For immediate release 11 December 2014
Keller Group plc
Contract Award in the Caspian Region
Keller Group plc ("Keller"), the international ground engineering specialist,
announces that it has signed a contract in connection with the supply and
installation of precast piles in the Caspian region.
The contract, which remains subject to final approval of the overall project by
the Board of the ultimate client, is for a total of US$177m (£113m). Pending
this approval, Keller has been issued a notice to proceed with the first phase
of the work for an amount of US$25m (£16m). Mobilisation will start immediately
and this initial work is scheduled to be completed in the first half of 2015.
Justin Atkinson, Keller Chief Executive, commented:
"I am delighted to announce Keller's first contract in the Caspian region.
Keller has proven its ability to succeed in very large piling contracts under
challenging working conditions and we are delighted to be able to build on this
experience."
For further information, please contact:
Keller Group plc
Justin Atkinson, Chief Executive 020 7616 7575
James Hind, Finance Director
RLM Finsbury
Gordon Simpson/Rowley Hudson 020 7251 3801
Notes to Editors:
Keller is the world's largest independent ground engineering specialist,
providing technically advanced and cost-effective foundation solutions to the
construction industry. With annual revenue of around £1.6bn, Keller has
approximately 9,000 staff world-wide.
Keller is the clear market leader in North America and Australia; it has prime
positions in most established European markets; and a strong profile in many
developing markets.
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