from CIS (EPA:CTRG)
CIS : Major $40 million contract spanning three years signed in Kazakhstan.
PRESS RELEASE
Marseille, 17 April 2024 – 7:30 p.m.
Major $40 million contract spanning three years signed in Kazakhstan
CIS strengthens its presence in Eurasia in the mining sector
CIS announces a major three-year contract totalling $40 million to work on behalf of the UK mining company Kazakhmys, the largest copper producer in Kazakhstan.
The contract won by CIS covers the management of 36 kitchens in the Zheskazgan region, located 700 km from Astana, and catering services for 6,000 people per day.
Following on from a successful initial experience, this customer has once again demonstrated its trust in CIS with this contract involving the management of a larger scope of operations.
To honour this contract, more than 600 new employees need to be hired locally.
After a start-up at the beginning of April, to the customer’s satisfaction, the full impact on CIS’s revenue will be felt in the second half of the current financial year.
In addition, this substantial new business strengthens the Group’s presence in Kazakhstan, where it has been active since 1992.
About CIS
For more than 30 years, CIS has been managing remote sites in the four corners of the globe, in the most isolated onshore and offshore environments. The Group supports major players in energy, mining, construction and peacekeeping forces through every step of their projects.
As a service integrator, CIS provides turnkey solutions to bring all of its residents well-being, comfort and a friendly atmosphere, so that its customers can focus on their core businesses.
The Group is committed to the sustainable development of the countries where it operates, by hiring, training its staff, forming partnerships with suppliers close to its sites, and engaging in local community initiatives.
CIS’s approach is proactive, based on innovation and continuous improvement to reduce its impact on the environment. Every day, the Group works to improve its practices and guarantee its transparency.
For more information, go to: www.cis-integratedservices.com
Euronext Growth Paris: ISIN FR0000064446 / Reuters: ALCIS.PA – Bloomberg: ALCIS:FP
Next press release: 7 August 2024, after the close of trading: Q2 2024 revenue
Contacts
CIS: Communications Department – +33 (0)4 91 16 53 00 communication@cis-integratedservices.com
SEITOSEI-ACTIFIN: Financial Communication – +33(0)1 56 88 11 13 jean-yves.barbara@seitosei-actifin.com
SEITOSEI-ACTIFIN: Media Relations – +33(0)1 56 88 11 29 isabelle.dray@seitosei-actifin.com
