Lars Renström, president and CEO said the firm was continuing to see good development in India.
“The latest order confirms the positive trend in the country’s food and vegetable oil industry,” said Renström.
Scheduled for 2012, the order includes a variety of Alfa Laval products such as separators, mixers and heat exchangers and will be used to refine different types of crude oils such as soya bean into high quality oils.
India’s growth
On the announcement of the Alfa Laval’s Q4 results last February, the company underlined the importance of India and emerging markets for the firm.
Renström said although Central and Eastern Europe and North America reported the strongest development, possibly the most important shift was India’s growth to become the company’s third largest market behind the US and China.
According to the Swedish company, the Indian edible oil industry is expected to grow six per cent annually, and reach 20 million tonnes of consumption by 2015.
The company said increased living standards and growing populations were driving growth in developing regions.
Alfa Laval’s orders in Asia climbed (26 per cent for Q4 and 18 per cent full year) with “particularly strong growth in India, Korea and China”, said the firm.