Kvaerner cashes out

To restore profitability to the group Kvaerner has decided on draconian measures. Using a flat and unemotional tone Kjell Almskog, president and ceo of Kvaerner, has transformed Europe`s shipbuilding industry and underlined its inherent weaknesses. Although shipbuilding is the largest single sector within Kvaerner the group has decided to divest itself of all its shipbuilding […]