Posts Tagged ‘engineering’

ASX Company News: Zicom Group Acquires SAEdge Vision Systems

Sunday, February 26th, 2012

Zicom Group (ZGL) is pleased to announce that its wholly owned subsidiary Sys-Mac Automation Engineering Pte Ltd has invested 80% into a new subsidiary, SAEdge Vision Systems Pte Ltd, focused on optic and vision system engineering. The total investment is S$800,000 fully funded internally. Optic and vision systems are employed for accurate inspection and measurement of high throughput production in a production line and are particularly suitable for fine and small components, which conventional systems may be unable to do. Vision systems are also used for alignment. The technology is synergistic with Sys-Mac s and our subsidiary Orion System Integration Pte Ltd s (Orion) businesses. SAEdge will fully complement and strengthen Sys-Mac focus on automation business and complement Orion in developing and marketing its technology to its customers engaged in fine pitch flip chip assembly.

The Group wishes to announce that its 41% owned associate company, Curiox Biosystems Pte Ltd has set up a wholly owned subsidiary in San Francisco, USA. Curiox, USA will drive its technology into the USA and Europe and at the same time seek and establish alliances with partners to expand research and applications of its technology in these countries. The CEO who is an inventor of Curiox s technology will be based in this USA office. Curiox s patented DropArray technology has been fully validated by one of the world s largest drug companies in USA and the biggest pharmaceutical company in Japan.

www.zicomgroup.com

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

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ASX Company News: Ludowici Receives Takeover Offer From FLSmidth

Tuesday, January 24th, 2012

Ludowici Limited (LDW) and FLSmidth & Co. A/S have entered into an agreement in relation to a proposal received from FLSmidth to acquire 100% of Ludowici shares at $7.20 cash per share (less any dividends paid by Ludowici before the transaction is completed) by way of Scheme of Arrangement. FLSmidth is a $3.5 billion global engineering company providing one source plant, systems and services to the minerals and cement industries.

Phil Arnall, Chairman of Ludowici, commented “The Board was very pleased to receive and review this approach as it represents a premium of more than 100% to the current share price and vindicates the Board’s belief in the value of the company.”

Under the Process Agreement, the Board of Ludowici has granted confidential due diligence to FLSmidth on an exclusive basis for a period of seven weeks and the parties have agreed to negotiate the terms of a detailed Scheme Implementation Agreement which will reflect key commercial terms which have been agreed in the Process Agreement. The Board has agreed not to solicit alternative

proposals and to pay a break fee in certain circumstances, the precise terms of which together with other important aspects of the transaction are set out in the attached Process Agreement. If the transaction proceeds, the Board expects completion to occur in May 2012.

www.ludowici.com.au

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

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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: Austin Engineering Secures New Truck Body Order

Tuesday, November 15th, 2011

The Directors of Austin Engineering (ANG) are pleased to announce the award of a significant contract from one of our major resource customers in Chile for the supply of dump truck bodies. The contract is for the supply of 52 high-performance bodies, valued at approximately USD 10.5m, for one of the customer’s main mine sites in northern Chile. Manufacture of the dump truck bodies will commence immediately with the first deliveries being made in November 2011.The Company is expecting further orders from this client in early 2012 for a new mine in the region. The company is also pleased to announce its first order from Bolivia for 10 truck bodies with delivery in the second half of the current financial year.

Commenting on the award of the contracts, Managing Director Michael Buckland said “These contracts are another important step in the strategic positioning of Austin and its range of products and services in the South American mining market, following on from the multi-year Xstrata-Peru contract announced in June 2011. The flexibility and increased productive capacity of the new ‘La Negra’ workshop facility in Antofagasta enables significant contracts such as these to be taken on board with confidence”. “Engineering and initial manufacturing activities are already underway in order to enable deliveries to commence in November 2011. These contracts, together with other contracts already secured or in the process of being tendered for, are expected to lead to high levels of workload and capacity utilisation for the Chilean operation over the second half of the FY11/12 financial year, with this bias of workload being similar to our other operations”.

Austin Engineering Limited is an engineering company with manufacturing facilities in Australia, the USA, South America, Indonesia and the Middle East. The Australian facilities manufacture, assemble, repair and maintain (on and off-site) products used in the mining and resources sector. Key product lines include dump truck bodies, large service vehicles, excavator buckets, materials handling equipment, mineral processing equipment, industrial radiator and cooling products as well as large structural steel projects. The USA facility (Westech) based in Casper, Wyoming, services the North and South American mining markets and is an industry-leading designer and manufacturer of specialised lightweight dump truck bodies.

www.austineng.com.au

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

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ASX Company News: Clough Awarded Contract Extension By ConocoPhilips

Thursday, October 20th, 2011

Engineering and construction company Clough Limited (CLO) announced that Clough AMEC has been awarded a two year contract extension by ConocoPhillips to provide operations and maintenance services to the Bayu-Undan facilities located in the Timor Sea. The contract extension has an estimated value of AU$100 million.

