Kvaerner picks Singapore as its Asia-Pacific hub

Norwegian shipbuilding and oil services group, Kvaerner has made Singapore one of its two regional business hubs. The other is Houston, Texas. The move is to strengthen its oil and gas business and tap a wider customer network.
Kvaerner says Singapore is a logical choice as it is the existing
regional headquarters for its engineering and construction business. The country also has excellent infrastructure and a ready pool of human resources.
The Singapore office will be overseen by the group’s unit Aker Kvaerner, which has 1,200 staff in the Asia Pacific, a quarter of whom are in Singapore.
Helge Lund, Group President and CEO, Kvaerner, said: “It takes a longer time to develop our market position here and also prospects will have to take a longer time than anticipated to develop, but we take positive outlook on the market but for any company, Asia is a challenging region to work in.”.

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