Business
Why the Worley (ASX:WOR) share price is lifting today
The Worley Ltd (ASX: WOR) share price is up slightly this morning after the company announced an extended contract with a UK partner.
At the time of writing, the global engineering company’s shares are up 0.66%, trading at $10.60.
Renewed contract
In today’s release, Worley advised that INEOS O&P UK has renewed its master services agreement for its Grangemouth, United Kingdom site. One of the largest manufacturing plants in the country, INEOS O&P UK produce chemical products that include ethylene, polyethylene and ethanol. This is then used to create bottles and pipes, cabling and insulation, food packaging, and more.
Under the agreement, Worley will provide engineering services for ongoing maintenance and upgrades to the…
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