John McClellan, President of Aker Kvaerner China, pointed out "At Aker Kvaerner we thrive by our values and integrity.  We keep the emphasis where it matters, on creativity and quality of the work we do."  Mr McClellan also complimented "Of course, this cannot be fulfilled without a great project task force team and everyone who has participated in the project execution and I personally thank each and every team member for a successful project completion. "

Aker Kvaerner's E&C operations in China was responsible for the detailed engineering design, procurement, construction, and commissioning assistance. The project commenced in April 2002 with an initial annual production capacity of 20,000 tons stepping up to 60,000 tons.

The new facility will help to meet the burgeoning demand for POM in China. Currently estimated at about 150,000 tons per year, the market is expected to expand rapidly; making China the world's fastest growing POM market. The capacity offered by the new plant is critical for the success of Asahi Kasei performance plastics and DuPont's Engineering Polymers business in China.

Aker Kvaerner China is currently working on several other projects in China including the performance coatings project in Changchun, Jilin Province in the northeast of China, for DuPont Red Lion Coatings (Changchun) Co., Ltd.

ENDS

 

Graham Green (Mr) - Telephone No. (86 21) 5081-8811, Mobile (86) 13916302699
Vice President, Business Development, Aker Kvaerner China

John McClellan (Mr) - Telephone No. (86 21) 5081-8811, Mobile (86) 13816882995
President, Aker Kvaerner China

M. Vilasini (Ms) - Direct line (+65) 6871-5141, Mobile (+65) 9171-3789, Corporate Communications, Asia Pacific Region, Aker Kvaerner Asia Pacific

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 span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Power Generation, Pharmaceuticals & Biotechnology, and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 21,000 employees in more than 30 countries.

The Aker Kvaerner group consists 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.

 

 

The Oil, Gas, Process & Energy (OGPE) business area of Aker Kvaerner specialises in the provision of process technology, design, engineering, project management, procurement and construction.  With an annual turnover of US$1.14 billion, the OGPE business employs more than 5,400 people operating worldwide.  It offers the complete range of services that are necessary to realise global projects from conception to start-up.  These services include a portfolio of advanced process technologies, a full range of engineering studies (including bankable feasibility and environmental studies), total project management, engineering and design, procurement, construction, commissioning and maintenance services.

 

 Aker Kvaerner China (AKC) maintain two operational offices located in Shanghai and Beijing with over 140 bi-lingual national staff. The company's main business areas include chemicals, polymers, pharmaceuticals and oil & gas projects. AKC also actively seeks work in other business sectors such as metals, mining, water and waste water treatment and transportation projects. AKC possesses the local knowledge, through its in-country operations, and a current and thorough understanding of key issues required to ensure the successful execution of projects in China.

Asahi-DuPont POM (Zhangjiagang) Co., Ltd.,is a joint venture of Asahi Kasei Chemicals and Du Pont China Holding Co., Ltd.

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