Clough Takes 50% Interest in Shedden Uhde
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November 2002
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Shedden Uhde Pty Ltd is pleased to announce that, effective 1st October 2002, Clough Engineering will aquire a 50% shareholding in the company from Uhde GmbH of Germany, to become a joint owner of Shedden Uhde.
The move follows the establishment, in 2001, of a strategic alliance between Shedden Uhde and Clough Engineering to jointly pursue certain projects within the hydrocarbons sector. The two companies are already cooperating on two major projects, the expansion of Bassel's Geelong polypropylene plant and Orign Energy's BassGas on-shore gas plant project.
Shedden Uhde's Managing Director Russell Scott said "clients are increasingly looking for thei contracting partners to deliver a full set of capabilities, from front-end design through to construction management. The involvement of Clough Engineering wil provide Shedden Uhde with access to the skill and resources that perfectly comlement those traditionally offered by the company."
"We look forward to a very successful cooperation between the three companies," he said.
Shedden Uhde will continue to operate as a separate business entity from it's existing offices in West Melbourne and Brisbane.
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