SNC-Lavalin Signs Project Management Contract in Vietnam
MONTREAL, Sept. 27, 2018 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) announces that it has signed a project management contract (PMC) with Long Son Petrochemicals Company Limited (LSP), a subsidiary of the Siam Cement Public Company Limited (SCG) of Thailand. Under the agreement, SNC-Lavalin and LSP will form an integrated team of dedicated personnel to manage a variety of contractors on site, as part of a comprehensive project management structure. Under this structure the team will provide oversight and various professional services, including interface and document management, design verification, safety management and risk assessment, engineering services and other studies.
"We look forward to building a long-term relationship with LSP and SCG, by supporting their expansion plans in Vietnam," said Christian Brown, President, Oil & Gas, SNC-Lavalin. "This project will leverage SNC-Lavalin's project management and technical skills, as well as further strengthen our PMC reputation in petrochemicals and position us for future opportunities in Vietnam and globally."
LSP is planning to develop, construct and operate the first integrated petrochemicals complex in Vietnam. Located on Long Son Island in Vung Tau City, Ba Ria – Vung Tau Province, southeast of Ho Chi Minh City, the US$5.4 billion complex will consist of an olefins cracker, high density polyethylene (HDPE), linear low density polyethylene (LLDPE) and polypropylene (PP) units, tank farm, central utility facilities, port and jetty. Once completed it will have olefins production capacity of 1.6 million tons per year.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients across oil and gas, mining and metallurgy, infrastructure, clean power, nuclear and EDPM (engineering design and project management). On July 3, 2017, SNC-Lavalin acquired Atkins, one of the world's most respected design, engineering and project management consultancies, which has been integrated into our sectors. www.snclavalin.com
CONTACT: Media: Daniela Pizzuto, Director, External Communications, 514-393-8000, ext. 54772, media@snclavalin.com; Investors: Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, denis.jasmin@snclavalin.com
