KBC Kbc Adv.Tech.

 

TIDMKBC 
 
RNS Number : 5307W 
KBC Advanced Technologies plc 
30 July 2009 
 

 
 
 
 
Embargoed until 7.00am 
 
 
30 July 2009 
 
 
KBC Advanced Technologies plc 
("KBC") 
 
 
Contract Award 
 
 
In the pre-close trading update made on 6 July 2009, reference was made to 
several key contracts that were in the advanced stage of negotiation. KBC is 
pleased to announce the first of these contracts. 
 
 
KBC has been selected as a sub-contractor to SK Engineering and Construction 
Company Ltd ("SKEC"), which has been engaged to further develop the basic 
design, in preparation for procurement and construction, of a new petrochemical 
complex to be built in Ecuador. This new facility is to be built by Refineria 
del Pacifico-CEM, a joint venture between PetroEcuador and Petroleos de 
Venezuela SA ("PdVSA"). 
 
 
The value of the KBC contract is around US$10 million over a period of 
approximately nine months. This award follows KBC's successful involvement in 
the early phase of the project, during which KBC conceptualised and developed 
the petrochemical complex configuration using its proprietary process simulation 
software, Petro-SIM(TM). 
 
 
Latin America has remained a strong market for KBC this year, and continues to 
generate opportunities for capital project driven work. KBC has also won several 
smaller projects in this region in recent months. The successful negotiation of 
this contract is the result of continuing excellent relationships with 
PetroEcuador, PdVSA and SKEC. 
 
 
For further information contact: 
 
 
+---------------+---------------+ 
| KBC           |               | 
| Advanced      |               | 
| Technologies  |               | 
| plc           |               | 
+---------------+---------------+ 
| George        |  01932 236314 | 
| Bright,       |               | 
| Chief         |               | 
| Executive     |               | 
| Nicholas      |               | 
| Stone,        |               | 
| Operations    |               | 
| and           |               | 
| Finance       |               | 
| Director      |               | 
+---------------+---------------+ 
|               |               | 
+---------------+---------------+ 
| Weber         |               | 
| Shandwick     |               | 
| Financial     |               | 
+---------------+---------------+ 
| Nick          | 020 7067 0700 | 
| Oborne/Clare  |               | 
| Thomas        |               | 
+---------------+---------------+ 
|               |               | 
+---------------+---------------+ 
| Arbuthnot     |               | 
| Securities    |               | 
+---------------+---------------+ 
| James         | 020 7012 2000 | 
| Steel/Antonio |               | 
| Bossi/John    |               | 
| Prior         |               | 
+---------------+---------------+ 
 
 
Notes to Editors: 
For 30 years KBC's consultants have provided independent strategic and 
engineering expertise to enable leading companies in the global energy business 
and other process industries to manage risk while maximising value from their 
assets. 
 
 
In times of economic uncertainty and increasing environmental pressure, KBC's 
proprietary methodologies and innovative tools guide clients' key strategic 
decisions, enabling them to prioritise and implement initiatives that maximise 
return on investment, and improve operational performance.  For more 
information, visit www.kbcat.com. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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