Kentz aims for €740m in orders

CONSTRUCTION and engineering services group, Kentz is targeting new business orders of about $1 billion (about €740m) in value this year and the expansion of its international presence to four new territories.

The Clonmel-headquartered company’s core business is in infrastructural support services for major oil and gas exploration companies around the world. The likes of Qatar Petroleum and ExxonMobil are major clients and Australia, the Middle East and Africa are among its prime locations.

On the back of a strong set of financial results for 2009, published yesterday, Kentz said that its backlog of work – as of the end of December – sat at record levels, at just under $1.5bn in value. That figure has risen to $1.6bn since the beginning of this year.