7 April, 2014
ROLLS-ROYCE INVESTS IN NEW MARINE FACILITY TO SUPPORT CONTINUED GROWTH OF BRAZIL'S OFFSHORE OIL AND GAS INDUSTRY
Official announcement was made by UK Chancellor George Osborne during an official visit to Rio de Janeiro
Rolls-Royce and UK Chancellor George Osborne announced today that the Group will further invest in Rio de Janeiro State to better support customers in the rapidly expanding offshore oil and gas industry. A new £22 million marine facility in Duque de Caxias will be used to assemble and test large thrusters and other propulsion equipment for use on semisubmersible rigs, drill ships, FPSOs and other highly complex offshore vessels.
Construction at the 27,000 sqm site will begin next month. Delivery of the first set of UUC 405 thrusters, for seven drill ships being built by Brazilian shipyard Estaleiro Atlântico Sul for Sete Brasil, will commence in June of 2015.
Chancellor of the Exchequer, George Osborne, said: "A central part of the government's long-term economic plan is to back British companies that are seeking to export more and help them secure success in emerging markets.
"I am very pleased to be able to announce the latest facility to be built by Rolls-Royce. It is an example of the success achieved by innovative British technology, drawn from years of experience in challenging environments such as the North Sea.
"We have been working closely with the Brazilian government to further strengthen our partnerships in the energy sector; this is a great example of that work paying off. We look forward to deepening our collaboration in this area."
Francisco Itzaina, CBE, Rolls-Royce Regional Director, South America, said: "Rolls-Royce has long been committed to the development of Brazil's energy sector. This latest facility enables us to more closely support our marine customers' investment and operational needs as they contribute to the development of Brazil's deepwater oil and gas exploration and production activities.
"Rolls-Royce welcomes any Government initiative that aims to promote exports, especially from high-skills manufacturing industries. UK export finance has an important contribution to make in backing business and any expansion of its role would be a significant move."
This is the second investment Rolls-Royce has made in the expansion of its marine capabilities in Brazil this year. In March, the Group opened a state-of-the-art £2 million customer training centre, in Niterói, Rio de Janeiro; the first of its kind in South America and only the fourth the company has opened globally. The training centre provides valuable hands on training and simulation, but in a controlled environment, for the highly skilled engineers and technicians working onboard the highly sophisticated offshore vessels and rigs in the country's deep water oil and gas fields.
About Rolls-Royce Holdings plc
1. Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.
2. Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Energy & Nuclear and Power Systems. Rolls-Royce currently has 50% ownership of Rolls-Royce Power Systems (RRPS), a collaboration with Daimler AG. RRPS was fully consolidated in the results of Rolls-Royce Holdings plc for the first time in 2013. On 7 March, 2014, Daimler announced their intention to exercise their put option to sell their 50% share in RRPS to Rolls-Royce Holdings plc.
3. Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,600 energy and nuclear customers.
4. Our business is focused on the 4Cs:
· Customer - placing the customer at the heart of our business
· Concentration - deciding where to grow and where not to
· Cost - continually looking to increase efficiency
· Cash - improving financial performance.
5. Annual underlying revenue was £15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £71.6 billion at 31 December 2013.
6. In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 29 University Technology Centres, which position Rolls-Royce engineers with the forefront of scientific research.
7. Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.
8. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices through our worldwide training programmes.
For further information, please contact:
Media:
Richard Wray
Director of External Communications
Rolls-Royce plc
Tel: +44 (0)7974 918416
[email protected]
Investors:
Simon Goodson
Director - Investor Relations
Tel: +44 (0)20 7227 9237
[email protected]
www.Rolls-Royce.com
