News Archive

PRESS RELEASE

Clean Globe International (CGI), member of the Lamor Group, expands it operations in Russia by acquiring a 26% share of Ecoshelf Ltd. Ecoshelf Ltd is a 10 year old environmental service company operating on Sakhalin Island in Russia. They specialize in oil spill response, waste management and other environmental protection services. Ecoshelf Ltd. annual turnover is approximately 20M EUR and employs in excess of 200 persons. The company's main customers are Russian and international Energy Companies.

- We are proceeding in Russia according to the business plan. Through EBRD (European Bank for Reconstruction and Development), Finnfund and NEFCO financing we are able to grow the company on a fast pace by investing in oil spill response and waste management in a way that supports the company's ability to form wider strategically valuable service agreements together with its customers. Lamor Group's Clean Globe International supports the local company and its client base through its global expertise network, said Lamor Group's Chairman Bent Larsen.

- In our 10 year existence, Ecoshelf Ltd. has grown steadily. With a strong partner like Clean Globe International, we can now provide the best solutions for our customers on the Island. The first investments in new equipment has been agreed and we have a plan to invest more than 50M € in new technologies during the next three to five years, using the financial strength that Clean Globe brings as a shareholder, says Ecoshelf Senior Project Manager, William Stillings.

The acquisition is financed by the European Bank for Reconstruction and Development (EBRD), the Finnish Fund for Industrial Cooperation Ltd, Finnfund and Nordic Environment Finance Corporation, NEFCO.

For additional information, please contact:

Rasmus Guldbrand, CEO, Clean Globe International,
tel. +358 20 7650 100

William Stillings, Ecoshelf Ltd. - Sakhalin,
tel. +7-914-755-1868

Clean Globe International Ltd (CGI)

Clean Globe International (CGI) is an independent company providing environmental services. CGI helps its clients in preventing accidents, in responding to oil or chemical spills, in arranging port and hazardous waste management and in land remediation projects as well as in environmental auditing. CGI's Clean Globe Center concept is a cost-efficient way to outsource environmental services. Each Clean Globe Center provides its geographical region with an equipment stockpile and offers an efficient way to respond to oil spills and arranging port and hazardous waste management. For more info, please visit: http://www.cleanglobe.eu

Ecoshelf Ltd. - Sakhalin

Ecoshelf is a Limited Liability Company founded in 1997 in Yuzhno-Sakhalinsk, Russia. Ecoshelf is the first specialized company in the Russian Far East to conduct oil spill response operations. The company has a wide variety of state-of-the-art oil spill response equipment providing high-quality oil spill response services both offshore and onshore. Ecoshelf provides a full spectrum of services to support oil field development on the Sakhalin Shelf and E & P operations in Vietnam. These services include for example; offshore and onshore oil spill response and prevention, protection of highly sensitive areas, cleaning of oiled offshore and onshore areas to restore environmental balance, training of personnel, writing oil spill response plans, waste handling of hazardous industrial waste and a 24 hour oil spill emergency response coverage. For more info, please visit: http://www.ecoshelf.net

Lamor starts to prevent the spreading of aquatic nuisance species

LAMOR ACQUIRED BALLAST WATER TREATMENT MANUFACTURER HYDE MARINE, INC

Lamor Group, a world leader in oil spill response and environmental technologies with headquarters in Vantaa, Finland, expanded its business operations to new fields of environmental technology by acquiring full ownership of American ballast water treatment manufacturer Hyde Marine, Inc., based in Cleveland Ohio, USA. The acquisition is part of Lamor's growth strategy.

-Through ownership of Hyde Marine we significantly increase our focus and ability to grow on the global environmental technology market. Hyde Marine is a leader in developing ballast water technologies, and this acquisition gives us an excellent opportunity to expand our environmental technology range, said Rasmus Guldbrand, CEO of Lamor Group.

- We are most pleased to join Lamor, a strong global leader in the oil spill response market. This merger will greatly enhance Hyde's ability to serve the ballast water treatment market worldwide, explained Tom Mackey, CEO of Hyde Marine, Inc.

Hyde's Ballast Treatment Systems Controlling Aquatic Nuisance Species

It is estimated that about 10 billion tonnes of ballast water are transferred globally each year, potentially transferring from one location to another marine species that may prove ecologically harmful when released into a non-native environment. The International Maritime Organization's (IMO) Ballast Water Management Convention will soon require that all existing or newly built ships have IMO type approved Ballast Water Treatment Systems installed. About 75 000 ships over the next 10 years will need Ballast Water Treatment systems, making it a multi billion dollar market globally.

