Aker Kvaerner to upgrade Tranby subsea facility

Aker Kvaerner intends to invest about $9.7 million in its Tranby subsea tree manufacturing facility.

Offshore staff

(Norway, Asia-Pacific) - Aker Kvaerner intends to invest about $9.7 million in its Tranby subsea tree manufacturing facility.

The incremental investment in new machining technology and a new subsea tree assembly line will expand subsea tree production capacity by 25% and increase manufacturing efficiency.

The company plans to add a dedicated subsea pump assembly and testing facility.

Aker Kvaerner is also establishing a new $37.2 million high technology manufacturing centre in Kuala Lumpur, Malaysia, to be operational in late 2006.

The upgraded Tranby facility will be a training center for Malaysian employees in preparation for operation of the new Malaysian facility.

02/13/06

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