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

2 February 2006 - Aker Kvaerner has received an order for delivery of a continuous cooking plant to a pulp and paper mill in Indonesia. The contract is worth approximately USD 10 million.

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™ 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 world’s leading pulp and paper companies confirms the strong confidence the market has for Compact Cooking™,” says Per-Åke Färnstrand, President of Kvaerner Pulping.

Under the new contract, Kvaerner Pulping AB, part of the Aker Kvaerner group, will provide engineering, procurement and supervision services. The new cooking plant is scheduled to start up in the second quarter of 2007.

ENDS

Suppliers:
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, Pharmaceuticals & Biotechnology, 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 35.6 billion and employs approximately 22,000 people in more than 30 countries.

Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 40 000 employees and NOK 60 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 Pulping is a leading supplier of machines, process systems and service to the world-wide pulp and paper industry. Kvaerner Pulping, with headquarters in Karlstad, Sweden, has 630 employees in 12 countries around the world. Kvaerner Pulping is committed to continuously improving its customers’ products, productivity and profitability through the delivery of innovative technical solutions. Kvaerner Pulping offers the full range of engineering, procurement and construction services, from single machines to complete fiberlines and white liquor plants.

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

Contact Information

Anders Thorén

Communications Manager, Kvaerner Pulping

Aker Kvaerner

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