Falck Nutec Sets Up Shop in Vietnam

Global provider of health, safety and rescue training services, Falck Nutec, have expanded into Vietnam. In co-operation with local partners -- Mermaid Maritime Vietnam and Alternative Company -- Falck Nutec is opening a brand new training center in Vung Tau, the rapidly expanding petroleum hub of Vietnam.

"We are excited to get the opportunity to serve the oil and gas opera-tors in Vietnam with internationally recognized and high quality safety and rescue training in close cooperation with our local partners. With this development those engaged in the industry will no longer have to look outside the country for the critical and specialized safety training that is needed for the expanding sector," said Wan Shukry, Regional Managing Director of Falck Nutec's Far East Asian activities.

The new training center will become the first training provider in Vietnam to be certified by OPITO, the widely recognized training standards and competence organization.

The center will be located next to the premises of Mermaid Maritime Vietnam and will offer a range of products and services to the offshore, marine and aviation industries.

"Our joint venture with Falck Nutec is a continuation of Mermaid's four-year program which focuses on developing a leading comprehensive safety and service center in Vung Tau. There is an excellent synergy between our companies' activities and we look forward to an exciting future together," said Mr. Joergen Lundbaek, Managing Direc-tor of Mermaid Maritime Vietnam.

The new training center is expected to open in April 2009 and will be able to immediately cater for up to 5000 students annually.

Mr. Ngo Xuan Binh, Managing Director of Alternative Company, was impressed by what he saw during a recent trip to the well-equipped training center of Falck Nutec in Esbjerg, Denmark.

"The training activities in Esbjerg are concentrated on training the staff on all levels in order to avoid accidents in the workplace. After witnessing this I strongly believe that this kind of training, when offered in Vietnam, will help Vietnamese enterprises upgrade their workplace safety conditions to inter-national standards and thereby provide a robust support to our local oil and gas industry in its further expansion into international markets," said Mr. Ngo Xuan Binh.

The shareholders of the training center will be Falck Nutec (80%), Mermaid Maritime Vietnam (15%) and Alternative Company (5%).