Group Five Announces Another International Contrac
Group Five Announces Another International Contract
Group Five Limited/Howden Africa Holdings Limited
Press release
For distribution 3 September 2002
GROUP FIVE ANNOUNCES ANOTHER INTERNATIONAL CONTRACT
Group Five, one of South Africa`s largest construction companies, today
announced that its subsidiary, Group Civils - Industrial and Mining - has
secured two contracts worth R95 million at Vilankulo in Mozambique.
The Group Five Temane project, a joint venture with an Italian construction
company, CMC, is responsible for all the civil and infrastructural works of the
main gas processing plant at the start of the Mozambique/ Sasol gas line. Group
Five will also be responsible for establishing all the infrastructure and
accommodation facilities.
Commenting on the new contract, Group Five CEO Mike Lomas said: "These new cross
border contracts are another example of the success of our focus on increasing
our hard-currency earnings. Strong alliances with our contracting partners and
a culture of teamwork within the Group create an integrated effort to deliver
fully on requirements. "
-ends-
Brunswick SA (011) 268 5750
Heidi Geldenhuys 083 325 8924
Taryn Proksch 083 273 1301
Enquiries:
Mike Lomas, CEO Group Five (011) 806 0245
082 447 0641
Date: 04/09/2002 07:00:02 AM Produced by the JSE SENS Department
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