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Record order backlog for Kentz

Oil and gas, and increasingly mining, engineering and construction group Kentz continues to prosper. A record order backlog of $1.56bn (£1.0bn) at the end of January 2010 is supported by a prospects pipeline of more than $2.95bn. With $695m of the backlog due to be executed this year, the group is well placed to continue to grow revenue, which increased by 9.5 per cent in 2009 to $704.7m. The core Middle Eastern market remains buoyant and is offering new opportunities in Iraq, Kuwait, Oman and Syria. Kentz's investment in Australia is paying off with contracts and further opportunities in large liquefied natural gas projects. The South African and Australian mining operations also saw significant increases in business and now represent 6 per cent of group revenue.

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By Martin Li,
23 March 2010

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