18 Jan 2013 09:48
News Release
18 January 2013
Cape secures extension to SABIC contract
Cape plc, the international provider of essential, non-mechanical support services to the energy and mineral resources sectors, announces the award of an extension to the existing multi-disciplinary site services contract for SABIC Petrochemicals at its Teesside sites. The contract extension covers the three year period, 2013 to 2015 on a fixed term basis.
Saudi Basic Industries Corporation (SABIC) ranks among the world's top petrochemical companies and is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilisers.
Steve Connolly, Managing Director of Cape UK, Europe and CIS commented: "We are delighted to be awarded this extension to Cape's existing maintenance contract in recognition of our commitment to continue to deliver value to SABIC's facility through our focus on HSEQ performance, efficiency and sustainability. Through this landmark contract, delivered within an integrated alliance we are pleased to continue our successful relationship with SABIC Petrochemicals."
Enquiries:
Cape plc:
Karen Menzel, Director of Investor Relations +44 (0)20 3178 5408
M:Communications:
Patrick d'Ancona +44 (0)20 7920 2347Ben Simons +44 (0)20 7920 2340
About Cape:
Cape plc (www.capeplc.com), which is listed on the main market of the London Stock Exchange, provides a range of non-mechanical industrial services including access systems, insulation, painting, coatings, blasting, industrial cleaning, training and assessment to both industrial plant operators and major international engineering and construction companies.
As a single source provider, Cape is able to provide a range of specialist multi-disciplinary services specifically tailored to meet the needs of the client providing the most intelligent and cost efficient solutions for our customers non-mechanical in-plant maintenance and capital needs.
In the year ended 31 December 2011, Cape reported revenues of £722.5 million. With scale and leading market positions across its international footprint, Cape employs over 19,000 people around the world.