Copperchase Wins Hyundai Contract

By John Lee.

UK-based Copperchase has won a $6 million (7.2 billion Iraqi dinar) contract with Hyundai Engineering & Construction to build a new security fence at Karbala oil refinery.

The company used a £200,000 loan from the Tees Valley Catalyst Fund loan, which is managed by FW Capital, to secure the performance bond it needed from Lloyds Banking Group.

Copperchase director Paul Boydell said the contract win is the company's largest to date.

(Sources: Insider Media, Copperchase)