Aker Solutions to provide engineering for two Arkema PVC licenses in China
26 May 2010: The Chinese company, Qinghai Salt Lake Industry Group Co., Ltd, has opted for Arkema's PVC production processes for its new plants to be located in Xining City, People's Republic of China. As part of the cooperation agreement reached in November 2008 with Arkema, Aker Solutions will prepare the basic engineering for a 230 000 ton (kT) PVC Suspension production plant and a 35 kT PVC Emulsion plant.
"The licensing agreement concluded with Qinghai Salt Lake Industry Group Co., Ltd for three licenses confirms the remarkable quality of Arkema's PVC production processes, which makes them one of the most efficient PVC technologies in the world. Our partnership with Aker Solutions, one of the world's leading engineering and construction groups, has undoubtedly been a key element in the choice made by this Chinese manufacturer," states Otto Takken, Vice President of Arkema's Vinyl Products business segment.
"The choice made by Qinghai Salt Lake Industry Group Co., Ltd for Arkema's technology in combination with Aker Solutions' solid expertise in designing and executing projects in China, is a further illustration of the successful partnership between our companies," says Johan Cnossen, SVP - Europe, Middle East and Africa for Aker Solutions' Process and Construction business.
The licensing agreement covers the operation of the Arkema technologies, basic engineering, and technical support for the plants' startup.
The contract party in relation to the basic engineering is the Aker Solutions subsidiary Aker Process BV.
ENDS
For further information, please contact:
Media Arkema
Jacques Badaroux, Tel. : +33 1 49 00 71 34 E-mail : jacques.badaroux@arkema.com
Investor Relations Arkema
Sophie Fouillat, Tel. : +33 1 49 00 86 37, E-mail : sophie.fouillat@arkema.com
Jérôme Raphanaud, Tel : +33 1 49 00 72 07, E-mail : jerome.raphanaud@arkema.com
Media Aker Solutions
Vanessa Mourant, VP Communications. Tel : +44 (0)20 8545 0270, Mob : +44 (0)7771 806566
Investor relations Aker Solutions
Lasse Torkildsen, SVP Investor Relations. 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.
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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. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.
This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.
A global chemical company, Arkema consists of three businesses: Vinyl Products, Industrial Chemicals, and Performance Products. Arkema reported sales of 4.4 billion euros in 2009. Arkema has 13,800 employees in over 40 countries and seven research centers located in France, the United States and Japan. With internationally recognized brands, Arkema holds leadership positions in its principal markets.
www.arkema.com
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