Posts Tagged ‘Construction Services’

ASX Company News: Savcor Awarded $12.8 million Jetty Contract By Dampier Salt

Tuesday, December 13th, 2011

Savcor Group Limited (SAV) announces its subsidiary, Savcor Finn Pty Ltd has been awarded a $12.8 million major contract to deliver the Dampier Ship Loading Jetty Refurbishment Project for Dampier Salt (DSL).

The six month project, due to commence on site in April 2012, will involve the removal of the existing timber decking system; refurbishment and painting of the steel superstructure and installation of a new precast concrete decking system.  The refurbishment project will be undertaken while DSL maintains full operational capacity of the salt load out facility.

Julian Bleddyn, Savcor Finn’s General Manager, said “this is a significant project for Savcor’s operations in the north west. The award of this technically difficult project to Savcor is an endorsement of our innovative approach to major refurbishment projects of marine structures, while maintaining the highest level of safety compliance. Innovative access systems and careful programming will facilitate Savcor in safely completing the project while allowing DSL to maintain 24 hour access to the structure, which is critical to the success of the project”.

Savcor has completed many major projects for Dampier Salt including structure condition assessments, concrete repair and cathodic protection systems and coating application services.

www.savcor.com

http://www.traderdealer.com.au/fundamentals/sav

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ASX Company News: Norfolk Group Secures $150 million Protection Contract For Brisbane Road Tunnel

Thursday, December 8th, 2011

Integrated engineering company, Norfolk Group Limited (NFK) has signed a contract  valued at approximately $150 million for the construction and pre-commissioning of mechanical, electrical and fire protection services for Brisbane City Council’s new Legacy Way road tunnel project. The 4.6km Legacy Way project is part of Council’s TransApex transport plan which aims to ease traffic congestion in and around the central business district. Council will deliver the project with $500M in funding support from the Federal government. The Legacy Way project will connect the Western Freeway at Toowong with the Inner City Bypass at Kelvin Grove through two separate parallel tunnels, each with two lanes of traffic. Construction has commenced and is expected to be completed in late 2014.

Council has appointed Transcity Joint Venture as the successful contractor to design, build and operate Legacy Way. Norfolk will be working with Transcity as an alliance partner in the Mechanical Electrical Construction Alliance (MECA) with a Project Alliance Agreement that contains a Target out Turn Cost with fixed fee and risk reward incentives.

The Transcity Joint Venture includes BMD Constructions, Ghella and Acciona Infrastructure Australia. The Alliance (MECA) will deliver the integrated industrial ventilation, power, lighting, and fire protection and suppression systems drawing on the significant local expertise and skilled trade’s base of the Norfolk Group as well as combining the assembled international expertise within Transcity Joint Venture. Norfolk is well positioned to capitalise on future scope enhancements including the opportunity to secure further works on the 10-year maintenance contract for the tunnel.

Norfolk’s electrical, fire and communications company, O’Donnell Griffin, and its heating, ventilation and air conditioning (HVAC) specialist, Haden, will deliver the works, drawing on skills and capabilities from across Norfolk’s workforce of more than 3,300 people.

Norfolk Managing Director, Glenn Wallace, said the company’s involvement in Legacy Way was a strong endorsement of its capabilities to deliver on large-scale infrastructure projects. “The Legacy Way is a significant development for the Brisbane metropolitan area given the project’s size, scale and significance. Norfolk has a long history of working successfully with partners on major infrastructure works and this project reinforces that reputation.” Both O’Donnell Griffin and Haden have experience in delivering tunnel-based works and will form an integrated major project team of more than 100 specialist technicians for the Legacy Way contract.

Norfolk is a leading provider of integrated engineering services in the electrical, HVAC (heating, ventilation and airconditioning) and facilities management markets. Norfolk employs more than 3,300 people, including highly skilled engineers, electricians, air conditioning technicians and apprentices, across more than 120 sites throughout Australia, New Zealand and Asia. Norfolk has more than 19,500 customers across a range of sectors including infrastructure, industrial, commercial, resources, retail, government and communications.

www.norfolkgl.com

http://www.traderdealer.com.au/fundamentals/nfk

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ASX Company News: Hastie Group Secures $270 million Hospital Contract

Sunday, November 13th, 2011

Hastie Group (HST) announced that it had signed major works contracts valued at $270m for the provision of mechanical, plumbing and medical gas services for the new Royal Adelaide Hospital. The bulk of revenue being generated over the next 3 years. The contracts were signed with the Hansen Yuncken and Leighton Contractors (HYLC) Joint Venture, the design and construction partners for the new Royal Adelaide Hospital – a $1.85 billion Public Private Partnership development. The new Royal Adelaide Hospital will be South Australia’s flagship public hospital and also its largest. The hospital once complete will have the capacity to admit more than 80,000 patients per year.

