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2006

PARKER KAEFER poised to become the leading service provider for Atlantic Canada

	PARKER KAEFER poised to become the leading service provider for Atlantic Canada Halifax, Nova Scotia – PARKER KAEFER has chosen Atlantic Canada as the home base for its new multi-discipline contracting firm. PARKER KAEFER will operate in the region as a specialized service contractor for the oil and gas energy sectors and will provide a full spectrum of technology and services relating to insulation & cladding, surface protection systems, access management, and associated design & engineering services. PARKER KAEFER combines two organizations with long established reputations for being leaders in their respective fields. German-based KAEFER Group brings extensive experience in the field of Liquid Natural Gas (LNG) as well as a 30-year operational presence in the North Sea Oil and Gas Industry. PBCL Group is a recognized local market leader in the fields of industrial insulation and surface protection systems. With operational facilities in all the main market sectors and 150 years of collective industry experience, PARKER KAEFER is well positioned to serve the current and future requirements of the Canadian Energy Sectors. “Both companies have a strong tradition of excellence, and we are proud to join together to provide the oil and gas sector with enhanced service during both construction and maintenance phases,” said Malcolm Giffin, President and CEO of the PBCL Group. “When we combine our regional knowledge and presence with KAEFER’s international LNG and North Sea experience, the outcome will be superior products and services for our clients.” “This partnership provides the right venue at the right time for KAEFER to enter the North American market. We will bring experience gained in 37 countries to bear in Atlantic Canada, and the many opportunities that exist in this region are a perfect fit for our extensive experience in oil and gas developments,” said Karsten Gudmundset, Chairman of PARKER KAEFER. “It is an exciting time for the Company and by establishing an immediate presence through our Provincial locations we are demonstrating our commitment to Atlantic Canada.” PARKER KAEFER will be well equipped to serve the East Coast and beyond from its Nova Scotia, Newfoundland, and New Brunswick facilities. The company will focus on one of the North American energy sectors biggest growth areas; the construction of LNG receiving terminals. Three such terminals are at various stages of development within 300 km of the company’s head office in Halifax. Additionally, the Offshore sectors hold growth potential and opportunity. Nova Scotia Energy Minister Mr. Bill Dooks, who is in Houston leading the Nova Scotia delegation to OTC, says the creation of the new company is an endorsement of the quality business operations in Atlantic Canada. “KAEFER has a reputation of dealing with the best,” said Minister Dooks. “In addition to KAEFER injecting new services and technologies to the Atlantic Canadian Market, it’s widely recognized that PBCL’s specialised skills will augment other KAEFER operations”, says Kim Twiggs of KAEFER’s International Offshore Division, Perth - Western Australia For additional information contact: Nova Scotia: Julie Hebert, Tel. 902-860-3344 Newfoundland: Denise Fleming, Tel. 709-782-5125 New Brunswick: Larry Brown, Tel. 506-459-7551 Or visit the company websites at: www.parkerkaefer.com
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	Characters: 3389 July 2006