Cape plc Cape announces two new contract wins
January 31 2014 - 2:01AM
RNS Non-Regulatory
TIDMCIU
Cape plc
31 January 2014
Website Announcement
31(st) January 2014
Cape announces two new contract wins
Cape plc is pleased to announce the award of two new contracts
for Cape's subsidiary RB Hilton Saudi Arabia Co.
The first with Hyundai Engineering & Construction Co. Ltd.
is to supply and install scaffolding, painting and insulation works
on the MBAC Alumina Refinery Project, Ras Al Khair, Kingdom of
Saudi Arabia. This contract runs for six months to May 2014.
Hyundai Engineering and Construction Co., Ltd. (HDEC) is a major
construction company from South Korea and leading EPC contractor in
Saudi Arabia.
The second contract is with GS Construction Arabia Ltd. (GSCA)
at the Rabigh II Project, Interconnecting PKG (UO1), Saudi Arabia.
This project will run until February 2015 and includes scaffolding,
painting, insulation and fireproofing works.
GS Construction Arabia Ltd. (GSCA) is the local registered
subsidiary of GS Engineering & Construction Corp., a
Korea-based company mainly engaged in the construction and civil
engineering businesses.
In aggregate these contracts are valued at approximately
GBP20m.
Tim Callahan, Divisional Managing Director - MENA commented:
"We are delighted to secure both of these contract wins, which
strengthen our offering in the Middle East.
Cape enjoys a productive working relationship with Hyundai
Engineering and Construction Co., Ltd. (HDEC) in Saudi Arabia. The
award of this contract on the MBAC Alumina Refinery Project will
enable us to continue and deepen that relationship.
The Rabigh II project represents an important award for the
provision of a number of Cape's core services in Saudi Arabia. We
appreciate GS Construction Arabia Ltd.'s confidence in our project
experience and delivery capability, demonstrated by awarding us
this significant package on the project."
About Cape
Cape plc (www.capeplc.com), which is listed on the main market
of the London Stock Exchange, provides a range of essential
industrial services including access systems, insulation,
refractory linings, painting, coating, blasting, industrial
cleaning, training and assessment to industrial plant operators and
major international engineering and construction companies.
As a single source provider, Cape is able to provide a range of
specialist multi-disciplinary services specifically tailored to
meet the needs of the client providing the most intelligent and
cost efficient solutions for clients' in-plant maintenance and
capital needs.
In the year ended 31 December 2012, Cape reported adjusted
revenues of GBP745.7 million. With scale and leading market
positions across its international footprint, Cape employs over
21,000 people around the world.
For further information about Cape, please visit our website
www.capeplc.com
For more information contact:
Sarah Howson, PA to Chief Executive - Joe Oatley, Cape plc
sarah.howson@capeplc.com
+44 (0)1895 431 705
Bobby Morse, Ben Romney & Louise Mason, Buchanan
+44 (0)20 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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