26 June 2006 - Aker Kvaerner has signed a letter of intent with Aracruz for a modernisation of the cooking plants at the Aracruz Unidade Barra do Riacho pulp mill in Brazil - the world's largest pulp mill. The contract is worth approximately USD 16 million.
The modernisation of the cooking plants is part of an expansion project at the mill, which seeks to increase annual production to more than 2.3 million tonnes of pulp per year. The mill uses planted eucalyptus as raw material.
"This prestigious order from Aracruz confirms that our proprietary Compact Cooking(TM) method is recognized as leading-edge technology amongst pulp producers around the world. The order also fits well with our vision to be the number one productivity provider," says Per-Åke Färnstrand, President of Kvaerner Pulping.
Kvaerner Pulping, part of the Aker Kvaerner group, will provide engineering, procurement and construction services under the new contract. Start-up is scheduled for third quarter 2007.
ENDS
For further information, please contact:
Media:
Anders Thorén, Communications Manager, Kvaerner Pulping. Tel: +46 54 19 47 66, Mob: +46 703 55 64 22
Anders Thorén, Communications Manager, Kvaerner Pulping. Tel: +46 54 19 47 66, Mob: +46 703 55 64 22
Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39
Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact:
Juha Vakkari, E&C Supply Management. Tel: +358 400 62 44 19
For further information about sourcing and potential subcontracts for this project, please contact:
Juha Vakkari, E&C Supply Management. Tel: +358 400 62 44 19
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, 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 41.4 billion and employs approximately 21,000 people in more than 30 countries.
Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 40 000 employees and NOK 60 billion revenues. Aker owns 50.01 per cent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.
Kvaerner Pulping is a leading supplier of machines, process systems and service to the world-wide pulp and paper industry. Kvaerner Pulping, with headquarters in Karlstad, Sweden, has 630 employees in 12 countries around the world. Kvaerner Pulping is committed to continuously improving its customers' products, productivity and profitability through the delivery of innovative technical solutions. Kvaerner Pulping offers the full range of engineering, procurement and construction services, from single machines to complete fiberlines and white liquor plants.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com