Cape awarded insulation contract

11 April 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 Kingdom of Saudi Arabia (KSA) subsidiary, Cape R B Hilton, has been awarded a contract by Consolidated Contractors Company (CCC) to provide insulation services for Package 1 (SARU Unit) at Saudi Aramco’s Jazan Integrated Gasification Combined Cycle (IGCC) Project.

The Jazan IGCC project is located adjacent to Saudi Aramco’s 400,000 barrels of oil per day refinery being developed at Jazan Economic City in the south-west of the country.

CCC, established in 1952, has become the largest engineering and construction company in the Middle East with over 110,000 employees composed of over eighty nationalities.

Paul Cockerill, Managing Director KSA & Bahrain commented: “This contract award is an important win for Cape R B Hilton, building on our long-term relationship with CCC and increasing our presence in Jazan. We are committed to delivering a safe and reliable service.”

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, insulation, engineering and specialist coatings and fireproofing, environmental services, heat exchanger replacement and refurbishment, storage tanks and refractory. In 2016, Cape employed c.16,100 people working across 23 countries and reported revenue of £863.5 million.

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Enquiries

Cape plc                                                                          +44 (0) 1895 459 979
Joe Oatley, Chief Executive
Michael Speakman, Chief Financial Officer
Ian Wood, Head of Investor Relations

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


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