Amclyde Wins Contracts

FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts in excess of $13.5 million with customers in Freeport, Texas and Abu Dhabi, U.A.E. "AmClyde is very pleased to receive these key orders from our long-standing customer NPCC (National Petroleum Construction Company) of Abu Dhabi in the United Arab Emirates and our new customer Cabett Subsea Products, Inc. of Houston, Texas," said Dick Juelich, AmClyde President. AmClyde has a contract with NPCC to provide a significant operating increase of the lifting capacity and reach for their 2000-ton model 76 marine crane, originally built in 1973. The uprate design and manufacturing work will include new hoists, A-frame assembly and main hook block for the crane, as well as components to enable future additional capacity increases. The uprate will be completed in April of 2002. "AmClyde has a long-standing reputation as the pre-eminent designer/builder of large specialty cranes, mooring systems and related equipment. Our recent order for upgrading NPCC's crane is a further testament to the versatility of our designs and our ability to upgrade existing machinery," said Dick Juelich. AmClyde-Norson Engineering, the Glasgow, Scotland segment of AmClyde, received a contract to design and build umbilical handling equipment at the new Cabett Subsea Products, Inc. (Cabett Services and WW Products International) production facility at Port Freeport, Texas. This equipment includes three 1,000-ton capacity carousels, loading towers, tensioners and related machinery. The addition of AmClyde-Norson Engineering further complements the existing product lines of AmClyde. Anil Raj, Chief Operating Officer of Friede Goldman Halter, Amclyde's parent company commented, "The announcement of these contracts for AmClyde reaffirms the confidence of our customers in all of Friede Goldman Halter's companies. Engineered Products, Rig and Vessel divisions have all received significant new contracts since we filed a petition for reorganization. These awards and the continued support of our customers will assist us in emerging as a stronger and more capable company."