Aker Solutions to Double Subsea Manufacturing Capacity in Brazil

Aker Solutions today laid the foundation stone of a new plant in Paraná that will double the company's subsea production capacity in Brazil. The plant in the city of São José dos Pinhais in the Paraná state in Brazil will be operational in 2015. It will replace Aker Solutions' current subsea manufacturing facility in Curitiba and double production capacity in the country.

Aker Solutions' Executive Chairman Øyvind Eriksen and Luis Araujo, president and country manager of the company's Brazilian operations, took part in a ceremony laying the foundation stone at the new site. In attendance were mayor of São José dos Pinhais Luis Carlos and other local government officials.

The new facility will have about 1,200 employees and generate work for an additional 5,000 people at suppliers. The plant will be built on a plot of land totaling 168,220 square meters.

Aker Solutions is expanding its manufacturing capacity after winning a contract in April to deliver subsea equipment to the Brazilian oil company Petrobras. The contract, worth $800 million, is for 60 well-sets with vertical subsea trees, subsea control systems, tools and spares to be used at Petrobras' deepwater pre-salt field developments in Brazil.

Aker Solutions last year started building a new multi-purpose service site for its drilling equipment business in Macaé, 180 kilometers northeast of Rio de Janeiro. The facility, set to open in 2014, will expand the company's capacity to serve the fast-growing drilling market in Brazil. Aker Solutions is also located in Rio de Janeiro and Rio das Ostras in Brazil.

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