Recs

1

KBR Wins Ammonia Fertilizer Plant Contract in Bolivia

Construction and engineering firm KBR (NYSE: KBR  ) has won a license and design contract from Samsung Engineering for a 1,200-metric-tons-per-day ammonia fertilizer plant in Carrasco, Bolivia, part of the government's strategic initiatives for monetization of natural gas and demand for urea in the region, KBR announced this week.

KBR will provide a technology license and a basic engineering design package, and supply equipment including its purifier technology. It will also provide proprietary operator training simulators and a "steam dynamic simulation study." No financial details of the contract were provided in the press release, but KBR said production operations are expected to begin in mid-2015.

KBR president of tecnology John Derbyshire was quoted as saying in the press release, "This award represents an opportunity to further expand KBR's footprint in the Latin American market."

The construction and engineering firm has been involved in the licensing, design, engineering, and construction of more than 200 ammonia plants worldwide over the past 50 years, representing approximately half of current global ammonia production.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2259097, ~/Articles/ArticleHandler.aspx, 7/28/2015 6:40:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Duprey
TMFCop

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

Google+

Today's Market

updated 9 hours ago Sponsored by:
DOW 17,440.59 -127.94 -0.73%
S&P 500 2,067.64 -12.01 -0.58%
NASD 5,039.78 -48.85 -0.96%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/27/2015 4:04 PM
KBR $17.14 Down -0.14 -0.81%
KBR, Inc. CAPS Rating: *****

Advertisement