Cape plc Cape awarded work packages in KSA (3011U)
January 17 2017 - 2:00AM
UK Regulatory
TIDMCIU
RNS Number : 3011U
Cape plc
17 January 2017
News Release
17 January 2017
Cape awarded insulation work packages for Jazan Project in the
Kingdom of Saudi Arabia
Cape plc (CIU.LN), an international leader in the provision of
critical industrial services to the energy and natural resources
sectors, is pleased to announce Cape RB Hilton has been awarded
three substantial insulation work packages from Nasser S. Al Hajri
Corporation (NSH) for the Jazan project in the Kingdom of Saudi
Arabia (KSA). Work will commence in early 2017 with completion
anticipated in 2018.
Saudi Aramco's Jazan Refinery and Terminal is being constructed
on the southern coast of the Red Sea. The refinery will process
400,000 barrels per day of Arabian Heavy and Arabian Medium
crudes.
Established in 1978, NSH is the leading industrial contractor
within KSA having in excess of 100,000 employees operating globally
in its group.
Commenting on the award, Steve Connolly, Regional MD for Cape in
the Middle East, said: "We are delighted with the award of these
prestigious and strategically important insulation work packages
with NSH which further cement our growing presence in the Jazan
region. We look forward to continuing our long and successful
relationship with NSH and the safe and successful delivery of this
project for all involved."
About Cape:
Cape (www.capeplc.com), which is premium listed on the main
market of the London Stock Exchange, is an international leader in
the provision of critical industrial services principally to the
energy and natural resources sectors. Our multi-disciplinary
service offering includes access systems, insulation, specialist
coatings, passive fire protection, refractory linings, mechanical
services, environmental services, oil and gas storage tanks and
heat exchanger replacement and refurbishment. Cape employs c.16,400
people working across 19 countries and in 2015 reported adjusted
revenue of GBP711.4 million.
- End -
Enquiries
Cape plc
Joe Oatley, Chief Executive +44 (0) 1895 459 979
Michael Speakman, Chief Financial Officer +44 (0) 1895 459 979
Ian Wood, Head of Investor Relations +44 (0) 1895 459 979
Buchanan
Bobby Morse, Ben Romney, Chris Judd +44 (0) 207 466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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