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Aker Kvaerner's sale of Pulping and Power finalised

29 December 2006 - Aker Kvaerner's sale of its Pulping and Power businesses to Metso Corporation has been closed today as expected. The final transaction value will be based on the balance sheet as of 31 December 2006. Aker Kvaerner confirms the estimates given in the announcement on 8 February 2006. The estimated transaction value is approximately NOK 3 billion, net cash effect around NOK 2.6 billion and net gain compared to book value about NOK 2.4 billion. The profit earned during 2006 will be consolidated into Aker Kvaerner's accounts. "The completion of this transaction on time

Aker Kvaerner's sale of Pulping and Power businesses to Metso approved by the European Commission

12 December 2006 - Aker Kvaerner's sale of its Pulping and Power businesses to Metso Corporation has today been approved by the European Commission. As a consequence, the transaction is planned to be closed by 31 December 2006. The final transaction value will be based on the balance sheet as of 31 December 2006. Aker Kvaerner confirms the estimates given in the announcement on 8 February 2006. The estimated transaction value is approximately NOK 3 billion, net cash effect around NOK 2.6 billion and net gain compared to book value about NOK 2.4 billion. The profit earned during 2006 will be

Aker Kvaerner wins evaporation plant order from Asia

9 November 2006 - Aker Kvaerner has received an order for the delivery of a large evaporation plant for a pulp mill in Asia. Kvaerner Power, part of the Aker Kvaerner group, will supply an evaporation plant with a total capacity of 2,000 tons of evaporated water per hour. The project commences shortly and the evaporation plant will take approximately two years to be completed. This new evaporation plant order follows the award to Kvaerner Power, announced on 2 October 2006, for the supply of a recovery boiler to the same pulp mill. ENDS   For further information, please

Aker Kvaerner to supply world's largest cooking plant to Asian pulp mill

7 November  2006 - Aker Kvaerner has received an order for the delivery of what will become the world's largest cooking plant to a pulp mill in Asia. By request of the client the contract value is not disclosed. Kvaerner Pulping, part of the Aker Kvaerner group, is to provide the cooking plant featuring the state-of-the-art Compact Cooking(TM) G2 technology. Scope includes engineering, procurement and construction supervision services. "Despite fierce competition, once again our environmentally friendly and cost-effective technology solutions, combined with our well-reputed project

Aker Kvaerner and Alfa Laval unite expertise on plant deliveries to the pulp and paper industry

7 November 2006 - Aker Kvaerner and Alfa Laval have entered a global reselling agreement for Alfa Laval's P2 range of decanter centrifuges. The equipment is designed for use in white liquor plants in pulp mills. Using a P2 decanter in the system enables waste to be reduced by up to 50 per cent by eliminating the use of lime mud precoat.  Energy use can also be cut by up to 40 per cent. Under the agreement Kvaerner Pulping, part of the Aker Kvaerner group, will integrate the Alfa Laval decanter centrifuges into so-called green liquor dregs dewatering applications. This is part of the

Aker Kvaerner wins two awards from the Brazilian Pulp and Paper Technical Association

19 October 2006 - For the second, consecutive year, Aker Kvaerner subsidiary, Kvaerner do Brasil, has been recognised by the Brazilian Pulp and Paper Technical Association (ABTCP) for the calibre of its supplier capabilities. As in 2005, the ABTCP recognised Aker Kvaerner as the "Preferred supplier of machines and equipment for pulp manufacturing". This year also sees the company win the award for the category of "Systems for liquor recovery and power generation". "We are, of course, proud and delighted to be recognised once again by the Brazilian pulp and paper industry. Despite many

Repeat order for Aker Kvaerner from Swedish pulp mill

11 October 2006 - Aker Kvaerner has been awarded a further contract to supply equipment for the white liquor production at Iggesund Paperboard's mill, Iggesunds, in Sweden. The order forms part of the completion of the new white liquor plant at the pulp and paperboard mill. Kvaerner Pulping, part of the Aker Kvaerner group, will supply a lime mud filter including engineering, procurement and construction services. The lime mud filter, together with a new lime kiln supplied by Aker Kvaerner's partner FFE Minerals, will mark the completion of the new white liquor plant at Iggesund. The

