News Spotlight: KBR (NYSE:KBR)

On Wednesday KBR (NYSE:KBR) traded with change of -0.26% on volume of 895698 shares in the last session as compared to average volume of 1221404 shares. During last trade its minimum price was $29.08 and it gained highest price of $30.49. KBR has total market capitalization of $4288268698. Its closing value stands at $30.26.

On Nov. 20, 2019, KBR (NYSE:KBR) disclosed it has been awarded a contract for its PLINKE Hydrochloric Acid Purification technologies by Italmatch Deutschland GmbH for its phosphorous acid production plant in Frankfurt, Germany.

Under the terms of the contract, KBR will provide technology license, basic and detailed engineering, proprietary equipment and related advisory services to Italmatch to help with the production of phosphorous acid as well as absorption and recovery of hydrochloric acid.

We are proud to be selected as Italmatch’s technology partner for its new plant and contribute to Italmatch’s continued growth, said Doug Kelly, KBR President, Technology Solutions. KBR has designed, built, supplied and supported tailored plants and facilities for purifying and concentrating strong inorganic acids and metal salts for customers all over the world.

KBR has more than 70 years of experience in PLINKE acid treatment and has built more than 550 plants for treatment and concentration of inorganic acids and acidic waste water worldwide.

Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.

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