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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 boilers are scheduled for start-up towards the end of 2008.

In addition to these new orders, Kvaerner Power has received contracts to supply a non-condensable gas incineration system to Torraspapel S.A.’s pulp mill in Zaragoza, Spain, plus a flue gas cleaning and heat recovery system to Stora Enso Oyj for its Heinola fluting mill’s power plant in Finland.


Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner, Tel: +47 67 51 30 39.

For further information about sourcing and potential subcontracts for this project, please contact:
Juha Vakkari, E&C Supply Management. Tel: +358 400 62 44 19.

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 comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting 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. Aker Kvaerner has aggregated annual revenues of approximately NOK 41.4 billion and employs approximately 23 000 people in more than 30 countries.

Aker Kvaerner is part of the Aker Group (, a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 50.01 per cent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.

Kvaerner Power is a forerunner in 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 is also the leading chemical recovery equipment supplier in the world with its 300 recovery boilers and 300 evaporation unit deliveries. 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 500 million and it employs 1600 people worldwide.

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