Jan van de Graaf, Aker Kvaerner's Regional Operations Director of Rotterdam and Maastricht, said, "We are delighted to have secured this contract from DSM, one of the major players in the global chemicals market. The project is managed through the newly established DSM Manufacturing Centre, and it is a very positive sign that we have been able to secure this work so quickly."
Mark Leggett, President AK Engineering Services, said, "We are pleased to continue our long-standing relationship with DSM and build on the successes of various projects we have undertaken with them during the last decades."
The project will increase the current DAB production capacity by 65%. On completion, the expansion project will provide feedstock for an existing and a new facility to manufacture Stanyl®, a high performance engineering plastic.
The first phase of basic engineering, which includes reliability studies, is scheduled for completion in 3Q2005.
ENDS
For further information please contact:
Media: Torbjorn Andersen, SVP Group Communications, Aker Kvaerner: Tel: +47 67 51 3036 Mob: +47 928 85 542
UK: Sarah Weyell, AK Engineering Services, Stockton-on-Tees: Tel: +44 (0)1642 602221
Or Vanessa Mourant, Aker Kvaerner, London: Tel: +44 (0)20 7339 1064 Mob: +44 (0) 7771 806566
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
1. DAB or 1,4-Diaminobutane is also known as Putrescine. It serves as an application or raw material in polyurethanes, pharmaceuticals, agrochemicals, urea, surfactants, textiles, epoxy curing agents and lube oil additives.
Stanyl® is a high performance, high temperature polyamide with a broad range of automotive and electronic applications including powertrain components, charge-air coolers, motor sensors, auto-connectors, chain tensioners, connectors, microswitches, bobbins, memory modules, motor components and consumer appliances.
2. 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.
3. AK Engineering Services is the trading name of Aker Kvaerner Engineering Services BV, the legal entity responsible for the execution of the work. AK Engineering Services is one of the core businesses of the Aker Kvaerner group in Europe and provides total asset life cycle solutions including conceptual design, engineering, procurement, project management, construction and commissioning, through to operation and maintenance services, modifications and process improvements. Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com