Newspaper article Evening Gazette (Middlesbrough, England)

Success in All the Sectors during 2007; A Commercial Feature in Association with AKER KVAERNER

Newspaper article Evening Gazette (Middlesbrough, England)

Success in All the Sectors during 2007; A Commercial Feature in Association with AKER KVAERNER

Article excerpt

AKER Kvaerner Engineering Services (Aker Kvaerner) has achieved success in all five of its sectors - process, metals, nuclear, water, energy - during 2007. A strong focus on multi-disciplined professional engineering projects has seen the company perform well ahead of budgets and profit targets for the year.

Dave Ley, president of Aker Kvaerner Engineering Services, commented: "The business is underpinned by a strong order book and we expect the positive trends to continue into 2008. I am therefore very optimistic that we will achieve further growth and job creation."

Key successes for Aker Kvaerner in each sector during 2007 include:

Energy - pounds 26m contract with SembCorp Utilities UK for a new Combined Heat and Power (CHP) project at Wilton.

Water - pounds 28m contract to extend the treatment capabilities of the existing regional sludge treatment centre (RSTC) at Northumbrian Water's Bran Sands site on Teesside.

Nuclear: pounds 16m contract with Magnox Electric Ltd, to design, build and install a plant for the retrieval and encapsulation of wet intermediate level wastes (ILW) at Hunterston A Site in West Kilbride, Scotland.

Metals: A multi-million pound contract for Iberian Minerals Corporation's new processing plant at its Aguas Tenidas mine in Spain.

Process: Carrying out a multi-million pound, engineering term services contract with Chevron Ltd, for work at the Pembroke Refinery in Wales.

The final quarter of 2007 has seen a number of feasibility and front end engineering design (FEED) contracts being won by the Process (chemicals, polymers and bio fuels) sector of Aker Kvaerner. These contracts, for businesses in the Tees Valley and throughout the UK, are typically to help clients undertake environmental or economic improvements to their operations. Working with the client, Aker Kvaerner assesses current operating conditions, then develops and evaluates options for improvement. For the preferred option, Aker Kvaerner produces outline engineering designs and specifications, which are costed to allow the client to move the project forward to the next phase of implementation. …

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