Power Engineering - Siemens and Technofast sign a marketing and technical agreement

Feb. 10, 2004 -- Siemens Westinghouse Power Corporation (SWPC) based in Orlando, Florida, has signed a marketing and technical support agreement with Technofast Industries, a company based in Brisbane, Australia.

The agreement enables SWPC to offer the patented Technofast cone nut and hydraulic bolt tensioner design for the closure of horizontal joint bolting on its fleet of steam turbine casings for power plants in the United States and elsewhere around the world.

Furthermore, it enables SWPC to offer the universally accepted and proven high temperature hydraulic nut, also known as the 'HiTemp HydraNut', which is ideal as a significant time saving replacement nut for main steam and control valve covers, and a variety of other bolting applications local to the turbine.

The main beneficiaries of this agreement are the SWPC turbine users who gain immediate access to the cost effective, unique and patented Technofast products, supplied by the turbine manufacturer for a range of time saving bolting applications.

The agreement provides for Technofast to receive both marketing support from SWPC and full technical information to enable them to design joint bolting equipment for achieving the desired bolt load and a leak free joint in the shortest time possible and with the minimum of investment. Hydraulic bolt tensioning is now the proven and cost effective method to close horizontal joints on turbine casings and valves. Its repeatable, accurate loading is many times faster, safer and more reliable than traditional heating methods still used in many power-generating plants.

John Bucknell, Managing Director of Technofast states, "This agreement enables our two companies to work hand in glove in order to help our customers to refine working practices in order to become more competitive. It is an important strategy, both now and throughout the extended operating life of power generation plants to eliminate major bolting problem areas. In the past, bolting has been the cause of severe outage time and cost overruns. In the future, however, using this new technology will help to achieve significant time and cost savings."

The Power Generation Group (PG) of Siemens AG is involved in the international power generation sector. Siemens Westinghouse Power Corporation (SWPC), headquartered in Orlando, Florida, is the regional business entity in the Americas.

In fiscal 2003 (which ended September 30), Siemens PG posted sales amounting to approximately EUR 7 billion and received new orders totaling EUR 7.3 billion. Group profit amounted to EUR 1,171 million. On September 30, 2003, PG had a workforce of 30,300 worldwide. Further information at: http://www.siemens/powergeneration

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