August 30, 2010
KBR announced that its Downstream business unit has been awarded a contract to provide engineering and procurement services to Chemetall Foote Corp. (a subsidiary of Rockwood Holdings, Inc. (NYSE: ROC)) for the addition of lithium hydroxide production at its current operation in Kings Mountain, North Carolina. The project is funded in part by a $28.4 million grant from the U.S. Department of Energy to expand and upgrade the production of lithium materials for advanced transportation batteries.
