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    Aker Yards to establish foothold in Asia

    News // January 12, 2007

    Aker Yards plans to build support vessels at its new Vietnamese yard.

    Aker Yards is taking a strategic position in the fast growing Asian market for offshore vessels by setting up a shipyard in Vietnam.

    The shipyard will be a joint venture between Aker Yards (70 per cent) and Amanda Group (30 per cent).

    Amanda Group, with its headquarters in Singapore, has extensive industrial experience in Vietnam.

    The shipyard will be in Vung Tau, centrally located in the heart of Vietnam's growing offshore operations.

    "The new yard in Vietnam will strengthen Aker Yards ability to serve its international customers in the region. Aker Yards will invest US$16 million over a period of three years. The yard will deliver the first vessel in 2009, and ince fully operational have an annual capacity of 3-4 vessels, dependent of vessel type and size," said the company.

    Vietnam offers a unique combination of cost efficient production, highly skilled workforce and proximity to the important and growing Asian offshore market.
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