future aspects

Message to the Titanium industry

Questions & Answers

Page 5: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

GEA Group AG – a German M-DAX stock-listed corporation

Page 6: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

GEA Group AG – 88 years of engineering exellence

Page 7: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

GEA stands for Global Engineering Alliance

GEA Group is a leading global technology group with over 250 operating companies in roughly 50 countries

Our core competences are specialtymechanical engineering and plant engineering

We are one of the world‘s market and technology leaders in 90 per cent of our business

What GEA stands for

Page 8: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

8,981 m$Employees Bookings

19,560

GEA Group AG - some facts & figures of 2007

Page 9: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Air Treatment

Process Equipment

Mechanical Separation

Refrigeration

Farm Technologies

Thermal Engineering Process Engineering

EmissionControl

Pharma Systems

GEA Group AG – fields of business

Page 10: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Plate Heat Exchangers

Flow Components

Industrial Heat Exchangers Homogenizers

GEA Process Equipment Divison – fields of business

Page 11: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

GEA PHE Systems – Competence in Heat Transfer

Page 12: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

1995 GEA Ecoflex GmbH was founded out of GEA Ahlborn GmbH to be responsible for gasketed plate heat exchangers (GPHE) within GEA Group

1995 TAU Energy Products AB, Landskrona/S was bought, to become 1999 GEA Ecobraze AB, responsible for brazed plate heat exchangers (BPHE).

From GEA Ecoflex to GEA PHE Systems…

2002 Acquisition of welded plate heat exchangers (WPHE) from Balcke Dürr

2004 Acquisition of WTT GmbH, Nobitz/D one of the world leading manufacturer of brazed PHE

2005 Acquisition of Hydroweld/S and its 30.000 t press for gasketed PHE and of FlatPlate Inc, York/PA., the US leading manufacturer of brazed PHE

2006 Acquisition of WCR Europe, leading group of AS & S-comp. in D; NL; B; S

2008 Acquisition of ViEX Inc, Toronto/CA one of the leading manufacturer of bloc-type WPHE

Page 13: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

and from a 15 Mio $ single company… to a…

Page 14: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

GEA PHE Systems

Asia / PacificM. Hansen

Europe

GEA Ecoflex

Sarstedt - D

GEA Ecoflex

Duisburg - D

GEA WTT

Wilchwitz - D

GEA Ukraine

Kyiv - Ukraine

EFX Asia/Pacific

Singapore

GEA EFX Asia

Puchong - Malaysia

GEA EFX China

Shanghai - China

GEA PHE SystemsNA

York - USA

GEA ViEX

Newmarket - Canada

GEA EFX India

Mumbai - India

GEA EFX ME

Dubai - UAE

GEA EFX UK

Sheffield - UK

GEA Ecobraze

Landskrona Sweden

GEA WTT Baltic

Tallin - Estonia

EFX France

Paris - France

GEA EFX Italy

Parma - Italy

EFX Poland

Warzawa - Poland

GEA EFX SCAN

Skanderborg- DK

GEA EcoServe

D - NL - B - S

The Americas

… global group of…

Page 15: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

… state of the art production facilities, like in York/PA…

Page 16: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

or GEA ViEX in Toronto/Canada

Page 17: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

15

1995 2002

80

2008

and to over > 500 Mio $ of Plate Heat Exchanger Business > 500

Page 18: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

GEA PHE Systems - Growth through innovation

more than 60% of our productsare younger than 4 years

`00 `01 `02 `03 `04 `05 ´06 ´07

Page 19: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Agenda

Introduction to GEA

Global market for PHE

Which industrial applications need Titanium

Why Titanium for PHE?

Actual and future aspects

Message to the Titanium industry

Questions & Answers

Page 20: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

USA (biggest single market)

Canada

Brasil

„old“ Europe

„new“ Europe

Russia

Africa

India

China

Korea (Shipbuilding)

Middle East (Oil & Gas)

PHE market 2008 spread over Regions

800 Mio. US$1,320 Mio. US$

1,850 Mio. US$

The Americas

Europe/Africa

Asia/Pacific

Source: Frost & Sullivan 2003GIA 2007GEA Ecoflex 2008

Total 3,970 Mio. US$

Page 21: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

155 mio $

55 mio $

760 mio $

640 mio $

100 mio $

540 mio $

290 mio $

15 mio $

250 mio $

90 mio $

1,075 mio $Heavy Industries

Total PHE market: 3,970 mio $ estim.Orders placed even for Sales in 2011/2012

Source: Frost & Sullivan 2003GIA 2007GEA Ecoflex 2008

PHE market 2008 spread over applications

Page 22: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Agenda

Introduction to GEA

Global market for PHE

Which industrial applications need Titanium

Why Titanium for PHE?

