Kentz awarded US$35m contract in South Africa

 
kentz news article

Kentz awarded US$35m contract in South Africa - 22 February 2011

London, 22 February 2011 – Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz Engineering and Construction Group, is pleased to announce it has been awarded a US$35 million contract by the National Petroleum Refiners of South Africa (Natref) at the Natref Crude Refinery in Sasolburg, South Africa.

The Natref refinery is a joint venture between Sasol Mining (Pty) Ltd and Total South Africa (Pty) Ltd and is the only inland crude refinery in South Africa.  It was commissioned in 1971 and incorporated leading technology to process majority white products including diesel, petrol, jet fuel and liquefied petroleum gas from medium gravity crude oil.

Kentz’s contract is for the shutdown management and execution services at Natref, including planning, preparation and execution of all shutdowns and turnarounds over a five year period.

Dr Hugh O’Donnell, the chief executive of Kentz commented: “Congratulations to the team on the award of this prestigious services contract at one of region’s flagship refineries. This builds on the strong track record Kentz has developed over 18 years of successful delivery of asset enhancement services to our clients in Southern Africa. We very much look forward to building a lasting relationship with the Natref team.”

Ends

For further information please contact:

Kentz Corporation Limited

Tel: +44 (0)20 3159 4000

Elizabeth Rous

Catríona Nugent

Evolution Securities Limited (Nomad and Broker)

Tel: +44 (0)20 7071 4300

Rob Collins

Chris Sim

Tim Redfern

 

About Kentz

Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil and gas, petrochemical and mining and metals sectors. It is listed on the AIM market of the London Stock Exchange (symbol: KENZ).  In the year ending December 2009, the company generated revenues of $704.7 million and profit before tax of $44.5 million.

Kentz has over 10,500 employees in 27 countries. Its three main business lines are; specialist engineering, procurement and construction (EPC) services, construction, and technical support services. It has a proven track record of delivering mechanical, electrical, controls and instrumentation engineering, construction and management services in some of the most remote locations on earth.

 

Please find further information on the Kentz website www.kentz.com

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