Kentz contracts worth $2.5bn

Engineering group Kentz Corporation revealed in a trading update to the London Stock Exchange that it has more than $2.5bn (€1.8bn) of contracts on its books.

Kentz CEO Christian Brown said that 2012 had been another successful year for the Clonmel company.

“The outlook for 2013 continues to be positive, with backlog growing to $2.57bn and over 65% of target 2013 revenues under contract,” he said.