Aker Kvaerner has decided to invest NOK 250 million in a new production facility to increase the capacity to deliver products and subsea equipment. The new facility will be located in Malaysia.
24 Nov 05
In addition to serving the regional market, this facility will also contribute to Aker Kvaerner's subsea equipment deliveries in other parts of the world. The plant may at a later stage be utilised for other products delivered by Aker Kvaerner.
Production at the new facility will start prior to year-end 2006, and will initially produce subsea equipment for the Kikeh development offshore Malaysia. Murphy Sabah Oil awarded Aker Kvaerner the Kikeh development contract in July 2005.
ENDS
For further information, please contact:
Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39
AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 35.6 billion and employs approximately 22,000 people in more than 30 countries.
Printable version