Editorial: A farewell to arms
The restructuring of Kvaerner has been going on for more than one year. The sale of the entire Kvaerner Construction division, with its subsidiaries and associated companies, was announced recently. Many of these companies once belonged to the UK's Trafalgar House, which Kvaerner bought in the mid-1990s.
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The restructuring of Kvaerner has been going on for more than one year. The sale of the entire Kvaerner Construction division, with its subsidiaries and associated companies, was announced recently. Many of these companies once belonged to the UK's Trafalgar House, which Kvaerner bought in the mid-1990s.
This means that Kvaerner is saying goodbye to the South African industrial conglomerate Cementation Africa, and thus also to the annoying little arms producer Techno Arms, which we have mentioned in NorWatch newsletters a couple of times before.
It remains to be seen what Sweden's Skanska, the buyer of Kvaerner Construction, wants to do with a factory for the production of automatic shotguns and machine guns with built-in silencers. While we are happy to see Kvaerner saying a farewell to arms this time, we would prefer to see all of Techno Arms shut down.
Norwatch Newsletter 9/00