PLC Pall Corp

     
BW20030116002073  20030116T130145Z UTC


( BW)(PALL-CORPORATION)(PLC) Pall Wins $11 Million Contract for
Australian Magnesium's Stanwell Plant

    Business Editors
    UK REGULATORY NEWS

    EAST HILLS, N.Y--(BUSINESS WIRE)--Jan. 16, 2003--

Pall Corporation (NYSE: PLL) announced that it has been awarded an $11
million contract by Leighton Contractors Pty Ltd to provide several
high temperature filter systems for a new magnesium production
facility currently being built for Australian Magnesium Corporation
Ltd's (AMC) Stanwell Magnesium Project. The magnesium plant will be
the world's largest plant, producing 97,000 tons per annum of
magnesium and alloys.

Pall will supply custom-designed, fully automated, hot gas filter
systems for AMC's proprietary AM Process.

AMC's Stanwell Magnesium Project is designed to operate very
efficiently with a low environmental profile. Pall's blowback
filtration technologies will play a key role in the AM Process
providing a reliable and extremely efficient method to recover
magnesium chloride fines from high temperature fluidized bed calciner
exhaust gas and will allow the recovery of the cleaned exhaust gas for
re-use. The high temperature automatic self-cleaning filter systems
will also provide a high degree of protection for downstream
equipment.

Pall's blowback filter technology was selected due to its robust
design, proven compatibility in the process conditions, and over 40
years of experience in similar critical filtration applications in
chemical, refining, petrochemical and advanced power generation
industries.

"After a worldwide search for the optimum filtration solution and an
extensive evaluation process, AMC was pleased to select Pall," said
Dr. Greg Sheehan, AMC Process Manager. "Applying Pall's proven high
temperature filtration technologies in our process will help give AMC
the reliability we need to produce magnesium in a cost effective way."

"We are delighted to work with Leighton Contractors and AMC on the
world class Stanwell Magnesium Project," said Bill Palmer, Pall
Corporation Senior Vice President. "The expansion of our technology
platform from the FSG acquisition assisted Pall to provide Leighton
Contractors/AMC with exactly the right products to meet AMC's specific
high temperature filtration requirements."

The demand for magnesium metal has been growing significantly over the
past ten years and is expected to double to 780,000 tons per annum by
the year 2009. This growth is driven primarily by the automotive
industry for lighter and stronger materials to enable greater fuel
efficiency and help reduce greenhouse gas emissions.

About Pall Corporation:

Pall Corporation is the global leader in the rapidly growing field of
filtration, separations and purification. Pall's business is organized
around two broad markets: Industrial and Life Sciences. The Company
provides leading-edge products to meet the demanding needs of
customers in the chemical, mineral processing, oil & gas, refining,
petrochemical, biotechnology, pharmaceuticals, transfusion medicine,
semiconductors, municipal drinking water and aerospace. Total revenues
are $1.3 billion. The company is headquartered in East Hills, New
York, and has operations in more than 30 countries. Further
information can be found on its Web site http://www.pall.com.

This release contains "forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. These statements are
based on current Company expectations and are subject to risks and
uncertainties, which could cause actual results to differ materially.
Such risks and uncertainties include, but are not limited to:
fluctuations in foreign currency exchange rates; regulatory approval
and market acceptance of new technologies; changes in product mix and
product pricing and in interest rates and cost of raw materials; the
Company's success in enforcing its patents and protecting its
proprietary products and manufacturing techniques and in integrating
the operations of FSG into the Company's existing business; global and
regional economic conditions and legislative, regulatory and political
developments; and domestic and international competition in the
Company's global markets. Additional information regarding these and
other factors is available on the web at http://www.pall.com and is
included in the Company's reports filed with the U.S. Securities and
Exchange Commission. Copies of such reports can be obtained, without
charge, at: http://www.sec.gov.

For More Information:

Please visit our website at: http://www.pall.com.

For more information on Pall Corporation's blowback technologies,
visit http://www.pall.com/applicat/hcp/blowback.asp

For more information on the Stanwell Magnesium Project and AMC visit
http://www.austmg.com

   Short Name: Pall Corporation
   Category Code: CNT
   Sequence Number: 00001616
   Time of Receipt (offset from UTC): 20030115T214950+0000

    --30--DB/in

    CONTACT: Pall Corporation
             Media Inquiries
             Patrice Radowitz, 516/801-9104
             Pat_Radowitz@pall.com
                     or
             Investor Relations Inquiries
             Diane Foster, 516/801-9102
             Diane_Foster@pall.com

    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: MINING/METALS AUTOMOTIVE OIL/GAS ENERGY
MARKETING AGREEMENTS
    SOURCE: Pall Corporation

Today's News On The Net - Business Wire's full file on the Internet
                          with Hyperlinks to your home page.
                          URL: http://www.businesswire.com

Pall Corp (LSE:PLC)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Pall Corp (LSE:PLC)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024