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Aker Solutions ASA
Aker Solutions ASA
Registriert in: Norwegen WKN: A0B97B Rohstoffe:
Art: Originalaktie ISIN: NO0010215684 Dienstleister
Heimatbörse: Oslo Alternativ: -
Währung: NOK    
Symbol: AKSO.OL Forum:

Aker Solutions and TWP Projects agree strategic alliance

28.06.2010 | 10:00 Uhr | Globenewswire Europe
28 June 2010 - Aker Solutions has signed a strategic partnership agreement with
South African project house, TWP Projects. The alliance will see the two
companies collaborating on large minerals processing and hydro-metallurgical
projects in Africa.

"Aker Solutions houses a wealth of global engineering, procurement and
construction expertise in the mining & metals sector, whilst TWP brings
significant local knowledge and on-the-ground infrastructure to the equation,"
says Johan Cnossen, SVP - Europe, Middle East and Africa, Aker Solutions'
Process & Construction business.

TWP Projects MD, Digby Glover, says the two companies offer a complementary
skills set which will allow the partnership to rapidly mobilise significant
resources and expertise on large projects in Africa.

TWP has serviced the needs of the mining and resources market since 1982, and
has developed a strong foothold in the Southern Africa arena.

"In terms of the overarching agreement, Aker Solutions and TWP will work
together to execute large minerals processing and hydro-metallurgical projects
in Africa. With Aker Solutions global presence we may review opportunities
further afield where required."

"This alliance offers clients a full service, from geological services,
including resource definition, through to mining, processing and final product,
for most minerals," adds Johan Cnossen.

Discussions on opportunities for collaboration on project work began in November
2009 when both companies were working for the same client in Namibia.

"We realised there was the potential to grow a substantial project portfolio by
entering into a partnership with one another. We are in discussions with several
mining groups for project work, and will structure the partnership arrangement
on a project-specific basis," says Glover.

The Aker Solutions contract party is Aker Solutions E&C International Ltd South
African Branch.


Vanessa Mourant, VP Communications, Aker Solutions. Tel: +44 (0)20 8545 0270,
Mob: +44 (0)7771 806566

Geir Arne Drangeid, EVP Communications, Aker Solutions. Tel: +47 67 51 30 36,
Mob: +47 91310458

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194

For further information about sourcing and potential subcontracts for this
project, please contact the relevantBA Global Sourcing Champion.

Career opportunities:

Notes to editors:
Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global provider of engineering and construction services,
technology products and integrated solutions. Aker Solutions' business serves
several industries, including oil & gas, refining & chemicals, mining & metals
and power generation. The Aker Solutions group is organised in a number of
separate legal entities. Aker Solutions is used as the common brand/trademark
for most of these entities.
Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has
aggregated annual revenues of approximately NOK 54 billion and employs
approximately 22 000 people in about 30 countries.
Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies
with a focus on energy, maritime and marine resource industries. The Aker
companies share a common set of values and a long tradition of industrial
innovation. Through its majority-owned holding company Aker Holding AS, Aker
controls 40.27 percent of the shares in Aker Solutions, and takes an active role
in the development of the company.

Aker Solutions' Process and Construction business area is a global provider of
onshore engineering, procurement, construction and commissioning services to the
natural resources and energy markets. We supply niche process expertise with
high technology and know-how content for projects across chemicals, polymers,
gas processing and refining; mining and metals; onshore liquefied natural gas
(LNG) terminals and storage; power generation; biofuels; carbon capture; nuclear
and water management.

Aker Solutions' South African office was established in Johannesburg in November
2008, with an initial focus on the mining and metals and nuclear markets.

TWP Projects, is the largest subsidiary within TWP Holdings, which merged with
construction giant Basil Read in December 2009. TWP Projects consists of four
divisions with specific market focuses, namely mining and infrastructure,
process, energy and regional offices. Two new divisions are being created to
focus on infrastructure work and the oil and gas industry.

The merger with Basil Read has unlocked the opportunity for TWP Projects, which
traditionally operated in the engineering, procurement and construction
management (EPCM) environment, to extend its offering and become involved in the
engineering, procurement and construction (EPC) arena

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


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
All reproduction for further distribution is prohibited.

Source: Aker Solutions ASA via Thomson Reuters ONE

Unternehmen: Aker Solutions ASA - ISIN: NO0010215684
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