Global Alumina Signs Memorandum of Understanding With Technip to
Serve as EPC Contractor
TORONTO, Feb. 21 /PRNewswire/ -- Global Alumina Products Corporation (Global
Alumina) (TSX: GPC.U), a company that proposes to produce alumina for sale to
the global aluminium industry, announced today that it has entered into a
memorandum of understanding with Technip (NYSE:TKP) based in Paris, France,
whereby Technip will act as the EPC (Engineering, Procurement, Construction)
contractor for Global Alumina's planned 2.8 million tonnes per year alumina
refinery to be located in the Republic of Guinea.
"With a workforce in excess of 19,000 and an annual turnover in excess of
US$6.5 billion, Technip ranks among the top five corporations in the world in
the field of petrochemical, chemical and industrial engineering, construction
and related services," said Bruce J. Wrobel, Chairman and Chief Executive
Officer of Global Alumina.
"Technip is currently implementing major industrial projects in Africa, most
notably Nigeria, Angola and South Africa and according to Engineering News
Record is the second largest contractor in Africa. This makes Technip ideally
suited to deliver to Global Alumina its refinery on time and on budget. We
welcome Technip to our expanding team of contractors, advisors and consultants
dedicated to the successful completion of this project," added Mr. Wrobel.
ABOUT GLOBAL ALUMINA Global Alumina Products Corporation (Global Alumina) is a company that intends
to use the vast bauxite resources of Guinea to produce alumina for sale to the
global aluminum industry. Global Alumina is positioned to be one of the
largest companies focused solely on alumina production and sales, and offers an
opportunity for socially responsible investing in a country that holds over
one-third of the world's bauxite resources. Global Alumina is headquartered in
Saint John, New Brunswick with operations in Boke, Guinea and has
administrative offices in New York, London, Montreal and Conakry, Guinea. For
further information visit our website at http://www.globalalumina.com/.
This press release includes certain "forward-looking statements". All
statements, other than statements of historical fact, included herein,
including without limitation statements regarding future plans, goals and
objectives of Global Alumina, are forward-looking statements that involve a
number of risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers are cautioned to not place undue reliance upon the forward-looking
statements included herein. For further information, please contact: DATASOURCE: Global Alumina Products Corporation CONTACT: Michael Cella of Global Alumina, +1-212-223-9419, ; or Joshua Orzech of GCI Group, +1-416-486-5923, , for Global Alumina Web site: http://www.globalalumina.com/
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