Actual and future aspects

Message to the Titanium industry

Questions & Answers

Page 23: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

155 mio $

55 mio $

760 mio $

640 mio $

100 mio $

540 mio $

290 mio $

15 mio $

250 mio $

90 mio $

1,075 mio $Heavy Industries

Total PHE market: 3,970 mio $ estim.Source: Frost & Sullivan 2003

GIA 2007GEA Ecoflex 2008

Applications with highest Titanium content

155 mio $

55 mio $

760 mio $

480 mio $ (75%)

100 mio $

540 mio $

290 mio $

15 mio $

100 mio $ (40%)

90 mio $

540 mio $ (50%)

thereof with TI : 1,120 mio $ ca. 30%equalling t of TI : > 11,500

Page 24: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Agenda

Introduction to GEA

Global market for PHE

Which industrial applications need Titanium

Why Titanium for PHE?

Actual and future aspects

Message to the Titanium industry

Questions & Answers

Page 25: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

25 50 100

G asketedP lateH eatE xchanger

180

360

720Shell & Tube Heat Exchanger

W eldedP lateH eatE xchanger

B razedP lateH eatE xchanger

Pressure Resistance (bar)

Tem

pera

ture

Res

ista

nce

(Cel

sius

)

Physical limits of different heat exchanger types

Page 26: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Common nominator for all types of PHE

Page 27: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

GPHE – A brief introduction

Page 28: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

BPHE – A brief introduction

Page 29: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

WPHE - A brief introduction

Page 30: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Shell & Tube Heat Exchanger

Plate Heat Exchanger

Other HE(Spiral, Compact,Air Cooler, etc.)

Distribution of the Global Heat Exchanger Market

Page 31: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

PHE vs S&T: Advantages through technologies

Page 32: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

0,0% 20,0% 40,0% 60,0% 80,0% 100,0%

LiquidVolume

-

RequiredTransferarea

-

OperatingWeight

InstallationSpace

ManufacturingCost

Fouling-Coefficient

Maintenance Time

S&T PHE

Advantages of PHEs vs. S&T

Page 33: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Summary

PHE have big, general advantages compared to S & T

Titanium PHEs have corrosion advantages even over standard SSmuch longer lifetime

Titanium PHEs have weight advantagesmore cargo per shipless space in buildings/lighter constructionsless transportation cost to site for Titanium PHE

Titanium PHEs havelong successful historywell introduced and preferred material when it comes to seawater cooling

Page 34: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Agenda

Introduction to GEA

Global market for PHE

Which industrial applications need Titanium

Why Titanium for PHE?

Actual and future aspects

Message to the Titanium industry

Questions & Answers

Page 35: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Global, Annual Sea Trade (mio. tons)

Source: Lloyds Register of Shipping, 2008

Page 36: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

PHE Marine development from 2002 to 2011

Page 37: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

PHE Chemical, Gas & Oil development from 2002 to 2011

Page 38: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

PHE Power development from 2002 to 2011

Page 39: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

GEA PHE Power development from 2002 to 2011

2002 2011

Page 40: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Agenda

Introduction to GEA

Global market for PHE

Which industrial applications need Titanium

Why Titanium for PHE?

Actual and future aspects

Message to the Titanium industry

Questions & Answers

Page 41: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

PHE market is a strong growing market in itself and by challenging S&T markets

PHE market is much less volatile than several other markets for Titanium

Titanium can stay the future material for PHE with immense potential of growth if Titanium supply is secured for PHE

PHE industry tested alternative materials to Titanium when supply was not secured in the past. Several installations have proovenreasonable lifetime-results. With drastic falling prices for nickelbased alloy materials Marine-, Chemical- and Gas & Oil-industriesare prepared to choose alternative materials when both quantityand quality of Titanium supply can not be secured

Message from GEA to the Titanium industry

GEA wants to secure a stable growth for their PHE-business and GEA likes to grow together with you

Page 42: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Forward-looking statements are based on our currentassumptions and forecasts. These statements naturallyentail risks and uncertainties, which may cause the actual results of operations, financial position or performance to diverge significantly from the estimates given here. Factors that could cause such a divergence includechanges in the economic and business environment, fluctuations in exchange rates and interest rates, launchesof competing products, poor acceptance of new productsor services, and changes in business strategy. We areunder no obligation to update forward-looking statements.

Disclaimer

Page 43: Ulrich Fehlauer, Speaker TITANIUM 2008, Las Vegas ... · GEA Ecoflex Sarstedt - D GEA Ecoflex Duisburg - D GEA WTT Wilchwitz - D GEA Ukraine Kyiv - Ukraine EFX Asia/Pacific Singapore

Process Equipment Division / GEA PHE SystemsITA, Las Vegas, September 2008

Thank you, for your attention!