Cavotec delivers RRCs for Dalian Developer

We have completed delivery of a number of industrial radio remote control (RRC) systems ordered by leading oil services company Aker Solutions for installation on the world’s largest deep water drilling ship, the Dalian Developer.

Radio remote control (RRC)

Cavotec RRCs are used in thousands of applications worldwide 

Aker Solutions selected the Cavotec RRC units, including two main rider units, one roughneck, two fingerboards and one drill floor manipulating arm,in the final quarter of 2011.The units will be used to operate cranes and other equipment on the Dalian Developer.

The systems form part of a drilling package delivered by Aker Solutions to offshore drilling contractor Vantage Drilling Company Inc.

“We are delighted to be working on this exciting project, and we look forward to building our relationship further with the customer,” SofusGedde-Dahl, Managing Director Cavotec Norway, says.

Billed as an “ultra deepwater drillship”, the Dalian Developer will be equipped to operate in the harshest offshore environments. At nearly 300 metres in length andwith a storage capacity of some one million barrels, the vesselis the world’s largest drillship and will be capable of drilling at depths of up to nine kilometres (30,000 feet).

Radio remote controls

Cavotec’s radio remote controls are used in a wide variety of applications in the global offshore energy sector as well in ports and airports, and inthe mining and tunnelling, and general industry sectors.

Cavotec at a number of major trade shows in March 2012

Cavotec will be at a number of high-profile trade shows in March 2012

March is set to be yet another busy much for trade shows, with innovative engineering group Cavotec present at events in USA, China, Europe, South America and the Middle East. Please get in touch with us via e-mail, Twitter or Facebook (details below) if you are planning to attend one of these events and would like to arrange a meeting.

7-9 March: Cygnus Aviation Expo in Las Vegas, USA.

13-15 March: WETEX in Dubai, UAE.

13-15 March: TOC Asia in Hong Kong, China.

13-15 March: Stocexpo in Rotterdam, NL.

19-20 March: The Spring Conference in Washington, USA.

20-22 March: Kingdoms Airports Expansion summit in Jeddah, Saudi Arabia.

27 March-1 April: Fidae Santiago de Chile in Santiago de Chile.

27-29 March: On & Offshore in Gorinchem, NL.

For further details please contact Michael Scheepers, Director Investor Relations & PR:

To find out more about Cavotec, please visit our website. For updates on Cavotec projects, technologies and industry news, take a look at our blog or connect with us via Twitter or  Facebook.

Another busy month for trade shows

Cavotec is exhibiting at and attending several major trade shows in September in all our industry sectors: Airports, Ports & Maritime, Mining & Tunnelling and General Industry. You will find more information about the major events during the first half of the month below. Please contact us if you would like to arrange a meeting with us at any of these shows.

Trade Show September

First off, Cavotec Russia will be present at the Kazanskaya Yarmarka Exhibition Center for the Oil, Gas & Petrochemistry 18th International Exhibition from 7th – 9th September. The aim of the exhibition includes the promotion of new technologies and equipment on the enterprises of the oil and chemical branch of the Volga region; expansion and strengthening of inter-regional and international business cooperation.

The 2011 AAPA Convention is held on 14th & 15th September and includes technical and policy committee meetings, business sessions and social networking opportunities for port professionals and others in the marine transportation industry. Cavotec USA will be among nearly 1,000 attendees from throughout the Americas will be in attendance.

Cavotec Deutschland GmbH will be at IUT ’11 – the International Underground Construction and Tunneling Fair that also takes place on 14th & 15th September at the unique Fair Hall of the Hagerbach Test Gallery in Sargans, Switzerland.

Smart Rivers 2011 Conference runs from 13th – 16th September at Westin Canal Place in New Orleans. The aim of Smart Rivers 2011 is to “Discover the Keys to Inland Navigation’s Sustainable Future Around the World”. Cavotec International and Cavotec USA will be present at this year’s event.

Cavotec Sees Revenue Climb 33% in 1Q

We are pleased to announce a strong start to 2011, with revenue for the Group up 33 per cent to EUR 37.7 million, and operating profit jumping 77 per cent to EUR 2.1 million. The full report is available for download at the following link:

Cavotec – 1st Quarter Report 2011

For all our recent results and reports:

Results & Reports

The positive momentum from 2010 continued into the first quarter with increases in sales revenues across all our market units, creating excellent conditions for further growth in the months and years ahead. Our order book now stands at EUR 77.8 million, up 6.3 per cent on 1Q 2010 and 17.2 per cent stronger on FY10.

Our Ports & Maritime unit recorded revenues of EUR 10.1 million, up 23.1% on 1Q10. This performance represents a significant increase in activity for the Group in this sector, and, more broadly, indicates recovery in an industry sector hit harder than most during the financial crisis.

Equally impressive are the figures from our Airports Market Unit, with revenue up 64.3% on 1Q10 to EUR 10.4 million. These figures are primarily the result of continued growth in the Middle and Far East markets, where spending on airport infrastructure remains at consistently high levels.

Our Mining & Tunnelling unit, also registered a strong recovery on the year, with revenue increasing 64.4% to EUR 6.9 million. The strength of this result lies for a large part in the continued growth in the commodities market and the steady resurgence of large OEMs such as Atlas Copco and Sandvik.

The General Industry Market Unit, recorded an increase of 7.8% on the year to EUR 10.3 million. This unit is the most diverse in terms of sectors it serves, and as such reflects general economic sentiment across a wide range of industries. It is especially encouraging therefore to note a robust performance by this Market Unit.