Severfield PLC Awarded landmark contract for Google's UK HQ (3002Z)
December 14 2017 - 1:01AM
UK Regulatory
TIDMSFR
RNS Number : 3002Z
Severfield PLC
14 December 2017
14 December 2017
Severfield plc ("Severfield")
Awarded landmark contract for Google's UK headquarters
Severfield plc, the UK's market leading structural steel group,
confirms that it has been awarded a landmark contract on the
recently announced new Google Headquarters in King's Cross, London.
Severfield will provide 15,900 tonnes of structural steelwork
services for the new 11-storey building with the work scheduled to
commence on site in June 2018.
Alan Dunsmore, Acting Chief Executive Officer, Severfield plc,
commented:
"We are delighted to announce that Severfield has been awarded
this Google contract and are looking forward to working with
Lendlease on such a high profile, iconic development at King's
Cross.
This contract win adds to our recently announced strong order
book of GBP245m and supports Severfield's position as the market
leader with unrivaled design, fabrication and construction
capabilities.
The Group has already worked on a number of key buildings in the
King's Cross area, including 3 and 4 Pancras Square, King's Cross
R1 and S2, and the new retail quarter Coal Drops Yard, which is
currently under construction."
-END-
For further information, please contact:
Alan Dunsmore
Acting Chief Executive 01845 577
Severfield plc Officer 896
Adam Semple
Acting Group Finance 01845 577
Director 896
Jefferies International 020 7029
Limited Simon Hardy 8000
020 7029
Will Soutar 8000
020 3757
Camarco Ginny Pulbrook 4992
020 3757
Tom Huddart 4991
Legal Entity Identifier of the Company: 21380025AWPR781CY104
Classification: 3.1
Notes to Editors:
Severfield is the UK's market leader in the design, fabrication
and construction of structural steel, with a total capacity of
c.150,000 tonnes of steel p.a., which represents c. 17% of UK
structural steel production.
The Group has four UK sites, 1,400 staff and has expertise in
large, complex projects across a broad range of end markets. The
Group also has an established foothold in the developing Indian
market through its joint venture partnership with JSW Steel
(India's largest steel producer).
The Severfield management team has successfully undertaken an
operational turnaround plan since 2013 and in 2016 set out key KPIs
which they plan to deliver by 2020: to double profit before tax to
GBP26m, and to deliver cash generation of over 85% as a base level
of achievement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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