15IO Euro.bk. 36

RNS Number:0886Z
Kvaerner PLC
19 February 2001


Kvaerner secures US$35 million contracts in Latin America and Europe

LONDON, 19 FEBRUARY 2001: Kvaerner, the Anglo-Norwegian engineering and
construction Group, today announced that it's Pulp & Paper business has
secured contracts from Argentina, Brazil, Austria and Sweden, worth in total,
approximately US$35 million.  The largest, for  Votorantim Celulosa e Papel
(VCP) at their Jacarei Mill in Brazil, will involve the rebuilding and
conversion of an existing digester to COMPACT COOKING.   

Kvaerner's new system will double the capacity of eucalyptus pulp from 1,600
to 3,200 tons per day.  The contract also includes the provision of a new
Kvaerner COMPACT FEED chip feeding system, and Brown Stock Washing, with two
Pressure Diffusers.  Start-up for the new system is scheduled for June 2002.
The contract is a part of VCP's new investment at the Jacarei Mill.
Kvaerner Pulping has also signed contracts for three digester rebuilds - for
Alto Parana S.A. in Argentina, and for the Stora Enso Skutskar and Skarblacka
mills, both in Sweden.

Zellstoff Pols AG of Austria has also awarded Kvaerner a contract for the
upgrading of a recausticizing plant. 

For further information:
Per-Ake Farnstrand, President, Kvaerner Pulping: +46 54 19 46 00, or Lennart
Brandin, Vice President Sales & Marketing, Kvaerner Pulping: +46 54 19 46 00
or Aristides Labigalini, Managing Director, Kvaerner Pulping, Brazil: +55 41
341 4444, or Paul Emberley, Vice President Group Communications, Kvaerner PLC:
+44 (0)20 7339 1035 or  +44 (0)7768 813090 or paul.emberley@kvaerner.com or
visit the website at www.kvaerner.com

Note to editors:
Kvaerner is a world-class Anglo-Norwegian engineering and construction group
with the capability and resources to undertake the world's most challenging
projects.  Today's Kvaerner is an industrial technology provider.  It meets
the needs of its customers by adding value to their business - through the
provision of innovative, cost-effective solutions to engineering, contracting
and construction challenges. The Group's activities are organised in two core
business areas: E&C (Engineering and Construction), and Oil & Gas.  Other
current activities, which include shipbuilding and pulping equipment, are to
be sold. Kvaerner is a Norwegian registered business, but has a London,
UK-based international headquarters. The Group has annual revenues in excess
of US$6 billion, with some 35,000 permanent staff located in almost 35
countries throughout Europe, Asia and the Americas.

Kvaerner Pulping is one of the world's leading suppliers to the Pulp and Paper
industry and has significant experience and capacity in the supply of complete
process systems, machines, service and training, to customers worldwide.

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