Aker Kvaerner wins USD 70 million pulping contract in Japan

3 October 2006 - Aker Kvaerner has received an order from a confidential client for delivery of a new fiberline, an upgraded cooking plant and a modernised white liquor plant for a pulp mill in Japan. The contract is worth approximately USD 70 million to Aker Kvaerner. The order to Aker Kvaerner is part of an expansion project at the integrated mill. The expansion project will improve quality and increase the capacity by 500 tonnes of pulp per day. "Japan remains an important market for Kvaerner Pulping. This new order underlines our position as the number one productivity provider

Aker Kvaerner wins boiler orders worth EUR 100 million

2 October 2006 - Aker Kvaerner has secured a boiler contract in Asia, and a letter of intent to provide three power boilers to a separate customer in France. The combined orders are worth approximately EUR 100 million to Aker Kvaerner. Kvaerner Power, part of the Aker Kvaerner group, will supply a recovery boiler for a project in Asia. This project commences shortly and the boiler will be completed within two years. Kvaerner Power has also signed a letter of intent to supply three power boilers to a French customer for its power plants in three different locations in France. The

Aker Kvaerner receives Technology Leadership award from Frost & Sullivan in biomass power market

22 September 2006 - The Aker Kvaerner subsidiary Kvaerner Power has been awarded the 2006 Frost & Sullivan Technology Leadership Award in the European biomass power plant market. The award recognises Kvaerner Power's versatile and constantly expanding technology and product portfolio, as well as its commitment to innovation. While acknowledging its overall technological excellence, the company is commended, in particular, for its leadership of fluidised bed combustion technology. "This award is a significant tribute to us and it shows the appreciation of our technology competence in

Aker Kvaerner's sale of Pulping and Power businesses to Metso into the second phase in the European regulatory clearance process

14 August 2006 - Metso Corporation's application for the clearance of its purchase agreement of Aker Kvaerner's Pulping and Power businesses has been extended into the second phase in the EU review process. The European Commission has indicated in a press release it has issued today that it has identified certain potential competition issues in the markets for pulp mill equipment. Metso and Aker Kvaerner continue to cooperate constructively with the Commission to lift any doubt that might exist and to solve any potential competition concerns. Both Metso and Aker Kvaerner continue to

Aker Kvaerner to modernise cooking plants at the Aracruz pulp mill

26 June 2006 - Aker Kvaerner has signed a letter of intent with Aracruz for a modernisation of the cooking plants at the Aracruz Unidade Barra do Riacho pulp mill in Brazil - the world's largest pulp mill. The contract is worth approximately USD 16 million.   The modernisation of the cooking plants is part of an expansion project at the mill, which seeks to increase annual production to more than 2.3 million tonnes of pulp per year. The mill uses planted eucalyptus as raw material. "This prestigious order from Aracruz confirms that our proprietary Compact Cooking(TM) method is

Aker Kvaerner to deliver recovery boiler to UPM's Kymi pulp mill in Finland

22 June 2006 - Aker Kvaerner has been awarded a contract for the supply of a recovery boiler, to modernise the chemical recovery plant at UPM's Kymi pulp mill in Kuusankoski, south eastern Finland.  The contract value to Aker Kvaerner is approximately EUR 80 million. UPM is one of the world's leading producers of printing papers and the clear market leader in magazine papers. The recovery boiler will be part of the mill's new recovery line, which will replace two existing lines that date back to the 1960's and 1970's. The new recovery plant will improve the pulp mill's energy efficiency

Aker Kvaerner to upgrade Brazilian pulp mill

16 June 2006 - Aker Kvaerner has signed a letter of intent with Klabin for an upgrade of the Monte Alegre mill in Telêmaco Borba, Paraná, Brazil.  The contract value for Aker Kvaerner is approximately USD 25 million. The order to Aker Kvaerner is part of the MA 1100 expansion project at the Monte Alegre mill and includes upgrades of the existing cooking, white liquor and evaporation plants. When the entire expansion project is finalised the integrated mill will produce 1.1 million tonnes of paper and board per year, using planted eucalyptus and pine as raw material.    "Preferred

Metso and Aker Kvaerner sign final agreement

Following the successful completion of the due diligence process,  the agreed transaction price of approximately NOK 3 billion remains unchanged. Metso Paper and Aker Kvaerner's Pulping and Power business continue to act as separate and independent companies, competing with each other until the closing of the transaction. After all the approvals have been received, the transaction is closed, and the integration of the businesses will commence. ENDS   For further information, please contact:   Media:Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51

