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Wayne Invests in CNG Dispenser Production with Increased Capabilities - Recent sale of compressor product line focuses commitment on CNG dispensers (NYSE: GE)
Wayne Invests in CNG Dispenser Production with Increased Capabilities

 

PRZOOM - /newswire/ - Malmö, Sweden, 2012/08/07 - Recent sale of compressor product line focuses commitment on CNG dispensers (NYSE: GE). NYSE: GE

   
 
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Wayne, A GE Energy Business and a global innovator of fuel dispensers and forecourt technologies, announced today that it has relocated the company’s production of compressed natural gas (CNG) dispensers manufacturing operation from Talmona, Italy, to Malmö, Sweden.

The move to Malmö, Wayne’s European technology and engineering hub, increases efficiency while providing access to a wide range of resources—from top engineering and design professionals to expansive assembly and warehousing capabilities. Following the sale of Wayne’s CNG compressor line, this move enables Wayne to focus on its strength: dispenser technology. This furthers its strategy to provide global customers with safe, reliable, state-of-the-art dispenser systems built with quality components for ease of use and serviceability—all at competitive prices. Relocating the CNG dispenser business also helps Wayne capitalize on its broad-based engineering expertise, so that it can continue to lead not only in its core business of conventional fuel dispensers, but also in its expanding line of alternative-fuel dispensers, including those for CNG, LPG and AdBlue® diesel exhaust fluid.

“Our organization’s long history in the CNG business continues as we co-locate our CNG dispenser business with our other Global Star V dispenser production line,” said Wayne EMEA President Damian Tracey. “In particular, Wayne CNG dispensers lead in technology and support our CNG industry customers’ needs — whether those clients are original equipment manufacturer (OEM) compressor packagers, engineering procurement construction (EPC) companies, independent retailers, or major oil companies. This move helps strengthen our focus on innovation in the manufacture of CNG dispensers, and we are excited about adding this line to our Malmö operations.”

Wayne remains a key provider of CNG dispensers in Europe, Asia, South America, and the Middle East and expects the move to expand its presence worldwide. With a range of available configurations featuring intelligent design, Wayne Global Vista™ and Wayne Global Star™ CNG dispensers provide flexibility, performance and safety even when operating at peak capacity

About Wayne, a GE Energy Business
Wayne (wayne.com) is a component of GE’s (NYSE: GE) 2011 acquisition of Dresser, Inc. and is a global leader in the design, manufacturing and servicing of forecourt fueling solutions where reliability and uptime are critical. Dispensers, payment platforms, control systems and technology from Wayne play an essential role in traditional and alternative fueling sites around the world. Wayne is ISO14001 certified.

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

GE Energy works connecting people and ideas everywhere to create advanced technologies for powering a cleaner, more productive world. With more than 100,000 employees in over 100 countries, our diverse portfolio of product and service solutions and deep industry expertise help our customers solve their challenges locally. We serve the energy sector with technologies in such areas as natural gas, oil, coal and nuclear energy; wind, solar, biogas and water processing; energy management; and grid modernization. We also offer integrated solutions to serve energy- and water-intensive industries such as mining, metals, marine, petrochemical, food & beverage and unconventional fuels.

Follow GE Energy on Twitter @GE_Energy.

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Howard Masto, Masto Public Relations
P: +1 518 786 6488 - E: howard.masto[.]ge.com

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Wayne Invests in CNG Dispenser Production with Increased Capabilities

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Contact: Michelle Kautz - Wayne, A GE Energy Business 
512-388-8468 michelle.kautz[.]wayne.com
 
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