REG-Kentz Corp Ltd Re Contract
Released: 06/03/2008


RNS Number:5535P 
Kentz Corporation Ltd 
06 March 2008 
 
 
                           Kentz Corporation Limited 
 
                                 Contract Award 
 
 
London, 6 March 2008: Kentz Corporation Limited (the "Company"), the holding 
company of the Kentz engineering and construction group, is pleased to announce 
the award of a contract for the provision of support services with Fluor 
Corporation ("Fluor") in Kuwait. 
 
The Company, which has provided support services to Fluor in Kuwait for the past 
four years, is pleased to announce the renewal of this support services 
agreement, following a recent Project Management Consultancy ("PMC") services 
contract being awarded to Fluor. The Company expect this contract to result in 
revenues of approximately US$90m to Kentz over the next five years. 
 
Hugh O'Donnell, CEO of Kentz, said "This agreement further ratifies the close 
working relationship between Fluor and Kentz which has been in existence for 
over thirty years in the Middle East." 
 
Evolution Securities Limited (Nomad)                    Tel: +44 (0)20 7071 4300 
Rob Collins                                              
Tim Redfern 
Lloyd Thomas 
 
Powerscourt (Financial PR advisors)                     Tel: +44 (0)20 7250 1446 
Rory Godson 
Sarah Daly 
Elizabeth Rous 
 
 
About Kentz 
 
   -Kentz is a successful engineering contractor, which serves clients 
    primarily in the oil and gas, petrochemical and mining and metals sectors. 
    The Company's principal activities are the provision of mechanical, 
    electrical, controls and instrumentation engineering, construction and 
    management services 
 
   -Kentz offers services to global customers; its geographical presence aims 
    to reflect the demand of those clients. Kentz currently has activities in 
    Saudi Arabia, Kuwait, Qatar, UAE, South Africa, Mozambique, Zambia, 
    Madagascar, Russia, Azerbaijan, Kazakhstan, Malaysia, Indonesia, USA, 
    Canada, the Caribbean, Australia, Norway and Ireland. Kentz operates in some 
    of the most remote locations on earth 
 
   -The Group's turnover is derived from blue chip end user clients and also 
    from engineering, procurement and construction (EPC) contractors. The 
    Group's end user clients include Shell, ExxonMobil, Chevron, Marathon, HESS 
    and Sasol in the oil and gas sector, SIPChem, Linde and Krupp Uhde in the 
    petrochemicals sector and One Steel, Mittal Steel and Anglo Coal in the 
    mining and metals sector. The Group's EPC contractor clients include Fluor, 
    Bechtel, JGC, Foster Wheeler and Technicas Reunidas. 
 
   -Kentz has a proven health and safety record 
 
   -Kentz has an experienced senior management team and has the ability to 
    source an experienced and technically skilled workforce. The average length 
    of service of the top 100 core management is over 18 years. Kentz currently 
    employs over 7,000 people on a full time basis 
 
   -In the year ending December 2006, the company generated revenues of $370 
    million and profit before tax of $25 million 
 
   -Kentz can trace its origins to 1919 through the activities of various M F 
    Kent entities. The Company is incorporated in Jersey and is owned by two of 
    its senior managers and a group of Malaysian investors 
 
 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
 
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