CIU.L Regulatory News (CIU)

News Release

21 March 2016

Cape secures three year contract with SABIC UK Petrochemicals Limited

Cape plc is pleased to extend our current relationship with SABIC UK Petrochemicals Limited, with the award of a contract renewal until end of December 2018. The contract is for the provision of maintenance and project work including access, insulation, coating and passive fire protection at the Wilton and North Tees sites in Teesside, UK. The contract is expected to commence in April.

Commenting on the contract award Joe Oatley, Chief Executive of Cape, said "I am delighted that Cape has secured this contract renewal at SABIC Teesside. Cape has a longstanding relationship with SABIC UK Petrochemicals Limited, spanning more than a decade and we look forward to continuing to work with this important client to deliver our critical industrial services across their assets".

About Cape:

Cape (www.capeplc.com) is an international leader in the provision of critical industrial services principally to the energy and natural resources sectors. Cape provides a multi-disciplinary service offering including the traditional services of access, insulation, coatings and mechanical, and a range of specialist services including oil and gas storage tanks, heat exchanger replacement and refurbishment, and environmental services. 

Cape employs c. 16,400 people working across 19 countries and in 2015 reported revenue of £711.4 million.

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Enquiries

Cape plc

Joe Oatley, Chief Executive +44 (0) 1895 459 979

Michael Speakman, Chief Financial Officer +44 (0) 1895 459 979

Buchanan

Bobby Morse, Ben Romney +44 (0) 207 466 5000