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Home > Company Index > Materials & Construction > Engineering & Architectural Services > Kværner ASA

Kværner ASA
 PROFILE
Anglo-Norwegian conglomerate Kværner is on the move -- moving away from the mechanical fabrication that made it one of the world's leading shipbuilders (#1 in Europe) to emphasize two core areas. Accounting for almost half of its sales are Kværner E&C (engineering and construction), which includes chemical and transportation businesses, and Kværner Oil & Gas, which provides offshore oil and gas services. The company plans to sell noncore businesses, such as its pulp and paper operations and its shipbuilding division. Its Kværner Construction arm, which offers building and civil engineering services, has been sold to construction giant Skanska. Aker Maritime owns 26% of Kværner.

 COMPETITION
Hitachi Zosen Corporation (dossier)
Ishikawajima-Harima Heavy Industries Co., Ltd. (dossier)
Preussag AG (PRS)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 6,204.40
1-Yr. Sales Growth: (29.6)%
Employees: 34,059
Revenue per employee: $182,166.24

 KEY PEOPLE
• Kjell E. Almskog
    CEO
• John Charlton
    CFO

 CONTACT INFO
Prof. Kohts vei 15
1325 Lysaker, Norway
Phone: 47-67-51-3000
Fax: 47-67-51-3010
Online: Web Site

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