KBR Tech for Midwest Fertilizer Corp. - Analyst Blog
December 20 2013 - 12:00PM
Zacks
Leading engineering and
construction services provider KBR, Inc. (KBR)
recently announced that it has received a contract from Midwest
Fertilizer Corporation for its upcoming facility in Mt. Vernon,
Indiana. The deal will be booked in the company’s fourth quarter
backlogs, but financial terms remained undisclosed.
The scope of the deal requires KBR
to provide its globally renowned Purifier technology for the new
fertilizer manufacturing plant. This innovative technology had been
designed to optimize operational efficiency while significantly
reducing capital costs. Also, this technology has been established
as the lowest energy-consuming solution in the industry. Apart from
this, the company will also have to provide engineering and design
package, proprietary equipment, and technology license for the
facility.
This facility has a per day ammonia
production capacity of 2,200 metric ton, critical for the overall
development of Indiana. The facility is likely to improve
agriculture production and provide employment opportunities in the
region.
KBR is an industrial construction
and engineering facility provider, offering services to
hydrocarbon, chemical and petrochemical industries. KBR has a
60-year old legacy of providing construction and maintenance
services.
In Nov 2013, KBR had received a
contract from Algeria-based petrochemical firm Fertial SpA to
conduct a study for upgrading a couple of regional ammonia plants.
Going forward, with continued growth in demand for construction and
maintenance services, we expect the company to secure more such
contracts in the imminent future.
KBR currently has a Zacks Rank #5
(Strong Sell). Better-ranked stocks in the engineering and
construction sector worth considering at the moment include
VSE Corp. (VSEC), which carries a Zacks Rank #1
(Strong Buy), and Jiangsu Expressway Co. Ltd.
(JEXYY) and Rexnord Corp. (RXN), both carrying a
Zacks Rank #2 (Buy).
JIANSU EXPWY CO (JEXYY): Get Free Report
KBR INC (KBR): Free Stock Analysis Report
REXNORD CORP (RXN): Free Stock Analysis Report
VSE CORP (VSEC): Free Stock Analysis Report
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