Contract Win
June 05 2002 - 6:03AM
UK Regulatory
RNS Number:7932W
KBC Advanced Technologies PLC
5 June 2002
5 June 2002
KBC Advanced Technologies plc
("KBC" or the "Company")
KBC awarded Multi-site Profit Improvement Program in South America
KBC Advanced Technologies plc, a leading independent process engineering group,
has been awarded a multi-site Profit Improvement Program for a South American
refining conglomerate. The contract value is in excess of $15m over a 30-month
period.
Commencing in the second quarter of 2002, the scope of work will include all
areas of operations, incorporating programs in yield and energy improvement,
operations planning and oil loss assessment, as well as equipment reliability
and maintenance.
This is an important contract that KBC has been negotiating for a number of
months. The contribution to profits in 2002 was assumed in the Company's
announcement of 23 May 2002, with a significant proportion of the work being
carried out in 2003 and beyond.
Don Romano, KBC's Chief Executive, commented: "We are eager to start this work
in South America. This is a great opportunity for KBC to build on the successes
we have seen in that region using our experience to improve our client's
profitability."
-ends-
For further details contact:
KBC Advanced Technologies plc
Don Romano, Chief Executive 01932 242 424
Nicholas Stone, Finance Director
Weber Shandwick Square Mile
Tim Jackaman 020 7950 2800
Notes to Editors: KBC Advanced Technologies plc is a leading independent process
engineering consultancy, improving the operational efficiency and profitability
of its clients. KBC analyses plant operations and management systems, recommends
changes that deliver material and measurable improvements in profitability, and
offers implementation services to assist clients in realising measurable
financial improvements. KBC has a broad spectrum of clients including large
integrated oil companies, small independent refineries, petrochemical complexes
and other process industries.
This information is provided by RNS
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