Kværner ASA : Kvaerner awarded steel mill galvanizing line contract in Ontario, Canada

13 November 2013 - Kvaerner North American Construction Ltd. ("Kvaerner NAC"), a subsidiary of Kvaerner, has received a contract to perform equipment installation and ancillary work for a galvanizing line in Hamilton, Ontario, Canada at ArcelorMittal Dofasco.  

Kvaerner NAC has a long history at ArcelorMittal Dofasco performing maintenance and capital projects at the facility. The project will be executed under an agreement between Kvaerner NAC and ArcelorMittal Dofasco with a value in excess of CAD 40 million.

Jim Miller, EVP of Kvaerner Onshore Americas, said "We are honoured to be selected for this important project and look forward to continuing our long standing relationship with ArcelorMittal."  The galvanizing line will enable the development and production of a range of advanced high-strength steels that are in high demand in the auto sector. 

The project is scheduled to begin in November 2013 with completion in early fall 2014.

ENDS

For further information, please contact:

Investor relations:
Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob: +47 950 38 364

Media:
Odd Naustdal, VP Communications, Kvaerner, Tel: +47 53 41 81 03, Mob: +47 905 76 079.

About Kvaerner:
With approximately 3 000 HSSE-focused and experienced employees, Kvaerner is a specialised provider of engineering, procurement and construction (EPC) services for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor that plans and realises some of the world's most demanding projects as a preferred partner for upstream and downstream oil and gas operators, industrial companies and other engineering and fabrication contractors.

In 2012, the Kvaerner group had consolidated annual revenues of close to NOK 11 billion and the company had an order backlog at 30 September of almost NOK 27 billion. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo Stock Exchange on 8 July 2011. For further information, please visit www.kvaerner.com