Kvaerner E&C secures contract for Hang Yang Air Liquide in China

This award is further confirmation of Kvaerners success in providing global expertise in engineering and construction services tailored to local conditions, especially in the fast growing South East region of China, commented John Lindfield, Managing Director, Kvaerner E&C China. The project also represents another major investment for Air Liquide, which is significantly increasing its presence in the region and has plans for other new plants in the future, added Lindfield.
The grassroots facility, which represents a total investment by the customer of US$20 million, will have a capacity of 260 tons per day liquid oxygen and associated argon, and 430 tons per day of liquid nitrogen. The work will be executed from Kvaerners recently opened Shanghai office, and the project is due for completion at the end of September 2002.

For further information:

Paul Emberley, Vice President, Group Communications, Kvaerner PLC: +44 (0)20 7339 1035 or +44 (0)7768 813090 or Vanessa Mourant, Communications Manager, Kvaerner E&C: +44 (0)20 7957 3290 or +44 (0)7771 806566 or William C Zhang, Kvaerner, China: +86 (0)21 5081 8811

Notes to editors:
Kvaerner is a world-class Anglo-Norwegian engineering and construction Group. It meets the needs of its customers by adding value to their business through the provision of innovative, cost-effective solutions for challenges in the hydrocarbons, process and metals industries. The Groups activities are currently organised in two core business areas: E&C (Engineering and Construction), and Oil & Gas. Kvaerner is a Norwegian registered business, but has a London, UK-based international headquarters. The Group has annual revenues in excess of US$6 billion, with some 35,000 permanent staff located in almost 35 countries throughout Europe, Asia and the Americas.
The E&C business area of Kvaerner specialises in the provision of process technology, design, engineering, project management, procurement and construction to a number of industrial sectors on a worldwide basis: chemicals and polymers, pharmaceuticals, oil and gas, water, energy, nuclear, minerals, mining, steel and transportation. Kvaerners breadth of capability is unique among its competitors. It offers the complete range of services that are necessary to realise global projects from conception to start-up. These services include a portfolio of advanced process technologies, research and development, test work, a full range of engineering studies (including bankable feasibility and environmental studies), total project management, engineering and design, procurement, construction and maintenance services. Kvaerner E&C employs more than 9,000 people operating from over 30 offices worldwide. This global reach enables Kvaerner to tailor its services and resources to suit individual client needs and market conditions to provide cost-effective technical solutions.