Business & Economics :: Latest News
March 21, 2008
GEA takes over Canadian company ViEX
GEA PHE Systems, Inc. (York, Pa.; www.geaphena.com) a leading international supplier of plate heat exchangers (PHE), has acquired the assets of Canadian PHE specialist ViEX, based in Newmarket near Toronto. Hence, GEA continues their successful growth path and now offers the most extensive range of brazed, gasketed and fully welded PHE. ViEX emerged from Nixon Plate Coils Ltd., founded in 1954 in Toronto. The new GEA ViEX will strengthen GEA´s North American business and provide the best possible addition to
ViEX focuses on fully welded PHE for the chemical/petrochemical industries and for oil & gas applications. Their high performance, fully welded PHE work in pressure and temperature ranges for which
GEA PHE Systems previously offered only a limited selection of products. The Canadian developer brings many years of product and manufacturing experience as well as in-depth process knowledge. This level of expertise will be shared with all the other companies within the GEA PHE Systems.
The USA is the world’s biggest single market for heat exchangers. Since 2007, GEA PHE Systems has been producing brazed and gasketed PHE for the American market in a state of the art plant in York, Pennsylvania. With production facilities for fully welded PHE at GEA ViEX in Toronto, the whole product range can now be manufactured on the North American continent. This will improve service and reduce delivery times for American customers. At the same time, the proximity to the user and knowledge of the regional market will help to shape future product development.
The PHE market is enjoying a worldwide boom. As a result, GEA PHE Systems has also made considerable investments over the last few months in their European and Asian production sites. The Swedish plant in Landskrona and in Nobitz-Wilchwitz in Germany received additional press lines, brazing ovens and test facilities. The existing GEA Ecoflex plant in Sarstedt, which was opened in 2003 only, has already been expanded with an additional 5,000 m2 production hall, to enable a fully welded PHE production.