Kvaerner Songer, part of the Aker Kvaerner engineering and construction group, first entered into the alliance in 1998. Under the alliance, Kvaerner Songer and U. S. Steel work together to improve the safety, quality, schedule and overall efficiencies and costs for blast furnace repairs. The alliance encompasses all current U. S. Steel plants in the United States, including the recently acquired National Steel plant sites. The new extension will take the agreement forward until February 1, 2008.
Since the inception of the alliance in 1998, Kvaerner Songer has performed in excess of $110 million in services for blast furnace repairs at Gary Works, Fairfield Works and the Edgar Thomson plant of Mon Valley Works.
The first project scheduled to be executed under the extension is the #6 Blast Furnace repair at the Gary Works. This project is currently scheduled for the end of the fourth quarter 2003.
"We have worked very closely with U. S. Steel in an open book fashion during the past five years and have implemented cutting edge programs, techniques and project delivery systems which have resulted in substantial improvements to U. S. Steel's capital effectiveness of blast furnace repairs and rehabilitation," said Jim Miller, President, Kvaerner Songer.
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For more information, please contact:
Media
Geir Arne Drangeid, Senior Vice President Group Communications, Aker Kværner ASA Tel: +47 913 10 458
Investor Relations
Tore Langballe, Vice President Investor Relations, Aker Kværner ASA Tel: +47 907 77 841
Aker Kvaerner
is a leading global provider of engineering and construction services, technology products and integrated solutions. Group activities span a number of industries, including Oil and Gas upstream and downstream, Process, Pharmaceuticals, Metals, Power, Chemical Pulping, Environmental and Shipbuilding. Aker Kvaerner is a multi-local group of businesses with nearly USD 6 billion of annual revenues and around 33 000 employees in more than 30 countries.
Kvaerner Songer
is a wholly owned subsidiary of Kvaerner Holdings, Inc. providing union construction services and maintenance to North American industry.