ASX Company News: Clough and Downer Awarded Engineering Contract

August 26th, 2011

Engineering and construction company Clough Limited (CLO) announced that the Downer Clough Joint Venture (DCJV) has been awarded an Early Contractor Involvement (ECI) contract by CSBP Limited for the Ammonium Nitrate/Nitric Acid Plant Number 3 (NAAN3). DCJV is a 50:50 joint venture between Clough and engineering and infrastructure management services group, Downer EDI Limited. The scope of work for the ECI phase involves a detailed review of current engineering and procurement documentation in collaboration with CSBP, to establish an execution plan and budget for the Engineering, Procurement and Construction (EPC) phase of the NAAN3 project which forms part of CSBP’s wider ammonium nitrate expansion proposed for its site in Kwinana, Western Australia.

“Clough has a long history with the Kwinana strip and is pleased to be returning to assist CSBP with the NAAN3 project. Successful completion of the ECI phase of this project will position Downer Clough for the EPC phase, which has an initial estimated value of approximately $200 million. We will work closely with our valued partner Downer to bring the best Australian engineering and project management resources to this important project” said Clough’s Chief Executive Officer John Smith.

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service primarily to oil and gas projects in Australia, South East Asia and the USA. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance. Downer EDI Limited provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand, the Asia Pacific region and the United Kingdom. CSBP Limited is a major manufacturer and supplier of chemicals, fertilisers and related services. CSBP Limited is a subsidiary of Wesfarmers Limited and part of the Wesfarmers Chemicals, Energy & Fertilisers division.

www.clough.com.au

http://www.traderdealer.com.au/fundamentals/clo

www.downergroup.com

http://www.traderdealer.com.au/fundamentals/dow

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