Aker Solutions to boost subsea manufacturing capacity
(Thomson Reuters ONE) -
20 April 2012 - International oil service group Aker Solutions is preparing for
major growth by investing NOK 500 million (USD 87 million) in its subsea
business. This investment is set to double the capacity of its manufacturing
plants in Tranby, Norway, and Port Klang, Malaysia. In addition, a new service
base will also be established in Malaysia.
The subsea segment of the oil and gas industry is growing rapidly and is
expected to develop exponentially over the next few years. Of Aker Solutions'
23 500 employees almost 7000 are employed within the subsea business, a number
which is set to increase due to this expansion.
These planned investments are a response to a wave of existing orders and
recognition of the growing market demand. Aker Solutions ability to serve its
current and future clients will be improved and this development will facilitate
market share growth within subsea production technologies, including subsea
trees, control systems, pumps and work-over systems.
The investments include the addition of brand new machines and a physical
expansion of the facilities in Port Klang, Malaysia, and Tranby, Norway. The new
service base in Malaysia will support projects in the Asia-Pacific region.
"The subsea market has strong fundamentals and this steady growth is expected to
continue. We are now preparing for expansion in all markets and regions and
these investments give us great momentum. They will also increase our capability
to serve our clients and our ability as their preferred partner", says Alan
Brunnen, executive vice president of Aker Solutions' subsea business area.
Approximately 80 percent of the investments will be made this year, including
the purchase of new machines, equipment and tooling. The remaining investments
will continue throughout 2013 and 2014.
In the past, Aker Solutions has invested heavily in Malaysia, which is their
deepwater hub in the Asia Pacific region. This includes the company's
manufacturing centre in Port Klang close to Kuala Lumpur which employs close to
800 people and a 600-strong front-end, design and engineering hub in Kuala
Lumpur.
The Tranby facility outside of Oslo, is growing rapidly and employs 630 people,
acting as the centre of excellence for Aker Solutions' subsea operations.
The new service base in Labuan Federal Territory in East Malaysia will support
the installed and future deepwater projects in the Asia Pacific region and will
open in July this year. Aker Solutions has two other subsea service bases in the
Asia Pacific region; one is located in Perth, Australia, and the other in
Kakinada, India.
ENDS
For further information, please contact:
Media:
Severin Roald, Vice President Communications, Aker Solutions. Tel:
+47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald(at)akersolutions.com
Investor relations:
Astrid Thommesen Sæbø, Vice President Investor Relations, Aker Solutions. Tel:
+47 22 94 63 37, Mob: +47 48 17 00 35, E-mail:
astrid.thommesen.saebo(at)akersolutions.com
Suppliers:
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers
Career opportunities:
Visit http://www.akersolutions.com/careers
Aker Solutions provides oilfield products, systems and services for customers in
the oil and gas industry world-wide. The company's knowledge and technologies
span from reservoir to production and through the life of a field.
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
23 500 people in more than 30 countries. They apply the knowledge and create and
use technologies that deliver their customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had aggregated
annual revenues of approximately NOK 36.5 billion. The company is listed on the
Oslo Stock Exchange.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.
Manufacturing plant in Port Klang:
http://hugin.info/77/R/1604245/507548.jpg
Employees at the Tranby facility:
http://hugin.info/77/R/1604245/507550.jpg
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
[HUG#1604245]
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Datum: 20.04.2012 - 02:00 Uhr
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