Cape signs five-year contract with Qatar Petrochemical Company (QAPCO) Q.S.C.

02 March 2017

Cape plc (CIU.LN), an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to announce its Qatar operations have been awarded a five-year framework contract for scaffolding, insulation, painting and refractory lining works by Qatar Petrochemical Company (QAPCO).

QAPCO Q.S.C. is one of the most successful producers of low-density polyethylene - a basic plastic polymer that is derived from natural gas. QAPCO is the operator of the QATOFIN linear low-density polyethylene plant.

QATOFIN Company Limited is a joint venture between QAPCO Q.S.C., Total Petrochemicals France and Qatar Petroleum, located in Mesaieed Industrial City in Qatar.

Samir Chopra, Operations Director Qatar, commented: “We are very proud to have won this framework contract from QAPCO and we look forward to continuing our long-standing relationships.”

About Cape:

Cape (www.capeplc.com), which is premium listed on the main market of the London Stock Exchange, is an international leader in the provision of critical industrial services principally to the energy and natural resources sectors. Our multi-disciplinary service offering includes access systems, insulation, specialist coatings, passive fire protection, refractory linings, mechanical services, environmental services, oil and gas storage tanks and heat exchanger replacement and refurbishment. Cape employs c.16,400 people working across 19 countries and in 2015 reported adjusted revenue of £711.4 million.

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Enquiries:

Cape plc                                                                +44 (0) 1895 459 500
Joe Oatley, Chief Executive
Michael Speakman, Chief Financial Officer
Ian Wood, Head of Investor Relations

 

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Bobby Morse, Ben Romney, Chris Judd

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