Norwegian TTS lands NOK130m marine equipment orders

Norwegian ship-equipment maker TTS Group ASA (OSL: TTS) said on Tuesday it has won supply contracts totalling NOK130m from shipyards in Japan, South Korea and Romania.
TTS has agreed with shipbuilders Hyundai Heavy Industries (SEO: 009540) and Hyundai Mipo Dockyard (SEO: 010620) to supply hydraulic-driven winch systems for NOK50m. Delivery will take place within 2011-2013.
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Source: Trading Markets