7th Jan 2005 07:00
For immediate release Friday, 7 January 2005 Keller Group plc Contract Awards Keller Group plc ("Keller" or "the Group"), the international groundengineering specialist, announces five prestigious contract wins in NorthAmerica in the last quarter of 2004.Goldman Sachs HQ and Trump International Hotel and TowerCase has been awarded the foundation contracts for two landmark buildingprojects in New York and Chicago. The $12.6m (‚£6.7m) contract to installcaisson foundations for the new Goldman Sachs headquarters building in LowerManhattan is scheduled to begin in February and to be completed in six months.In Chicago, Case will provide foundations and excavation support for the newTrump International Hotel and Tower. This 92-storey skyscraper will take itsplace on the Chicago skyline beside many other landmarks, such as the SearsTower and the John Hancock Building which are also founded on caissons built byCase. The $17.2m (‚£9.1m) Trump contract is expected to be completed by autumn2005.Tunnel-related projects in Los AngelesHayward 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 theprovision of specialty grouting services to stabilise the soil above anexisting sewer tunnel for the City of Los Angeles. The project is expected tobegin in the second quarter of 2005 and to be completed in mid-2006. HaywardBaker will provide similar services for twin underground tunnels underconstruction for the Los Angeles County Metropolitan Transportation Authority.This $9.4m (‚£5m) contract has just begun and should be completed by the end of2005. Both contracts are similar to the many underground tunnel stabilisationprojects performed by Hayward Baker throughout North America.Florida project uses LCM technology for first time in USAHayward Baker was also recently awarded an $11.6m (‚£6.2m) contract for soilstabilisation by the Florida Department of Transportation. This project isKeller's first application in the US of the dry soil mixing technology acquiredby the Group through the acquisition of LCM in Sweden. The technology will beused to stabilise extremely soft and wet soils next to the existing US Route 1in South Florida. The stabilised soil will serve as a foundation for a roadwayembankment, so allowing the only road serving the Florida Keys to be widenedfrom two to four lanes. Work is expected to begin in the second quarter of 2005and to be completed by the year end.Justin Atkinson, Keller's Chief Executive, commenting on the contract winssaid:"The last quarter of 2004 saw a robust order intake for the Group. Inparticular, 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 fourmonths' 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 ENDRelated Shares:
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