Scana Industrier CEO Steps Down
Norwegian marine, energy, steel and machinery group Scana Industrier announce that as from 1, November 2013, Rolf Roverud leaves his position as CEO of Scana Industrier ASA and Jan Henry Melhus will act as CEO from the same date. Currently, Melhus holds the position as Executive Vice President / COO of Scana Industrier. "I want to thank Mr. Roverud for his strong efforts through a very challenging period for Scana. Both the Board of Scana and Mr. Roverud are of the opinion that there is a need for management changes in Scana in light of the strategy going forward…
China Firm Buys Scana Machinery Co. Stake
Norway Headquartered Scana Industrier ASA has entered into an "Equity Sale and Purchase Agreement" with Leshan Zhi Yuan Gao Di Mining Co. Ltd. regarding a sale of Scanas 80% equity share interest in Leshan Scana Machinery Co. Ltd. The new owner will immediately take responsibility for daily operation of the company together with the existing organization, and will take responsibility for the companys obligations, say Scan Industrier. Leshan Scana Machinery is located in Leshan City, Sichuan Province, China. "The transaction will gradually strengthen Scanas capital base through cash inflow and reduced debt. The "Equity Sale and Purchase Agreement" is now to be approved by Chinese authorities.
Scana to Supply Rolls-Royce with Marine Propulsion Components
Scana Industrier ASA subsidiary Scana Steel Björneborg, receives an additional order from Rolls-Royce, for delivery of complete propeller and intermediate shafts during 2013-2014. The total value of the contract is 20-million SEK. Scana Steel Björneborg has a long history as a supplier to Rolls-Royce, who requires consistently high quality propeller and intermediate shafts for their propulsion systems. During the latest 12 months Scana Steel Björneborg has received several large orders from the customer and the order reserve within Scana Steel Björneborgs marine area has increased considerable. "Scana's strategy is to produce complete products for our customers.
Scana Wins GofM Lift Frame Equipment Contract
Scana Industrier ASA subsidiary Scana Offshore Services signs a new contract for Motion Compensating Coiled Tubing Lift Frames. Sweden's Scana Industrier ASA has, through its subsidiary Scana Offshore Services in Houston, Texas, entered into an agreement with a non-disclosed customer for delivery of Motion Compensating Coiled Tubing Lift Frame assemblies for use in the Gulf of Mexico. The contract value is approx. US$8-million and deliveries will take place in the 1st half of 2014. The project will be lead by Scana Offshore Services with engineering support from Stingray Offshore Solutions LLC, a Houston based design and engineering company where Scana holds a 25% ownership.
