May 2, 2007

Onninen and Aker Yards sign a contract with regard to the supplying of warehouse services at Aker Yards Turku shipyard 

Onninen and Aker Yards have signed an extensive contract with regard to the purchase of materials and warehouse management services. The contract comprises the selling of products which are used in the shipyard industry, storage and distribution, and the production of any related services for the needs of the shipyard and its contractual partners. The service contract aims to enhance the efficiency and competitive capabilities of the Finnish shipbuilding network.

Onninen and Aker Yards intend to boost the collaboration between the companies regarding the handling of products intended for shipbuilding, storage, delivery method and availability. The parties are developing methods to predict demand together with other network companies operating at the Turku shipyard.

Senior Vice President of Production Erik Skogström points out that Onninen is a natural choice as the collaboration partner for providing services for such an extensive project. - Our aim is to primarily improve the material procurement and availability for the network companies at the Turku shipyard. Collaboration with Onninen means that we are also launching a new functional model within our company and the network of our collaboration partners. We will continue to purchase the components, preparation materials and the relevant logistics ourselves, says Skogström.

The Sales Director of Onninen, Tom Grönmark, points out that the contract strengthens Onninen’s leading position as the domestic material services provider and now also as the main collaboration partner of the shipyard industry.   - This contract is a head start for a new kind of collaboration, says Grönmark.

Collaboration is realized so that Onninen will build three outlets on the Aker Yards premises at the Turku shipyard. In these outlets products for shipbuilding purposes and other products belonging to the Onninen warehouse range will be stored. 

The collaboration begins during September 2007, when the new outlets are opened at the Aker Yards Turku shipyard. It is estimated that the collaboration will operate at full capacity on the April 1, 2008. 

More information: 
Tom Grönmark, Sales Director, Onninen Oy, tel. +358 204 85 5563 
Kai Puustinen, SVP, Group Communications, Onninen Oy, tel. +358 204 85 5558

Aker Yards ASA ( ) is one of the world’s leading cruise and ferry vessel builders. The international group belongs to one of the largest shipbuilding groups in the world. In addition to passenger vessels, the product range includes merchant vessels, offshore vessels and specialised vessels. Aker Yards comprises 17 yards in seven countries (Brazil, Norway, France, Romania, Germany, Finland and Ukraine) with some 20,000 employees.
The Finnish shipyards of Aker Yard are located in Turku, Helsinki and Rauma.

Onninen provides comprehensive materials services to contractors, industry, public organisations and technical product retailers. We are a family-owned company and have operated in the industry since 1913. We have 2,984 employees in our Finnish, Swedish, Norwegian, Polish, Russian and Baltic operations. Our net sales for 2006 totalled EUR 1,45 billion