ENCE - an Iberian and American integral wood-transforming forest company and, number two in the world and Europe's leading producer of eucalyptus-based pulp - will build a new pulp mill near Fray Bentos, in western Uruguay. The mill will produce 500,000 tons per year of bleached eucalyptus pulp at a total investment cost of approximately USD 660 million. The mill is due to be operational by 2008.

Aker Kvaerner will provide the best available technology, developed and used by the company over several decades. These proven solutions ensure minimum impact on the environment, whilst delivering high-quality pulp based upon cost-effective production processes.

Kvaerner Pulping and Kvaerner Power, business units of the Aker Kvaerner group, will jointly deliver the complete fiberline (cooking, washing, oxygen delignification and bleaching) and the recovery line (evaporation plant, recovery boiler, odorous gas treatment, white liquor plant and biomass boiler).

The final contract will be signed during the coming months.

ENDS

 

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.

Terttu Tuominen, Communications Manager, Kvaerner Power. Tel: +358 20 141 2440,
Mob:  +358 40 501 1415.

Investor relations:
Lasse Torkildsen, Vice President, Group Communications, Aker Kvaerner.
Tel: +47 67 51 30 39.

 

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, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 22,000 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.

 

Kvaerner Pulping is a leading supplier of machines, process systems and service to the world-wide pulp and paper 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 .

 

Kvaerner Power is the leading chemical recovery equipment supplier in the world with its 300 recovery boilers and 300 evaporation unit deliveries. Kvaerner Power is also a forerunner in large scale fluidized bed combustion for pulp and paper industry and power producers. Approximately 200 power boilers in operation testify to the expertise in fluidized bed technology with demanding fuels. Kvaerner Power has designed and manufactured the world's largest recovery units and biomass-fired fluidized bed boilers. Kvaerner Power with main operations in Finland, Sweden, USA and Brazil has annual revenues of approximately EUR 400 million and it employs 1400 people worldwide.

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