Business
GBP 500,000 New Building Comm
GBP 500,000 New Building Comm.
About this update from Plexus Holdings
[{"type":"text","content":"\n RNS Number : 1238X Plexus Holdings Plc 10 August 2009 \n \nPlexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services\n10 August 2009\nPlexus Holdings PLC ('Plexus' or 'the Company')\nNew assembly and test building commissioned for £500,000\n \nPlexus Holdings PLC, the AIM listed oil and gas engineering services business which specialises in POS-GRIP® wellhead equipment for exploration and production applications, announces plans to construct a new assembly and test facility at its premises in Dyce, Aberdeen for approximately £500,000. The additional building has been specifically designed to allow more efficient handling, assembly and testing of Plexus' POS-GRIP High Pressure/ High Temperature ('HP/HT') wellhead systems. \n\nThe 60ft high facility will provide 4,000 square feet of additional workshop area for Plexus' operational premises and will include 50 tonne and 25 tonne overhead cranes and a test pit to enable the function and pressure testing of larger HP/HT and Extreme High Pressure/High Temperature ('X-HP/HT') wellhead and equipment assemblies.\n\nPlexus has awarded contracts totalling £500,000 to a number of locally based companies including Fitzgerald & Associates Ltd., Wright Associates and Beedie Mitchell Ltd to fast-track the construction of the new facility. The main building contractor selected is Andrew Cowie Construction Ltd, with steelwork to be supplied by RIM Fabrications Ltd and cranes by Morris Materials Handling Ltd. Work on the project is scheduled to commence imminently with completion targeted for January 2010. \n\nPlexus CEO Ben van Bilderbeek said, 'Naturally we are delighted to have been granted planning permission for this new assembly and test facility and to be able to offer contracts for its construction to local businesses. We are confident that these new facilities will further strengthen our ability to respond to the growing demand for HP/HT exploration and production equipment and services.' \n \n* * ENDS * *\n\nFor further information please visit www.posgrip.com or contact: \n \n\n\n\n\nBen van Bilderbeek\n\n\nPlexus Holdings PLC \n\n\nTel: 020 7795 6890\n\n\n\n\nGraham Stevens\n\n\nPlexus Holdings PLC\n\n\nTel: 020 77...