Ballast Nedam Wins Contract for Civil Works for Refinery Expansion Project

NIEUWEGEIN, The Netherlands, January 18, 2012 /PRNewswire/ --

Staatsolie Maatschappij Suriname NV, the state oil company of Suriname, has awarded Ballast Nedam the contract for the general civil- and steel piling works for the Refinery Expansion Project. The purpose of the Refinery Expansion Project is to double the processing capacity at Tout Lui Faut Refinery to 15,000 barrels a day when completed.

The contract for Ballast Nedam includes the supply and installation of 373 steel piles, the processing of approximately 28,800 cubic meters of concrete, and the associated earthworks for the foundations of the expansion of the refinery. The contract for Ballast Nedam has a value of approximately € 25 million. Work on site is due to commence in April 2012 and to be completed in June 2013.

Ballast Nedam integrates all working processes in the entire chain, thereby ensuring the highest level of coordination for our clients. Chain integration is made possible in this project thanks to the network of specialist companies in the Ballast Nedam family. Ballast Nedam Engineering and Ballast Nedam Foundations are responsible for a significant part of the structural work.

This project supports Ballast Nedam's strategy of focusing on integrated projects and on the niche markets industrial construction, hospitals, offshore wind turbines, secondary raw materials and alternative fuels.

Ballast Nedam has a leading position in construction and infrastructure. The company operates mainly in the Netherlands on integrated and other projects for companies, public authorities and housing consumers, in the fields of mobility, housing, employment, leisure and energy. Ballast Nedam operates internationally in various areas of expertise. Ballast Nedam supplies project, process and contract management in the development, implementation and management phases. The company also provides specialized know-how and skills, and semi-finished and finished products. Ballast Nedam is listed on NYSE Euronext in Amsterdam. The share is included in the Amsterdam Small Cap Index.