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Contract Award in the Caspian Region

11th Dec 2014 07:00

KELLER GROUP PLC - Contract Award in the Caspian Region

KELLER GROUP PLC - Contract Award in the Caspian Region

PR Newswire

London, December 10

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 andinstallation of precast piles in the Caspian region. The contract, which remains subject to final approval of the overall project bythe Board of the ultimate client, is for a total of US$177m (£113m). Pendingthis approval, Keller has been issued a notice to proceed with the first phaseof the work for an amount of US$25m (£16m). Mobilisation will start immediatelyand 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 underchallenging working conditions and we are delighted to be able to build on thisexperience." For further information, please contact: Keller Group plcJustin Atkinson, Chief Executive 020 7616 7575James Hind, Finance Director RLM FinsburyGordon 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 theconstruction industry. With annual revenue of around £1.6bn, Keller hasapproximately 9,000 staff world-wide. Keller is the clear market leader in North America and Australia; it has primepositions in most established European markets; and a strong profile in manydeveloping markets.

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