Aker Solutions and TWP Projects agree strategic alliance

28 June 2010 - Aker Solutions has signed a strategic partnership agreement with South African project house, TWP Projects. The alliance will see the two companies collaborating on large minerals processing and hydro-metallurgical projects in Africa.

"Aker Solutions houses a wealth of global engineering, procurement and construction expertise in the mining & metals sector, whilst TWP brings significant local knowledge and on-the-ground infrastructure to the equation," says Johan Cnossen, SVP - Europe, Middle East and Africa, Aker Solutions' Process & Construction business.

TWP Projects MD, Digby Glover, says the two companies offer a complementary skills set which will allow the partnership to rapidly mobilise significant resources and expertise on large projects in Africa.

TWP has serviced the needs of the mining and resources market since 1982, and has developed a strong foothold in the Southern Africa arena. 

"In terms of the overarching agreement, Aker Solutions and TWP will work together to execute large minerals processing and hydro-metallurgical projects in Africa. With Aker Solutions global presence we may review opportunities further afield where required."

"This alliance offers clients a full service, from geological services, including resource definition, through to mining, processing and final product, for most minerals," adds Johan Cnossen.

Discussions on opportunities for collaboration on project work began in November 2009 when both companies were working for the same client in Namibia.

"We realised there was the potential to grow a substantial project portfolio by entering into a partnership with one another. We are in discussions with several mining groups for project work, and will structure the partnership arrangement on a project-specific basis," says Glover.

The Aker Solutions contract party is Aker Solutions E&C International Ltd South African Branch.

ENDS

Media:
Vanessa Mourant, VP Communications, Aker Solutions. Tel: +44 (0)20 8545 0270, Mob: +44 (0)7771 806566

Geir Arne Drangeid, EVP Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 91310458

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact the relevant BA Global Sourcing Champion. 

Career opportunities:
Visit http://www.akersolutions.com/careers

Notes to editors:
Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.
Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has aggregated annual revenues of approximately NOK 54 billion and employs approximately 22 000 people in about 30 countries.
Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. Through its majority-owned holding company Aker Holding AS, Aker controls 40.27 percent of the shares in Aker Solutions, and takes an active role in the development of the company. 

Aker Solutions' Process and Construction business area is a global provider of onshore engineering, procurement, construction and commissioning services to the natural resources and energy markets. We supply niche process expertise with high technology and know-how content for projects across chemicals, polymers, gas processing and refining; mining and metals; onshore liquefied natural gas (LNG) terminals and storage; power generation; biofuels; carbon capture; nuclear and water management. 

Aker Solutions' South African office was established in Johannesburg in November 2008, with an initial focus on the mining and metals and nuclear markets. 

TWP Projects, is the largest subsidiary within TWP Holdings, which merged with construction giant Basil Read in December 2009. TWP Projects consists of four divisions with specific market focuses, namely mining and infrastructure, process, energy and regional offices. Two new divisions are being created to focus on infrastructure work and the oil and gas industry.

The merger with Basil Read has unlocked the opportunity for TWP Projects, which traditionally operated in the engineering, procurement and construction management (EPCM) environment, to extend its offering and become involved in the engineering, procurement and construction (EPC) arena

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

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