- Hyde Marine's Hyde GuardianT Ballast Treatment System protects the maritime environment and efficiently reduces the impact of aquatic nuisance species in new ecosystems, Guldbrand told.

- The territorial conquest of the latest invasive species in the Baltic Sea, the American comb jelly (Mnemiopsis leidyi) could have been prevented if IMO's global legislation for ballast treatment would have been in force and our ballast treatment system in use, added Guldbrand.

Hyde Marine has invested significant resources in the development of ballast water technologies designed to enhance the protection of the marine environment. The system is currently undergoing IMO type approval through the UK Maritime & Coastguard Agency (MCA) in cooperation with Lloyds Register.

The type approval process for Hyde Marine's Hyde GuardianT Ballast Treatment System will be coordinated together with the VTT Technical Research Centre of Finland. VTT is an impartial expert organisation providing research, development, testing and information services to the public sector and to companies.

For further information, please contact:

Rasmus Guldbrand, CEO, Lamor Group
E-mail: rasmus.guldbrand@lamor.com
or phone: +358 20 7650 100

Tom Mackey, CEO, Hyde Marine, Inc.
E-mail: tmackey@hydemarine.com
or phone: +1 440 871-8000, ext 112

 

Lamor Group

The Lamor group of companies is a world leader in oil spill response and environmental technologies. With 25 years of experience, Lamor specializes in comprehensive solutions developed for a specific problem using efficient environmental technologies. The company has a global sales office network and production facilities are located in Finland, the U.S. and Asia. Last year's turnover was 33 million euros. Additional information is available at: http://www.lamor.com

Hyde Marine, Inc

Hyde Marine, Inc. traces its origins back to the Hyde Windlass Company, established in Bath, Maine in 1865. Hyde is today a leading U.S supplier of a wide variety of marine machinery and systems, with a focus on technologies for solving shipboard environmental needs. Current projects include technologies targeting ballast water, bilge water, cargo residues, processed sewage and gray water. Hyde has also developed technologies for shipboard security solutions including non-lethal, forceful deterrent systems using remotely controlled water cannons. Hyde Marine and Lamor LLC, manufacture and market oil spill response equipment in the Americas. Additional information is available at http://www.hydemarine.com

Hyde GuardianT Ballast Water Treatment System - protecting marine environments

Pressrelease; Dubai, UAE - Lamor Swire Environmental Solutions (LSES), a 50:50 Joint Venture between Lamor Group Ltd (Lamor) and Swire Pacific Offshore Limited (SPO), prepares for the Grand Opening of a Gulf Region Oil Spill Response Centre. The opening will take place October 15th, 2008, in Dubai, UAE. The Depot, located in the Jebel Ali Trade Free Zone, is offering brand new "state of the art" oil spill response equipment packages for regular rental and emergency service.

LSES provides the oil & gas sector with cost effective and contemporary solutions to oil spill preparedness and response. Starting right now you can rent a readily available oil spill response package that can be delivered to your required address on the next available cargo charter flight. LSES is establishing strategically located Regional emergency response Depots capable of offering guaranteed, safe, rapid and overlapping access to oil spill protection and combat resources across all three Tiers and both Industry and Government sectors.

The LSES Gulf Region Oil Spill Response centre opens in Dubai this September and serves as a one-stop shop for practical marine spill solutions including training, exercises, equipment and tiered response. It is supported by a proven logistics network and dedicated personnel deployed and trained to combat spills of regional, national and international significance.

By the end of September 2008 the entire stockpile will be ready and primed for regular rental services and for emergency use. The stockpile is the largest, most diverse and modern, compared to any other centralised resource in the Region. For the sake of user ease and maximum efficiency the stockpile has been segmented into 42 stand-alone packages, each of which would satisfy a Tier 1 requirement and if used together could combat either a Tier 2 or even a Tier 3 response.

To ensure that the excellent quality of the equipment is maintained all of the equipment assets have been entered into a state of the art warehouse database management system, which tracks the equipment location by bar code. The system also prompts the planned maintenance checks required. During the first two weeks of September, the equipment is undergoing a rigorous independent commissioning check.

Opening Including Spill Response Seminar and Interactive Demonstrations

Senior Industry & Government executives from across the Gulf Region and beyond have been invited to witness first hand the scope and scale of the new service. The program includes a dinner reception, a half day seminar on marine spill response, ceremonial grand opening and interactive demonstrations of the offshore, near-shore, shore-protection, shore clean-up, ports and marina packages.