Aker Kvaerner to increase capacity at the world's largest fiberline

The facility was started up in November 2004. The fiberline, originally delivered by Aker Kvaerner, has a nominal capacity of 3,000 tonnes of pulp per day making it the world's largest fiberline. The new pressure diffusers are being installed to facilitate a capacity increase to 4,000 tonnes of pulp per day, or about 1.3 million tonnes per year. Kvaerner Pulping, part of the Aker Kvaerner group, will provide engineering, procurement and supervision services (EPS) under the new contract. "To once again be entrusted by this important customer clearly demonstrates the strength of Aker

Aker Kvaerner to sell Pulping and Power businesses to Metso

The acquisition is subject to completion of the due diligence process by Metso, signing of the final sale and purchase agreement, and obtaining the relevant regulatory approvals. The parties aim to sign the final agreement by mid April 2006. For Aker Kvaerner, the deal will have a positive net cash effect of approximately NOK 2.6 billion. Net gain for Aker Kvaerner compared to book value of the businesses is estimated to be a total of NOK 2.4 billion. Aker Kvaerner will continue to operate Pulping and Power until the transaction has been finally concluded. The parties have agreed to an

Aker Kvaerner to supply cooking plant to Indonesian pulp and paper mill

The new cooking plant is an important part of a modernisation project at the mill. The new cooking plant will increase the pulp production by 1 650 tonnes per day, using acacia as raw material. The addition of the new continuous cooking plant, using the patented Compact Cooking(TM) technology, was selected in preference to extending the existing cooking plant. "In recent years we have further developed our proprietary cooking method, making it even more beneficial in terms of productivity and pulp quality, as well as environmental performance. This prestigious order from one of the

Aker Kvaerner receives Preferred Supplier award from Brazilian Pulp and Paper Technical Association

"This award is a significant compliment for us and we are delighted to accept it. In our daily business we focus hard on our customers' needs in the South American pulp production market and this respected award encourages and inspires us to intensify our efforts," says Aristides Labigalini, President of Kvaerner do Brasil. The recognition as Preferred Supplier in Brazil follows two recently announced major orders from Suzano (Brazil) and ENCE (Uruguay), and is a further acknowledgement of Aker Kvaerner's commitment to and successful presence in the South American pulp production market.

Aker Kvaerner to supply the main process equipment for ENCE's new pulp mill in Uruguay

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

Aker Kvaerner to supply cooking plant and recovery island to Suzano's new pulp mill in Brazil

"This order clearly demonstrates the strength of Aker Kvaerner's technology and capabilities within the pulp and paper industry, and is one of the biggest orders ever in this area for Aker Kvaerner. It marks yet another important reference on the fast growing South American market," says Inge K. Hansen, President & CEO of Aker Kvaerner. The contract is part of Suzano's expansion project consisting of a new bleached kraft pulp line at the existing Mucuri mill, at the southern tip of Bahia state. The new line will increase the mill's pulp production by one million tons/year, using

VCP picks Aker Kvaerner to supply wash presses

Kvaerner Pulping, part of the Aker Kvaerner group, will provide engineering, procurement and construction services (EPC) under the new contract. The wash presses are scheduled for start up in August 2006. The new wash presses of Kvaerner Pulpings Compact Press(TM) design will be installed in two of the Jacareí mill's fiberlines. One will replace old equipment in the Line B bleach plant to facilitate increased production while the second will improve both pulp quality and capacity in Line C's brown stock washing area. "Even though there is a fierce competition in this market, once

APP Best Partner Award to Aker Kvaerner

"It is with great pleasure we accept this award that further strengthens the relationship between APP and Kvaerner Pulping," says Per-Åke Färnstrand, President of Kvaerner Pulping. "Our project managers and teams have done a great job in all projects with APP. However, excellence in project execution is what all our clients do, and have every right to expect from Kvaerner Pulping" says Per-Åke Färnstrand. Through Kvaerner Pulping, Kvaerner Power and Aker Kvaerner Chemetics the Aker Kvaerner group continues to enjoy a close and fruitful relationship with APP, and remains confident that

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