Hastie Group CEO, Bill Wild, emphasised Hastie’s expertise within the healthcare sector and the ability to deliver specialist services to major hospital projects across Australia. “Being awarded this project is a milestone for Hastie – to be part of the construction of the largest and most advanced hospital ever built in Australia, is a significant recognition of our expertise in this area. This contract is also the largest ever awarded to Hastie.”

Hastie Group Limited is the leading international designer, installer and maintainer of technical services to the building and infrastructure sectors – mechanical, electrical, commercial plumbing, fire and refrigeration group with well established operations in Australia, New Zealand, the UK and the Middle East. It has over 8,000 employees based at multiple locations.

The group operates under brands which are well recognised in their markets, and customers include many of the largest construction companies, shopping centre groups, industrial corporations and facility managers.

www.hastiegroup.com.au

http://www.traderdealer.com.au/fundamentals/hst

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ASX Company News: Hydrotech Awarded Canadian Consulate Contract

Friday, November 4th, 2011

Hydrotech International Limited (HTI)  is pleased to announce that its Hong Kong based coatings subsidiary, Hydrotech Waterproofing Solutions, has been awarded a project to replace the roof waterproofing for the Canadian Consulate’s Official Residence in Hong Kong. The value of this project is approximately AUD140k.

www.hydro-usl.com

http://www.traderdealer.com.au/fundamentals/hti

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ASX Company News: Clough In Discussions Regarding Marine Business

Thursday, July 7th, 2011

Further to the article in today’s Financial Review, engineering and construction company Clough Limited (CLO) confirmed that it is currently in discussions with SapuraCrest Petroleum Berhad (SapuraCrest) regarding its Marine Construction business.  These discussions may result in a sale transaction, cooperation and/or other business arrangement.

Whilst the parties continue to make good progress with their discussions, no binding arrangements have been entered into and there is no assurance that any transaction will ultimately be agreed or consummated with SapuraCrest or any other company. Clough will provide further updates to the market on these discussions as appropriate.

www.clough.com

http://www.traderdealer.com.au/fundamentals/clo

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ASX Company News: Downer Secures $50 million Rio Contract

Thursday, June 30th, 2011

Downer EDI Limited (DOW) announced it had secured a contract for work at Rio Tinto Iron Ore’s (RIO) Warramboo infrastructure project in Western Australia valued at more than $50 million. The work involves earthworks, concrete works, road surfacing and bridge construction, electrical and communication works, as well as a diversion of the North West Highway near Warramboo, which is located 165 kilometres south of Karratha.

The Chief Executive Officer of Downer, Grant Fenn, said this was a significant contract win for Downer, being the first with Rio Tinto’s Expansion Projects Group. “This project demonstrates Downer’s ability to provide customers with comprehensive design and construct services for civil mine infrastructure including roads, bridges, buildings and utilities,” Mr Fenn said. The project is scheduled for completion in April 2012.

Downer EDI Limited provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand, the Asia Pacific region and the United Kingdom.

www.downergroup.com

http://www.traderdealer.com.au/fundamentals/dow

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ASX Company News: Cardno Acquires Roadtest

Wednesday, June 15th, 2011

International infrastructure services group, Cardno Limited (CDD) announced the acquisition of Roadtest, a 60 person construction materials testing and geotechnical engineering firm based in Central Queensland. Roadtest services the Central Queensland market with offices in Rockhampton, Emerald, Gladstone, and the Whitsundays and will strengthen the Cardno Bowler Division by expanding the range of services which can be provided to its clients and increasing resources to match rapidly increasing demand for construction materials testing and geotechnical services in Central Queensland. The acquisition is expected to contribute approximately $8 million in revenue and $3.5 million in EBIT in FY12. Cardno will pay $11.7 million to acquire Roadtest. The acquisition is earnings per share accretive in FY12.

The Managing Director of Cardno, Andrew Buckley said, “Roadtest is a highly strategic partner to help continue the growth of our construction materials testing and geotechnical engineering capabilities across Australia and internationally”. “Acquiring Roadtest increases our exposure to the work flowing from the extensive gas and coal developments under way or proposed in Central Queensland”, he added. Roadtest is undertaking work on the Gladstone LNG plant on Curtis Island and is also working on the expansion of the Curragh North Coal mine.

