Scana Steel Björneborg AB signs contract with Wärtsilä Propulsion.

Scana Steel Björneborg and Wärtsilä Propulsion have signed a one year contract for supplies of propeller shafting during 2010. The value of the contract is in the range of 25-50 MSEK. The agreement covers the supply of propeller shafts and intermediate shafts for different types of vessels.

Scana and Wärtsilä are strengthening the connection and cooperation between the companies with this contract. Scana Steel Björneborg has a long history as a supplier to Wärtsilä, who requires high quality shafts for their product application. By this contract Scana will be an important forging supplier for Wärtsilä. Therefore Scana sees this long term cooperation and the new contract as a recognition that Scana Steel Björneborg is a world class steel supplier.

Scana Steel Björneborg AB is a company with more than 350 years experience of steel manufacturing. The company refines steel in an integrated chain, from raw materials to finished machined products, ready to perform. The specialized high quality forgings are represented within five different business areas: Marine, Machine, Energy, Steel and Oil & Gas.

Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 18,000 professionals manning 160 Wärtsilä locations in 70 countries around the world. Wärtsilä is listed on The Nordic Exchange in Helsinki, Finland.

Contact Persons:
Ingvar Winbo, Managing Director, Scana Steel Björneborg AB, tel. +46 70 509 75 20
Rolf Roverud, CEO, Scana Industrier ASA, tel. +47 911 67 581
Christian Rugland, CFO, Scana Industrier ASA, tel. +47 952 952 55

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