UK: AKD Inks Strategic Framework Agreement with Aker Subsea

AKD Engineering limited, the global engineering and fabrication services provider to announces its 3 year strategic framework agreement with Aker Subsea and its 2013 strategy update which details the company’s strategic highlights in the areas of markets, products, strategic resource alignment and financial management.

To boost growth and long-term development, the Company will push ahead with project engineering management and engineered fabrications that fully align with the setting up and fulfilment of strategic objectives so as to ensure the companies sustainable growth.

Domestic and Overseas Markets

This year, AKD Engineering continues to place a strong emphasis on its core business with a particular focus on engineered fabrications for subsea and further consolidate its leading market position in the subsea riser business. The Company will also forge strategic partnership with major process houses as a key business development strategy.

In the overseas market, thanks to the accelerated spending of investors, engineering technical services demand in the overseas market remains robust. The Company will adhere to the “follow-up” strategy and strengthen the position in existing markets, further increasing business volume in the African regions, making every effort to push ahead with the European market strategy, while starting cooperation with other national oil companies.

Achieve Fast Growth in Revenue and Stable Profitability

AKD will continue to develop new product services and explore new markets to achieve fast growth in revenue, and stable profitability through strengthened cost control and enhanced efficiency. AKD’s Sales Manager Denise Farr said, “In 2013, we will continue to strengthen our regular manufacturing capacity, including engineering design services; further enhance our in-house capacity and cost competitiveness through R&D and investment in resource alignment; focus on forging strategic alliances from the market development perspective; and stick to our Talents First strategy to accomplish successful execution of our pre-defined strategy.”

[mappress]
Press Release, February 15, 2013