Today.Az » Business » Italy Danieli wins $330 million contract in Azerbaijan
04 March 2008 [09:57] - Today.Az
Italian foundry equipment maker Danieli has won a EUR 220 million ($334 million) contract in Azerbaijan, the company said on Monday.
Under the deal with Det.Al LTD, Danieli will provide machinery and engineering for an integrated mining-metallurgic plant, it said in a statement.
The Italian group said new technology used in the contract should boost revenues to EUR 3.8 billion ($5.76 billion) by 2010, despite an expected market contraction in two-to-four years time.
Danieli said it had EUR 1.3 billion in revenues in the second half of 2007.
/Reuters/
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