Work on the facility has now been completed, just 12 months after Aker Kvaerner announced the investment.  The new streamlined operations will increase Aker Kvaerner's ability to respond to customer needs with reduced lead times and more rapid execution.

"The investment demonstrates our commitment to grow our subsea business," says Raymond Carlsen, Executive Vice President, Aker Kvaerner Subsea. "Tranby's transformation will make it the world's most efficient subsea tree and pump manufacturing plant.  It gives us additional supply and testing flexibility across a range of products and services."

Aker Kvaerner will showcase the facility to customers, employees and students from local high schools from 10.00 a.m. to 3.00 p.m. on Thursday, 10 May. The programme includes a seminar on Aker Kvaerner's execution excellence in subsea trees and boosting and a grand opening ceremony.  There will also be guided tours of the plant and its engineering offices.

Aker Kvaerner Subsea at Tranby is a leading supplier of subsea trees and subsea boosting products. The incremental investment in new machining technology and a new subsea tree assembly line will expand subsea tree production capacity and increase manufacturing efficiency. The addition of a dedicated subsea pump assembly and testing facility will enable the company to grow within the emerging subsea boosting market.

Aker Kvaerner Subsea has another two facilities coming on line this year. The new North Sam Houston Parkway West aftermarket facility in Houston was officially opened on 25 April, while the new USD 100 million high technology manufacturing centre in Kuala Lumpur, Malaysia, will be launched early June.

"The scope and scale of our investments in manufacturing helps Aker Kvaerner maintain industry leadership, drive innovation and be at the forefront of health, safety and environmental care," says Martinus Brandal, CEO and president of Aker Kvaerner.

Approximately 600 people are based in the Tranby facility which supplies equipment for clients including Statoil, Total, BP, Murphy, Shell, Marathon and Norsk Hydro, among others. Aker Kvaerner Subsea has other manufacturing and testing facilities in Ågotnes and Moss, Norway; Curitiba, Brazil; Mobile and Houston, USA; Batam, Indonesia; Perth, Australia and Aberdeen, Scotland and in Malaysia.

ENDS

 

Tranby:
For further information contact Svenn Ivar Fure, Senior Vice President Operations, Aker Kvaerner Subsea.
Tel +47 67513086, Mob: +47 97760627

 

Media:
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542

 

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39

 

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact:
Roger Lunde, Vice President, Global Supply Chain. Tel: +47 32859478.

 

Career opportunities:
Visit http://www.akerkvaerner.com/Internet/CareerCentre

 

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 and Power Generation. The Aker Kvaerner group is organised in 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 50 billion and employs approximately 23 000 people in about 30 countries.

Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.1 per cent holding in Aker Kvaerner, Aker takes an active role in the development of its holdings.

 

Aker Kvaerner Subsea is a leading provider of a complete range of surface and subsea solutions for the oil and gas industry - from concept screening and design through manufacturing, fabrication and commissioning. Aker Kvaerner Subsea's ability as a world-wide total system provider is backed by a wide portfolio of products which are maintained for the complete life of field. Aker Kvaerner Subsea's capability is available for both new and existing fields either as individual activities or complete packages.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com