Kentz awarded US$32.7m contract by Ma’aden Alcoa Aluminium Joint Venture - 11 November 2011
London, 11 November 2011 - Kentz Corporation Limited, the holding company of the Kentz Engineering and Construction Group through its operating unit Saudi Arabian Kentz Co Ltd, is pleased to announce the award of a contract for the reduction area electrical and instrumentation on the Ma’aden Alcoa Aluminium Joint Venture.
The contract is worth in the order of US$32.7 million and was awarded to Kentz by Ma'aden Alcoa Aluminium Joint Venture.
Kentz's scope includes the installation of 30 kilometres of power cable, low voltage and control cables, lighting fixtures, small power distribution system, instrument field devices and control equipment. The work also includes pre-commissioning testing through to mechanical completion, procurement of electrical and instrumentation equipment and bulk materials.
The contract will commence immediately and is scheduled to be complete in November 2013. It is anticipated to be in the order of 500,000 direct man-hours.
Kentz has been operating in Saudi Arabia since the late 1970s, executing projects in the oil and gas, petrochemical, mining and industrial sectors.
Hugh O'Donnell, chief executive of Kentz Group commented: "We are delighted to have been awarded this contract by Ma'aden Alcoa Aluminium Joint Venture, which builds on Kentz's core strength in electrical and instrumentation construction. Kentz has worked in the Middle East for over 35 years and we take great pride in continuing to deliver safe and successful projects for leading resource clients."
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For further information please contact:
Kentz Corporation Limited
Tel: +44 (0)20 3159 4003
Elizabeth Rous
Catríona Nugent
Evolution Securities Limited
Tel: +44 (0)20 7071 4300
Chris Sim
Neil Elliot
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 London Stock Exchange (symbol: KENZ). In the year ending December 2010, the company generated revenues of $1.06 billion and profit before tax of $67.5 million.
Kentz has over 11,500 employees in 28 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