StockMarketWire.com - Engineering group Keller's Malaysian subsidiary has won a contract worth around £30m to build the foundations for a major iron ore distribution facility in Lumut.
The contract was awarded by Brazilian mining company, Vale.
The new facility will be able to receive Valemax vessels - the world's largest dry bulk carriers - and will have an annual throughput capacity of 60 million tons when operations commence in 2014, eventually handling up to 200 million tons annually.
Keller will treat an area of nearly 200,000sq m with a system of vibro stone columns and bored piles.
Environmental sensitivity was a key influence on the choice of technology for this project.
Keller's dry bottom-feed method for installing vibro stone columns is a 'green technology' which protects natural water resources and farmland and has a lower carbon footprint than many traditional foundation solutions.
Work is expected to begin in March and to be completed in the second quarter of next year.
At 8:37am: (LON:KLR) Keller Group share price was +6.5p at 435.5p
Story provided by StockMarketWire.com
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