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23 Oct 2009 07:00
23 October 2009
CAPE UK WINS MULTIPLE CONTRACT RENEWALS
Cape plc, the international provider of essential non-mechanical industrial services to the energy and mineral resources infrastructure sectors, is pleased to announce a trio of contract renewals in the UK with a combined value in excess of £25 million.
Contract Renewal from Saudi Basic Industries Corporation (SABIC)
Cape's contract for the provision of essential maintenance services on the SABIC chemical complex at Wilton, Teesside has been extended for another year with options to extend for a further two. SABIC is one of the world's leading manufacturers of commodity and speciality chemicals, polymers, fertilizers and metals.
Letter of Intent from National Grid
Cape has received a Letter of Intent from National Grid to renew its contract to supply access services. The contract builds on a long standing relationship between Cape and National Grid by expanding beyond the North West and South of England to supporting all of their industrial assets throughout the UK. The contract extends for another three years, with options for a further two. National Grid plays a critical role in delivering gas and electricity to millions of people across Great Britain.
Contract Renewal from Novartis
Cape has been awarded a three year extension to the relationship with Novartis, for the provision of access, insulation and associated maintenance services at the Novartis pharmaceutical complex in Grimsby, North East Lincolnshire. Novartis is one of the world's leading pharmaceutical companies.
Martin May, Chief Executive of Cape plc, commented:
"Contract renewals such as these demonstrate Cape's ability to win repeat business from some of the world's leading companies. Some of these contracts are an expansion of existing services provided by Cape, reflecting the quality of work delivered to our clients. We are delighted to continue our provision of services to the energy and industrial sector in the safe, reliable and intelligent manner that Cape is reputed for."
For further information please contact:
Cape plc Martin May, Chief Executive Tel. +44 (0)20 3178 5498
M: CommunicationsPatrick d'Ancona or Ben Simons Tel. +44 (0)20 7920 2340
About Cape:
Cape plc (www.capeplc.com), which is listed on AIM (CIU), provides a range of non-mechanical industrial services including common user access systems, insulation, refractory, painting, coatings, blasting, industrial cleaning, training and assessment to both industrial plant operators and major international engineering and construction companies.
Cape employs c.14,000 people in 28 countries with its four main markets being the UK, Gulf/Middle East, CIS, Mediterranean and North Africa, and the Far East/ Pacific Rim.
In the year ended 31 December 2008, Cape reported turnover of £622.7 million.
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