com:20080819:RnsS5932B
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RNS Number : 5932B  
  
Kentz Corporation Ltd  
  
19 August 2008  
  
Kentz Canada and PCL sign JV agreement  
  
19th August 2008, Calgary Canada - Kentz Canada, the Canadian operations arm of 
engineering and construction company Kentz Group, is pleased to announce the 
signing of a joint venture agreement with PCL Industrial Management Inc. to 
pursue a major oil sands project in Fort McMurray, Alberta.  
  
Kentz' role includes the delivery of electrical, instrumentation, automation and 
telecommunications scopes of works as well as the provision of support in 
foreign management and labour from its international sources of operation. PCL 
is the largest construction contractor in Canada and the seventh largest in 
North America. PCL is a general contractor with considerable self perform 
capabilities in all key disciplines and is headquartered in Edmonton, Alberta.  
  
Dr Hugh O'Donnell, the Chief Executive of Kentz Group, said: "We are delighted 
to be working with PCL on the development of prestigious projects in Alberta and 
we look forward to bringing together the strengths Kentz and PCL to deliver the 
highest quality solution driven service."  
  
Peter Stalenhoef, President and COO of PCL's industrial companies added that 
"PCL Industrial Management Inc. looks forward to undertaking this exciting 
project with Kentz. The combined systems and resources of both PCL and Kentz 
provide a strong team for the execution of this work".  
  
Ends  
  
Evolution Securities Limited (Nomad)      Tel: +44 (0)20 7071 4300  
  
Rob Collins  
  
Tim Redfern  
  
Powerscourt (Financial PR advisors)     Tel: +44 (0)20 7250 1446  
  
Elizabeth Rous  
  
Rob Greening   
  
  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 
8,000 people on a full time basis  
 * In the year ending December 2007, the company generated revenues of $545 
million and profit before tax of $34 million  
  
About PCL  
  
 
 * The PCL family of companies is a group of independent construction companies 
working out of major offices in 29 locations across Canada, United States and 
the Bahamas. These companies form the largest general contracting organization 
in Canada and the eighth largest in the United States, with an annual 
construction volume of more than $5 billion.  
 * We build in three main sectors: buildings, infrastructure and heavy 
industrial. 
 * The PCL family is made up of more than 3,000 full-time professional and 
administrative salaried staff, and upwards of 8,000 hourly trades people. Since 
our organization is 100% employee-owned by the majority of our salaried 
employees, the people who own the PCL family of companies are, in large measure, 
the people who lead the work.   
 * We believe in the art of bringing superior value to the construction process 
- for all clients - from project start to project finish. Some examples 
include:  
  
                 -    robust and versatile construction software including 
proprietary estimating and project 
                      management systems, industry-standard scheduling, and 3D 
and 4D modeling.   
  
                 -   a comprehensive construction database to reference that 
contains cost information, 
                     schedules, personnel expertise, constructability analyses 
and methodologies for more than  
                     13,500 projects.;  
  
                -    financial strength and stability that allows us to 
collectively carry a backlog of work in the 
                     magnitude of $6 billion.   
  
 
 * We are construction leaders: we aspire to be your builders of choice.  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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