MRHLD:  1,150   0 (0.00%)  23/08/2019 00:00

Murray & Roberts says Clough USA unit awarded $620 mln EPC project

JOHANNESBURG, Aug 12 (Reuters) - Clough USA has been awarded a petrochemical engineering, procurement and construction (EPC) project in the United States worth $620 million, South African parent firm Murray & Roberts said on Monday.

"This multi-year project signifies Clough USA's first major contract award and underlines the successful establishment of Clough in North America," Murray & Roberts said in a statement.

The wholly owned subsidiary was established earlier this year following Murray & Roberts' acquisition of Saulsbury Industries' Gulf Coast downstream EPC business.

Clough USA has secured a limited notice to proceed and should receive the full notice to proceed by October, the firm said. (Reporting by Onke Ngcuka; editing by Jason Neely)

2019-08-12 12:20:30

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