DRV Driver Group Plc

TIDMDRV

RNS Number : 9642R

Driver Group plc

18 September 2014

18 September 2014

Driver Group plc

("Driver Group" or the "Company")

Contract Award

Driver Group, the global consultancy to the construction and engineering industries, is pleased to announce the award of a Project Control Services Contract by SABIC UK Petrochemicals Limited.

SABIC, headquartered in Riyadh (Saudi Arabia), is one of the world's top 6 petrochemical companies and is the largest non-oil company in the Middle East.

In Europe, SABIC is a major producer of plastics, chemicals and innovative plastics and employs nearly 6,000 people. The main European office for its strategic business units, Polymers and Chemicals, is based in Sittard (The Netherlands). SABIC have Manufacturing and Research facilities in several locations in the Netherlands, Germany, UK, Italy, Austria, Belgium and Spain.

SABIC UK has announced a Major Project to convert its Teesside plants to take US shale gas, in a "very significant" investment that will make it one of the most competitive plants of its kind in Europe; this will create many hundreds of construction jobs and safeguard thousands more on Teesside.

Driver Project Services has been awarded the Contract for the provision of Project Controls Services and to support SABIC in the delivery of this prestigious project. Key to this award is to support SABIC in delivery of the Projects Critical Success Factors; in particular Schedule Assurance and Cost Assurance.

Dave Webster, CEO of Driver, stated "I am delighted that we have been able to secure this prestigious award in terms of both the project itself and more so because our Project Services business has gained the trust of a world class business in SABIC on what is a very significant investment by them. This award marks a significant step in our plans to substantially grow this area of our business in both the UK and our overseas territories".

Enquiries:

Driver Group plc

   David Webster, Chief Executive                                 Tel: +44 (0) 1706 223999 
   Damien McDonald, Group Finance Director          Tel: +44 (0) 1706 223999 
   Alan McClue, Non-executive Chairman                  Tel: +44 (0) 7791 546798 

Charles Stanley Securities

Nominated Adviser & Broker

   Marc Milmo / Carl Holmes                                             Tel: +44 (0) 207 149 6000 

This information is provided by RNS

The company news service from the London Stock Exchange

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