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Aker Kvaerner invests in expansion and relocation of specialised technology shop

Aker Kvaerner ASA, the Norwegian engineering powerhouse has announced its commitment to further invest in its Process & Construction business by relocating and expanding the company's technology fabricationarm; Aker Kvaerner Chemetics in Toronto, Canada

18 February 2008 - Aker Kvaerner ASA, the Norwegian engineering powerhouse has announced its commitment to further invest in its Process & Construction business by relocating and expanding the company's technology fabricationarm; Aker Kvaerner Chemetics in Toronto, Canada.
 
The new state-of-the-art fabrication shop, to be built in Pickering, Ontario, just east of Toronto, represents an investment of CAD 17.7 million . Aker Kvaerner Chemetics was established in Greater Toronto in 1961. The construction of this facility will enable Aker Kvaerner Chemetics to further capitalise on their expertise in specialised welding, stainless steel and high alloy fabrication. The new facility will provide higher and heavier lift capacity for larger equipment and will increase production.
 
"We are expanding the customer base in our traditional sulphuric acid markets and further expanding into equipment supply to the energy and process markets," says Doug Shaw, President of Aker Kvaerner Chemetics.
 
"Construction of this facility will allow us to capitalise on the market's demand for shell and tube fabrication by more than doubling our production capacity in Toronto. We expect employment to increase 40% by the end of 2009," says Bob Vanderland, president of the Toronto facility.
 
Integrating the Company's comprehensive Health, Safety and Environmental principles, the new facility will provide improved workflow by eliminating congestion in work areas, more efficient energy usage, and built-in waste management systems. 
 
"This is an important strategic investment for the business as we continue to service our customer base with the highest quality of technological solutions in the industries we serve," says Martinus Brandal, President & CEO of Aker Kværner ASA.

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