"Ganz EEPM" llc., the Hungarian subsidiary of Atomenergomash group has gained acces to Saudi Arabian market

Press release

Published January 21st, 2016 - 08:31 GMT

ROSATOM

Ganz EEPM llc, the Hungarian subsidiary of JSC "Atomenergomash" successfully passed qualification of the state energy company of Saudi Arabia (SEC). SEC issued a certificate which enables Ganz EEM to participate in tenders for supplying circulation pumps, pumps for sea water and for cooling systems, as well as hydraulic equipment for hot water supply.

Experts of SEC have held inspection of the production site Ganz EEPM llc. last year which enabled Ganz EEPM llc. to receive the certificate.

Director of Ganz EEPM llc. Attila Szitar-Csanádi said: the company gained access to the market of energy equipment of one of the leading countries in the Middle East. Ganz may supply equipment for power generation plants, primarily pumps medium and large size and capacity for thermal power plants in this country."

Mr. Szitar-Csanádi stressed, that the Saudi market is important for Ganz, which can success in this market, despite strong competition.

History of Ganz companies starts its countdown in 1844. The Hungarian subsidiary of JSC "Atomenergomash" produces equipment for nuclear, thermal and hydro power plants, including powerful pumps and turbines. Ganz has experience in engineering and production of hydro machinery over more than 150 years.

Background Information

ROSATOM

The State Atomic Energy Corporation ROSATOM is one of the global technological leaders. The company has assets and competencies to work at all stages of the nuclear production chain from uranium mining to decommissioning of nuclear facilities and spent nuclear fuel management.ROSATOM brings together about 400 enterprises and organizations, including the world's only nuclear icebreaker fleet. It is the largest electricity generating company in Russia, accounting for 18.7% of the country’s total generation of electricity. ROSATOM is the third in the world in nuclear power generation.The corporation is the global leader in simultaneous implementation of NPP power units and has the largest portfolio of foreign construction projects (36 NPP units in 12 countries). ROSATOM manufactures equipment and produces isotopes for nuclear medicine, carries out research and material studies. It also assembles supercomputers and designs software as well as different nuclear and non-nuclear innovative products. The company has business ventures covering various clean energy projects, including wind energy. ROSATOM has second largest uranium reserves and 17% of the global nuclear fuel market.