Cape awarded further Jazan insulation contract

11 July 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 Sinopec Engineering Group Saudi Co. Ltd (SEG) to provide insulation services as part of Package 5 (Utilities and Common area) at Saudi Aramco’s Jazan Integrated Gasification Combined Cycle (IGCC) Project.

SEG is a part of the Sinopec Engineering Group Co. Ltd, which itself is a wholly owned subsidiary of the Sinopec Group, who are focussed on providing integrated engineering services and technical patents for domestic and overseas refining and chemical engineering markets. The engineering, procurement and construction contractor for this package is Tecnicas Reunidas, while SEG are the main mechanical contractor on the project.

Paul Cockerill, Managing Director KSA & Bahrain commented: “This contract award is a significant win for
Cape R B Hilton, enlarging our service offering within the Jazan Region and helping us increase our market share and visibility in this high-profile project. We have a long and successful relationship with SEG and this award further strengthens the business ties of both organisations. Alongside other project awards, we are working with our customers to deliver 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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