Aker Kvaerner awarded contract for the world's largest bamboo cooking plant

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The cooking plant is an important part of a new pulp mill which Guizhou Chitianhua Paper Industrial Co., Ltd is currently building in the Guizhou Province in China. The plant will produce 200,000 tonnes of pulp per year, making the cooking plant the world's largest using bamboo as raw material.


Kvaerner Pulping AB, part of the Aker Kvaerner group, will under the new contract provide engineering, procurement and supervision services (EPS). The greenfield mill is scheduled to start up in mid-2007.


"A key factor in winning this important contract was the customer recognising that Kvaerner Pulping offers the best technical solution. Our own, patented cooking method COMPACT COOKING(TM) has shown to be especially effective at reducing problems with scaling, which is a common issue with bamboo", says Per-Åke Färnstrand, President of Kvaerner Pulping.


This order marks yet another important milestone for Aker Kvaerner's presence in the growing Chinese market. Recently, Kvaerner Pulping successfully completed the world's largest fiberline project for Hainan Jinhai Pulp & Paper Co., Ltd. on the island of Hainan in Southern China.


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


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
 
AKER KVAERNER 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 Kvaerner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 35.6 billion and employs approximately 22,000 people in more than 30 countries.
 
Kvaerner Pulping is a leading supplier of machines, process systems and service to the world-wide chemical pulp 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

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