MRHLD: 1,102 +9 (+0.82%)
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
(Reporting by Onke Ngcuka; editing by Jason Neely)
© 2020 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.