Aker Yards

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Aker Yards ASA
Type of Company	Public
Founded
Headquarters	Oslo, Norway
Key people	Karl Erik Kjelstad (CEO)
Industry	Shipbuilding
Revenue	NOK 16,607 million (2005)
Operating income	NOK 680 million (2005)
Net income	NOK 777 million (2005)
Employees	16,000 (2006)
Website	www.akeryards.com

Aker Yards (OSE: AKY) is a Norwegian shipbuilding company which ownes 14 shipyards in Norway, Finland, Germany, Romania, Brasil and France. The company is the largest shipbuilding company in Europe and the fifth largest in the World. The company has three business areas: Cruise & Ferries, Merchant Vessels and Offshore & Specialized Vessels. Aker Yards is a publicly traded company on Oslo Stock Exchange and is owned 50.4% of Aker Group, which is controlled by Kjell Inge Røkke and also listed on Oslo Stock Exchange. Aker Yards was split from its mother company in 2004.

Contents 1 Operations 1.1 Cruise and Ferries 1.2 Merchant vessels 1.3 Offshore and specialised vessels 1.4 Strategic areas 1.5 List of shipyards

[edit] Operations

[edit] Cruise and Ferries

The cruise and ferry division is one of the four leaders wordwide in cruise and ferry construction and ships are built at the yards in Finland and France. The division had a revenue of €712 million in 2005.

[edit] Merchant vessels

The merchant vessels are produced at the yards in Germany, Romania and Norway. The division had a revenue of €572 million in 2005.

[edit] Offshore and specialised vessels

The offshore and specialised vessle division produces its ships in Norway, Finland and Brazil while hulls are often constructed in Romania. Ships made by this devision include field support, subsea support, arctic vessels, fishing vessels, naval craft, research vessels and coast guard vessels. The division had a revenue of €699 million in 2005.

[edit] Strategic areas

Aker Yards points out three areas of exceptional competence. Aker Yards Arctic, with 25 employees in Finland, focuses on arctic vessels. Aker Yards Marine, Aker Yards Project and Brevik Engineering offer innovative ship design while Aker Yards Piikkio makes 6,000 ready-made cabins annually.

[edit] List of shipyards

• Aker Yards Norway (located at Aukra, Brevik, Langsten, Brattvaag and Søviknes)
• Aker Ostsee (located at Wismar and Rostock-Warnemünde)
• Aker Finnyards (located at Helsinki, Rauma and Turku)
• Aker Brevik and Aker Tulcea
• Chantiers de l'Atlantique (75% ownership)
• Aker Promar (51% ownership)