Aker Yards

From Wikipedia, the free encyclopedia

Aker Yards ASA <tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;"> Image:Aker Yards logo.jpg </td></tr>
Type	Public
Founded
Headquarters	Oslo, Norway <tr><th style="text-align:right; padding-right:0.75em;">Key people</th><td>Karl Erik Kjelstad (CEO)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Industry</th><td>Shipbuilding</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Revenue</th><td>NOK 16,607 million (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Operating income</th><td>Image:Green Arrow Up.svg NOK 680 million (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Net income</th><td>Image:Green Arrow Up.svg NOK 777 million (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Employees</th><td>16,000 (2006)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Website</th><td>www.akeryards.com</td></tr>

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.

1 Operations

[edit] Operations

Image:Aker Finnyards Helsinki Aerial.jpg

[edit] Cruise and Ferries

The cruise and ferry division is one of the four leaders wordwide in cruise and ferry construction and ships are buildt 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.