Hercules PLC (LSE:HERC) CEO Brusk Korkmaz and CFO Paul Wheatcroft talked with Proactive's Stephen Gunnion about the company's newly secured contracts in the UK water sector worth approximately £6.5 million.
Korkmaz said the wins strengthen the company's position as a trusted partner: “With our experience and growing presence nationwide, more clients are trusting Hercules to deliver vital infrastructure projects.” The new contracts position Hercules to contribute to essential improvements in water and wastewater services across the UK.
Wheatcroft highlighted that Hercules already works with key regional water companies including Anglian Water, Thames Water, Southern Water, Severn Trent Water, Wessex Water, United Utilities, Welsh Water, and Yorkshire Water. Additionally, the company has established new agreements with Galliford Try, Costain, Tilbury Douglas, NWH Treatment, Glanua, and Thames Water.
He explained that the contracts come at a time when the UK water sector is seeing record investment, following Ofwat regulatory reviews. Over £104 billion is expected to be invested during the current AMP8 period, with a focus on upgrading aging infrastructure and increasing environmental resilience.
Both executives expressed confidence in Hercules’ ability to deliver as demand grows. Korkmaz reiterated the company’s commitment: “We are set to play an important role in improving water and wastewater services across the country.”
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