For immediate release Friday, 7 January 2005
Keller Group plc
Contract Awards
Keller Group plc ('Keller' or 'the Group'), the international ground
engineering specialist, announces five prestigious contract wins in North
America in the last quarter of 2004.
Goldman Sachs HQ and Trump International Hotel and Tower
Case has been awarded the foundation contracts for two landmark building
projects in New York and Chicago. The $12.6m (£6.7m) contract to install
caisson foundations for the new Goldman Sachs headquarters building in Lower
Manhattan is scheduled to begin in February and to be completed in six months.
In Chicago, Case will provide foundations and excavation support for the new
Trump International Hotel and Tower. This 92-storey skyscraper will take its
place on the Chicago skyline beside many other landmarks, such as the Sears
Tower and the John Hancock Building which are also founded on caissons built by
Case. The $17.2m (£9.1m) Trump contract is expected to be completed by autumn
2005.
Tunnel-related projects in Los Angeles
Hayward Baker has won two significant tunnel-related projects in Los Angeles,
where the company has a solid track record of performance on similar projects.
The $10.2m (£5.4m) Lower North Outfall Sewer Rehabilitation contract is for the
provision of specialty grouting services to stabilise the soil above an
existing sewer tunnel for the City of Los Angeles. The project is expected to
begin in the second quarter of 2005 and to be completed in mid-2006. Hayward
Baker will provide similar services for twin underground tunnels under
construction for the Los Angeles County Metropolitan Transportation Authority.
This $9.4m (£5m) contract has just begun and should be completed by the end of
2005. Both contracts are similar to the many underground tunnel stabilisation
projects performed by Hayward Baker throughout North America.
Florida project uses LCM technology for first time in USA
Hayward Baker was also recently awarded an $11.6m (£6.2m) contract for soil
stabilisation by the Florida Department of Transportation. This project is
Keller's first application in the US of the dry soil mixing technology acquired
by the Group through the acquisition of LCM in Sweden. The technology will be
used to stabilise extremely soft and wet soils next to the existing US Route 1
in South Florida. The stabilised soil will serve as a foundation for a roadway
embankment, so allowing the only road serving the Florida Keys to be widened
from two to four lanes. Work is expected to begin in the second quarter of 2005
and to be completed by the year end.
Justin Atkinson, Keller's Chief Executive, commenting on the contract wins
said:
'The last quarter of 2004 saw a robust order intake for the Group. In
particular, these five contract awards, with a total value of around $61m (£
32.4m) mean that our US business enters the New Year with a record order book,
while the current order book for the Group as a whole now represents over four
months' sales.'
For further information, please contact:
Keller Group plc
Justin Atkinson, Chief Executive 020 8341 6424
James Hind, Finance Director
Smithfield 020 7360 4900
Reg Hoare (07831 406 117)
Rupert Trefgarne
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.