M&R subsidiary Clough USA awarded $620m project
JSE-listed engineering and construction group Murray & Roberts’ (M&R’s) subsidiary Clough USA has been awarded a petrochemical engineering, procurement and construction contract (EPC) in the US, valued at $620-million.
The multiyear project signifies Clough USA’s first major contract award and underlines the successful establishment of Clough in North America. The business has its origins in Western Australia.
Clough USA was established earlier this year when M&R acquired Saulsbury Industries’ Gulf Coast downstream EPC business. The acquisition consolidated M&R’s oil and gas businesses under the Clough USA brand, providing services to the oil and gas markets in the US.
M&R’s strategy is to diversify internationally in growth markets aligned with its core market of natural resources.
Clough USA anticipates receiving full notice to proceed on the project by October.
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