12th Dec 2008 09:01
12th December 2008
LONRHO PLC
("Lonrho" or the "Company")
e-Kwikbuild wins export orders for Angola
Lonrho (AIM: LONR) the conglomerate with a structured portfolio of African investments is pleased to announce that e-Kwikbuild, its 55.6% owned subsidiary, has been awarded two contracts in Angola for its prefabricated buildings.
Subsequent to the opening of its new production facility at Port Elizabeth, South Africa, in November 2008, the company announced that it would now have production capacity to further develop its export market.
e-Kwikbuild is pleased to announce that it has been awarded a contract with Kimbo Limbombewa, a local NGO, for the development of a new facility, including a school, training rooms and accommodation for young orphans. The project is funded by the Fund of Social Responsibility (Block 14), which is jointly managed by Chevron and Sonangol. The first stage of the contract is for US$ 1.5 million and is to be built in Viana, close to Luanda. The total project value with further phases is for US$ 4.5 million.
e-Kwikbuild is also pleased to announce that it has been awarded a contract by Sul Engineeria, Angola, for the supply of an office and residential buildings to be constructed on the outskirts of Luanda. The development has a value of US$ 500,000.
David Lenigas, Lonrho's Executive Chairman commented:
"I am delighted that e-Kwikbuild has been able to secure these export contracts for Angola. The opportunities for e-Kwikbuild to provide building solutions in Angola for offices; schools, clinics; accommodation and other buildings is significant.
"With the opening of the new production facility in Port Elizabeth we are now seeing an increasing order book across other African countries. Due to added capacity eKwikbuild now can accelerate its manufacturing and delivery on time and on schedule."
Enquiries
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Lonrho Plc |
+44 (0)20 7016 5105 |
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David Lenigas, Executive Chairman |
+44 (0)7881 825 378 |
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Geoffrey White, Chief Executive Officer |
+44 (0)7717 307 308 |
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Emma de Borchgrave, Executive Director |
+44 (0)7867 785 177 |
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Pelham PR |
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Charles Vivian |
+44 (0) 20 7743 6672 |
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+44 (0) 7977 297903 |
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James MacFarlane |
+44 (0) 20 7743 6375 |
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+44 (0) 7841 672831 |
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Collins Stewart Europe Limited |
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Hugh Field |
+44 (0) 20 7523 8350 |
NOTES TO EDITORS
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful business throughout Africa. The Company's shares are traded on the London AIM stock exchange (LONR). Lonrho is strategically focused on the development of business opportunities in infrastructure, transportation, support services, hotels and natural resources. The Company has over 19,000 shareholders and substantial institutional backing to support its mandate to build a profitable business that plays a fundamental role in the development of the African economy.
Related Shares:
Lonrho