For more information, please contact:
James Thornborough, Vice President, LSES
Tel: +971 50 873 5740 (mobile)
Email: james.thornborough@lamorswire.com

Lamor Swire Environmental Solutions (Pte) Limited (LSES)

Lamor Swire Environmental Solutions (Pte) Limited (LSES) is a joint venture company between Lamor Group Ltd and Swire Pacific Offshore Operations (Pte) Limited. LSES synergizes the core skill sets of Lamor, a world class leader in oil spill response equipment, and Swire Pacific Offshore (SPO), a global leader in the ownership and management of offshore supply vessels. This union of two innovative industry leaders has created a global enterprise that will provide the most complete, modern and cost effective access to turn-key oil spill preparation and response services available in the world today.
Please visit: www.lamorswire.com

 

Lamor Group is sad to announce the sudden death of its Chairman, Mr. Bent Larsen, who died following a sudden attack during his vacation in Sicily in the early hours of Monday 6th October 2008, aged 51 years.

For many years, Bent Larsen served as President and CEO of Lamor Group, transferring about a year ago from the operational management of the Group to serve as full-time Chairman of the Board.

On Tuesday, Lamor Group organized an information meeting to the personnel in different locations and held a silent memorial service in his memory.  Today, all Lamor offices across the world have the flag at half-mast.

Bent Larsen is survived by his wife, four children, one grandchild, mother, brother and sisters, friends and colleagues around the world.  He will be sadly missed.

For further information, please contact:             
Rasmus Guldbrand, CEO, Lamor Group, phone +358 40 723 7812

PRESSRELEASE
Lamor strengthens its global market position: Lamor Group Acquires Slickbar

Lamor Group, the world's premier supplier of oil spill response equipment and services, has acquired US based oil spill response company Slickbar. Slickbar will continue to operate as an independent brand and the management remains the same in both organizations. The acquisition strengthens Lamor Group's position globally and will generate synergies with the existing activities, thus enabling both companies to improve their service excellence.

Since 1960, Slickbar Products Corporation, based in Seymour, Connecticut, U.S.A., has evolved from an oil boom manufacturer to one of the leading suppliers of oil spill containment and recovery equipment. The company employs 150 people worldwide and has a turnover of over 10Million EUR.

"The acquisition allows us to widen and expand our technology base and serve our growing customer network even better," says CEO of Lamor Group, Mr. Rasmus Guldbrand. "Slickbar has successfully grown by providing outstanding service to their customers, which is perfectly aligned with our focus at Lamor. We welcome the opportunity to continue that job and look forward to bringing in added value by Lamor's industry-leading solutions."

Commenting on the agreement, Mr. Jari Ahoranta, Executive Vice President, Sales, Lamor Group, said: "Slickbar is a very well recognized and respected brand in the oil spill response industry. By using the synergies that Lamor Group Ltd. can offer, for example our production strategy, we believe that Slickbar can contribute with a very positive growth effect to the whole Lamor Group Ltd. We have very high expectations on the future development of Slickbar."
Stephen Reilly, CEO of Slickbar said: "The friendship between Slickbar and Lamor has been longstanding for many years, and the synergy between the two companies is very strong. We both offer each other new opportunities and an additional product line for continuous strong growth around the world."

For more information, please contact:

Rasmus Guldbrand, CEO, Lamor Group, tel. +358 40 723 7812 (mobile), email: rasmus.guldbrand@lamor.com

Stephen J. Reilly, CEO, Slickbar Products Corp., mobile: +1-203-376-5306
email: steve@slickbar.com

About Lamor Group

Lamor is the world leader in delivering oil spill response equipment and also specializes in environmental technologies. With customers in over 60 countries, the know-how is based on patented technologies and fast, customer focused operations, through which the company has been able to increase its operations into new fields. Lamor Group, headquartered in Finland, has a global sales network and production facilities which are located in Finland, the US, and in Asia. The estimated 18month turnover for the financial period ending in December 2008 is 55Meur. The company employs around 100 persons and the global production network an additional 200 persons.

http://www.lamor.com

About Slickbar

Since 1960, Slickbar Products Corporation, based in Seymour, Connecticut, U.S.A., has evolved from the original oil boom manufacturer to a leading oil spill containment and recovery supplier. Over the years, Slickbar has established a global reputation for providing quality oil spill response products, along with superior technical assistance and customer service support.
Dedicated to preserving the eco-systems of our oceans, rivers, lakes and streams, Slickbar is continually researching and developing the latest technology for faster, more efficient oil cleanup systems. Currently, Slickbar hold patents on several types of oil spill clean up and oil spill containment products like oil booms, connectors, and recovery devices.
http://www.slickbar.com