MARLTON, N.J. and SHREVEPORT, La., July 29, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, has announced that it has received a contract from Benteler Steel/Tube GmbH, a subsidiary of Benteler International AG, to provide construction management services in connection with a new $900 million steel pipe and tube manufacturing plant to be located in Shreveport, Louisiana. The plant includes a seamless steel tube mill and will be built on 330 acres at the Port of Caddo-Bossier in Northwest Louisiana.
"This is a huge win for our state as it will be one of the largest industrial projects in the history of Northwest Louisiana that will change the face of this area's economy," said Louisiana Governor Bobby Jindal. "This project will bring valuable foreign direct investment to Louisiana, help increase our country's energy independence, and create thousands of new career opportunities for Louisianans," Governor Jindal added.
"We are honored to have been chosen by Benteler to help them manage construction of their new world-class manufacturing facility," said Robert Ferguson, Senior Vice President and Southern Regional Manager for Hill's Project Management Group. "We look forward to helping them make this project successful," added Ferguson.Hill International, with 3,900 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 9th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com . The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733 Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.