Cardno is an integrated professional services provider, locally delivering the specialist advice necessary to create or improve the physical and social infrastructure that underpins communities around the world. Cardno’s team comprises leading advisers who plan, design, manage and deliver sustainable projects or community programs.

www.cardno.com

http://www.traderdealer.com.au/fundamentals/cdd

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ASX Company News: Lend Lease Has Secured Rail Maintenance Facility Contract

Wednesday, June 1st, 2011

Lend Lease (LLC) announced that Abigroup, as part of the Pacific National Infrastructure Alliance, has secured a contract for the design, pricing, delivery and commissioning of the first Pacific National coal rolling stock maintenance facility in Queensland near Nebo. The Alliance participants include Abigroup, Pacific National, QR National and BG&E Pty Limited and the contract value to Abigroup is circa A$100 million. Abigroup’s role in the alliance is to deliver the civil infrastructure component of the works and provide overarching management of the scope of the alliance works. Early works commenced on site in April 2011 and the project is due to be completed in June 2012.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, said the contract expands the Group’s infrastructure operations into Central Queensland and leverages Abigroup’s position in the rail market which is a key growth sector for the business. “We are delighted to have secured this project after being selected by Pacific National as preferred constructor in 2010”, said Mr McCann. “The increasing diversity of our client base further strengthens the Group’s position in our growth market of infrastructure.”

www.lendlease.com

http://www.traderdealer.com.au/Fundamentals/llc

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ASX Company News: Boral Acquires Wagner’s Quarries in NE Queensland

Saturday, April 16th, 2011

Boral Limited (BLD) announced that it has reached an agreement to acquire certain construction material assets and operations of the Wagners Group for consideration of $173 million. Under the transaction, Boral will acquire Wagners’ quarry, concrete and real estate in the Darling Downs, South East Queensland and Townsville regions and several land parcels with future development potential. In the Darling Downs region, Wagners’ construction material assets comprise high quality quarry positions, 12 concrete plants, transport operations and a 60% share in a flyash joint venture. In South East Queensland, Wagners’ network of concrete plants will extend Boral’s existing footprint in key growth corridors. In North Queensland, the acquisition will add a concrete plant and a sand quarry which will enhance Boral’s position in Townville. The sale includes a cement supply agreement which will augment Boral’s future cement supply position and underpin the future of the Wagners cement grinding plant.

The Chief Executive of Boral, Mark Selway, commented: “The acquisition is an exciting investment in our core Australian construction materials business. Wagners’ construction materials is an excellent addition to our existing business, adding high quality assets and market positions in attractive growth areas of Queensland.”

www.boral.com.au

http://www.traderdealer.com.au/fundamentals/bld

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ASX Company News: AJ Lucas Secures $200 million Of New Contracts

Saturday, April 16th, 2011

AJ Lucas (AJL) wishes to announce the award of new work totaling $200 million across the Drilling Services and Building Construction and Infrastructure divisions. The Drilling Services division has been awarded new contracts valued at $160 million for various durations for 1-4 years in Queensland. Clients include Anglo Coal, Arrow Energy and SANTOS and activities will include Coal Seam Gas Exploration, Surface to In-seam (SIS) and Exploration. Contracts in relation to this work have either been signed or are in the process of being finalized, and the Company believes that it is in a very competitive position to win additional work, particularly SIS work on other projects as demand for the Company’s steering and engineering expertise continues to grow in this area.

AJ Lucas Chairman and Chief Executive Officer, Mr Allan Campbell said, “Demand for our drilling services is stronger than ever. We are seeing the results of our commitment to safer and more efficient drilling services. The Company continues to attract a high contract renewal rate from blue chip clients.”

BC&I division has been recently awarded multiple contracts worth over $40 million for new work in the water, pipelines and infrastructure sectors. The highlights include $20 million contract for the design and construction of a new waste water treatment facility for the town of Robertson in New South Wales and a $10 million upgrade of the Mayfield to Broadmeadow waste water transfer station on behalf of Hunter Water Corporation.

Lucas is a leading provider of specialist infrastructure and mining services and is the largest supplier of drilling services to Australia’s coal and coal seam gas industry, construction, civil and property services. AJ Lucas is also a proven developer of unconventional hydrocarbon properties.

www.lucas.com.au

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