Major Contract Award for Keller in Malaysia (6815X)

TIDMKLR

RNS Number : 6815X

Keller Group PLC

20 February 2012

For immediate release Monday, 20 February 2012

Keller Group plc

Major Contract Award for Keller (M) Sdn. Bhd. in Malaysia

Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, announces that its Malaysian subsidiary Keller (M) Sdn. Bhd. has been awarded a contract worth approximately GBP30m by Vale, the Brazilian mining company, to build the foundations for a major iron ore distribution facility in Lumut.

The new facility will be able to receive Valemax vessels - the world's largest dry bulk carriers - and will have an annual throughput capacity of 60 million tons when operations commence in 2014, eventually handling up to 200 million tons annually.

Keller will treat an area of nearly 200,000m(2) with a system of vibro stone columns and bored piles. Environmental sensitivity was a key influence on the choice of technology for this project. Keller's dry bottom-feed method for installing vibro stone columns is a 'green technology' which protects natural water resources and farmland and has a lower carbon footprint than many traditional foundation solutions.

Work is expected to commence in March and to be completed in the second quarter of next year.

Justin Atkinson, Keller Chief Executive, commented:

"Major projects requiring complex solutions, such as this, play to our strengths as a global, high-capacity provider.

"We are delighted that Vale has selected Keller Malaysia, with its reputation for high standards of safety and quality, as its partner for this project."

For further information, please contact:

 
 Keller Group plc 
 Justin Atkinson, Chief Executive                          020 7616 7575 
 James Hind, Finance Director 
 
 Finsbury 
 James Leviton/Rowley Hudson                                020 7251 3801

Notes to Editors:

Keller is the world's largest independent ground engineering specialist, providing technically advanced and cost-effective foundation solutions to the construction industry. With annual revenue of around GBP1.1bn, Keller has over 6,000 staff world-wide.

Keller is the market leader in the US and Australia; it has prime positions in most established European markets; and a strong profile in many developing markets.

Keller will be announcing its 2011 results on Monday, 27 February 2012.

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTEAXAXFDDAEFF

Keller (LSE:KLR)
Historical Stock Chart
From Jun 2024 to Jul 2024