PROFILE |
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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 |
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Hitachi Zosen Corporation (dossier)
Ishikawajima-Harima Heavy Industries Co., Ltd. (dossier)
Preussag AG (PRS)
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FINANCIAL OVERVIEW |
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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 |
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Kjell E. Almskog
CEO
John Charlton
CFO
CONTACT INFO |
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Prof. Kohts vei 15
1325 Lysaker, Norway
Phone: 47-67-51-3000
Fax: 47-67-51-3010
Online: Web Site
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