Keller Signs Major $50M Russia Contract
April 19, 2013
Ground engineering specialty company Keller Group PLC recently announced its largest contract to date in Russia. The $50.7 million deal involves the preparation of an excavation pit for a leading real estate development and building materials companies in that country.
"This award comes on the back of several smaller contacts in Russia completed by Keller in recent years, including the foundations for the ice rink in Sochi for the 2014 Winter Olympics. It is encouraging to see our business gaining traction in this growing market," said CEO Justin Atkinson.
Keller’s part of the work involves approximately 183,000 square feet of diaphragm wall for excavation support, along with strutting, earthworks, dewatering and foundation slab. Overall, the development in central Moscow will include almost 500,000 square feet of residential space in several multi-story buildings above a two-level underground garage for some 1,800 cars.
Work will begin soon and is expected to wrap up in spring 2014.
"The construction of complete excavation pits is a good example of how we continue to broaden the range of services we offer to meet our customers' total foundation requirements. This contract win also illustrates the success of our strategic initiative to increase our exposure to major projects," Atkinson added.
Keller-a market leader in the U.S. and Australia-touts itself as the world’s largest ground engineering specialist offering foundation solutions to the construction industry. It has more than $2 billion in annual revenue and about 7,000 employees worldwide.
For more information about Keller Group, visit www.keller.co.uk.