13 May 2008 - The Dow Chemical Company has awarded Aker Solutions a contract to provide engineering services for Dow supplied technologies. Aker Solutions' engineering services are expected to be completed by the third quarter of 2008.
The scope of the project includes basic engineering and design services, led by Aker Solutions in Houston, Texas, USA. The project will also exhibit Aker Solutions global capacity with deliverables from an integrated project team in Zoetermeer and India.
"This project demonstrates Aker Solutions ability to leverage our global process capabilities to meet our client's needs," said Aker Solutions President for Global Process business, Jim McGrath.
The contract was awarded to Aker Solutions US, Inc., a subsidiary of Aker Solutions.
ENDS
For further information, please contact:
Media:
Kim Corbin, Regional Communications Manager, Aker Solutions. Tel: +1 713 270 2422, Mob: +1 304 380 6601
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194
Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact: Rodger Liang, VP Supply Management, Process & Construction, Aker Solutions, Tel: +86 10 640 966 36
Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.
Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 24 000 people in about 30 countries.
Aker Solutions is part of Aker (
www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.
About Dow
With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element " to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
This press release may include forward-looking information or statements and is subject to our disclaimer, see
www.akersolutions.com.
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