Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Kentz Secures Contract For Syncrude Canada - Quick Facts

4/16/2012 2:51 AM ET

Kentz Corp. Ltd. (KENZ.L) said it has been awarded the mechanical, electrical and instrumentation contract for Syncrude's Aurora North Mine Relocation, or AMR, Project, in Fort McMurray, Alberta.

Kentz noted that its contract with Syncrude Canada Ltd. is valued at around C$128 million and is included in the Group's backlog figure of $2.44 billion as of the end of February 2012. The company added that its scope includes planning and executing all structural, mechanical, electrical, piping and instrumentation work associated with this project.

Kentz had chosen KBR Wabi, a subsidiary of KBR, Inc., to execute the mechanical scope of work for the AMR Project. Meanwhile, Kentz will self-perform all electrical and instrumentation work in addition to managing the work as general contractor.

Click here to receive FREE breaking news email alerts for Kentz Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Restaurant operator Yum! Brands Inc. said Tuesday after the markets closed that its first quarter profit rose 18% from last year, helped by strong performance of its China division. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. After trending higher over the past several sessions, stocks saw some further upside during trading on Tuesday. A positive reaction to the latest corporate news contributed to the continued buying interest, lifting the Dow and the S&P 500 back near their record highs. In a blow to supporters of affirmative action, the Supreme Court on Tuesday upheld a voter-approved ban on using race as a factor in college admissions at Michigan's state-run universities. The court ruled 6 to 2 that the state law banning the use of racial preferences does not violate the U.S. Constitution, although the court was splintered on the reasoning for the decision.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.