| Mon 24 May 2010, 8:37 | | LAF - Lonrho Plc - Lonrho Kwikbuild Awarded 28.5 Million Rand (US$ 3.65M) |
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LAF
LOLAF
LAF - Lonrho Plc - Lonrho Kwikbuild Awarded 28.5 Million Rand (US$ 3.65M)
contracts for South African Government
LONRHO PLC
(Formerly Lonrho Africa Plc)
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho" or the "Company")
Lonrho Kwikbuild awarded 28.5 million Rand (US$ 3.65m) contracts for South
African Government
24 May 2010
Lonrho, ( AIM : LONR ) is delighted to announce that its prefabricated building
division, Kwikbuild (Pty) Ltd ("the Company") has won R 28.5m ( US$ 3.65m ) of
new business. The Company has been awarded two large tenders to develop the Cape
Town Station Traders Mall and to build a 700 pupil school near Port Elizabeth.
Both of these projects are fast track projects to be completed within four and a
half months.
The Cape Town Station Traders Mall is part of the Cape Town station upgrading
project for the 2010 World cup and beyond. PRASA (Passenger Rail Agency of South
Africa) has awarded Kwikbuild the contract to provide 386 new shopping units
ranging in size from 4 to 20 m2 as well as the administration and ablution
facilities. The total build is in the order of 3,000m2 and it is planned to have
the initial units erected on site within two weeks before the start of the World
Cup.
The Department of Public Works, Eastern Cape acting for the Dept of Education
has awarded the contract to Kwikbuild for the development of Chatty Primary
School on the outskirts of Port Elizabeth. The school will have 700 pupils and
is part of the ongoing schools relief programme in the Eastern Cape of South
Africa. The school will include 23 classrooms, an Administration building and 2
Ablution blocks and will open in the last quarter of this year.
David Lenigas, Lonrho Executive Chairman commented:
"Lonrho has invested time and money in restructuring Kwikbuild, developing a new
production plant, increasing staff levels, improving design and costing
capabilities and levels of customer service. I am delighted that we are now
beginning to see the results of the restructuring delivering significant orders
for the division. Kwikbuild product provides a rapid and quality solution to
meet the need for buildings in Africa, from offices and housing to schools and
clinics. The Kwikbuild management team is now in a position to take this great
product and launch it across the continent."
Enquiries
Lonrho Plc -
David Lenigas, Executive Chairman +44 (0)20 7016 5105
Geoffrey White, Chief Executive Officer +44 (0)20 7016 5105
David Armstrong, Finance Director +44 (0)20 7016 5105
Emma Priestly, Executive Director +44 (0)20 7016 5105
Pelham Bell Pottinger
Charles Vivian +44 (0) 20 7337 1538
+44 (0) 7977 297903
James MacFarlane +44 (0) 20 7337 1527
+44 (0) 7841 672831
Beaumont Cornish Limited (Nomad)
Rosalind Hill Abrahams +44 (0) 20 7628 3396
Roland Cornish
South African Sponsor
Java Capital (Proprietary) Limited
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