While the operations in Bridgewater have been unable to book additional contracts in the United States, the Aker Kvaerner group will continue to service other parts of the international pharmaceutical industry from the company's entities based in Europe.

Aker Kvaerner Pharmaceuticals, Inc. is now communicating with its customers to assure current contractual obligations are fulfilled and will retain a task force to complete these projects.  Aker Kvaerner Plant Services Group, Inc., another member of the Aker Kvaerner family of companies has future plans to pursue plant services work in various industries including pharmaceuticals in New Jersey and the northeast.

Joe West has succeeded John Kurth as General Manager of the Bridgewater Operations. 

"The company wishes to thank its current and former employees as well as the entire Bridgewater community for their support and deeply regret that circumstances have made this decision necessary", says Mr. West. 

 

As a result of the decision, notices have been issued to affected employees at the New Jersey facility in compliance with the Worker Adjustment and Retraining Notification Act ("WARN").

ENDS

Donna Rougeaux, Communications Manager, Aker Kvaerner. Tel: +1 713-270-2407, Mob:  +1 832-277-6955

Charles White, Chief Legal Counsel, Aker Kvaerner   Tel: +1-713-270-3604

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.

 

Oil, Gas, Process & Energy executes technology development, engineering and construction services for industries as diverse as Oil & Gas Onshore and Offshore Developments, Chemicals & Polymers, Pharmaceuticals, Government Services, and Mining & Metals. With an annual turnover of US$1.14 billion, Oil, Gas, Process & Energy (OGPE) business area of Aker Kvaerner employs more than 5,400 people operating worldwide.

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