(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.