Clough AMEC is an incorporated joint venture established to provide engineering, operations and maintenance services to clients in the Australasian hydrocarbons industry. The joint venture has provided operations and maintenance services to the Bayu-Undan facilities since July 2004.

“We are delighted to continue our long-term relationship with valued client ConocoPhillips on this important contract” said John Smith, Clough CEO.  “Clough AMEC has a long history of supporting ConocoPhillips on Bayu Undan and this award reinforces the strength of our relationship and our commitment to the successful operation of this facility” said AMEC Director Australia and South EastAsia, Steve Ciccone

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service to oil and gas and minerals projects in Australia and South East Asia. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance.

AMEC is a focused supplier of consultancy, engineering and project management services to its customers in the world’s oil and gas, minerals and metals, clean energy, environment and infrastructure markets. With annual revenues of around £3 billion, AMEC designs, delivers and maintains strategic and complex assets and employs more than 27,000 people in around 40 countries worldwide.

www.clough.com.au

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

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ASX Company News: Neptune Marine Sells Fabrication Division

Wednesday, September 28th, 2011

Neptune  Marine  Services  Limited  (NMS)  is  pleased  to  announce  it has  entered  into  an  agreement  to  sell  the  Company’s  Australian  fabrication  division  to  privately  owned engineering group Kempe Engineering. Kempe  Engineering  will  purchase  the  business  for  approximately  $0.4  million  while  Neptune  will retain  the  existing  lease  commitments  through  to  their  expiration  in  September  2012.

Neptune  Chief  Executive  Officer,  Robin  King,  said  the  sale  of  the  fabrication  business  represented one of the final milestones in the restructure of Neptune’s businesses and assets.

Mr King said despite the fabrication business having a good team, it had underperformed financially under Neptune’s control as it was not core to operations. He said he believed the strengths of the business  could  be  better  utilised  by  an  engineering  specialist  such  as  Kempe  Engineering,  who  can integrate the division with its existing operations.

Kempe Engineering is a privately owned group of companies headquartered in Geelong, Victoria, that is a leading world class global specialist engineering company providing engineering, technology and construction,  maintenance  services  and  process  equipment  to  the  major  resource  industries.  It employs approximately 2000 staff.

www.neptunemarine.com.au

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

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ASX Company News: MacMahon Holdings Awarded Underground Mining Contract

Monday, August 22nd, 2011

Macmahon Holdings Limited (MAH) is pleased to announce that it has been awarded a two-year underground engineering construction contract valued at approximately $110 million at the CSA Mine for Cobar Management Pty Ltd (CMPL), a subsidiary of AG Glencore International. The CSA Mine is an underground copper mine located in Cobar, in central western New South Wales. The contract will see Macmahon undertake the project works as a complete turnkey contract. This will include all engineering design, fabrication, procurement, construction and management of the extension and upgrade of the CSA No. 1 Shaft. The project will require approximately 70 people to be employed on site. The scope of work includes extension of the existing shaft from 1050 metres to 1550 metres including ground support and concrete lining; equipping the shaft for hoisting to the surface including steel guides and services; construction of a new head frame and installation of a tower mounted friction winder; and construction of a new underground materials handling system including crusher, ore bins, conveyors and loading station. On completion, the new underground materials handling and shaft hoisting system will have a capacity of 1.6 million tonnes per annum from a depth of 1500 metres.

Macmahon Chief Executive Officer, Nick Bowen, said the contract win is an excellent outcome for the business. “It is particularly pleasing to be able to combine all facets of our capability including in-house mechanical, structural and electrical engineering, design, fabrication and on-site construction to deliver CMPL a quality solution to a complex project,” Mr Bowen said. The project will be delivered by the Engineering division, which was previously part of the Underground division. The Engineering division will target projects such as this and the growth opportunities that exist in the market. “This expanded focus reflects that all facets of the underground division are expanding, with recent contract awards spanning all our key services, including raise drilling, underground construction and specialised services. These awards add further depth to our already strong portfolio of work across Australia.

Macmahon is a leading Australian contract mining and construction company with major projects throughout Australia, in New Zealand, Asia and Africa. An ASX/S&P 200 company, Macmahon has played a major role in the delivery of many of Australia’s largest multi-disciplinary mining and construction projects throughout its 48 year history. Employing more than 3500 people, Macmahon offers the full range of underground and surface mining services and comprehensive construction capabilities spanning transport, marine, water and resource infrastructure services.

www.macmahon.com.au

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

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ASX Company News: Downer EDI Secures Rail Car Contract

Thursday, July 21st, 2011

Downer EDI Limited (DOW) announced  that it had been awarded a contract, through a 50:50 joint venture with Bombardier Transportation Australia, with Western Australia’s Public Transport Authority (PTA) for the supply of passenger rail cars. The value of the contract is more than $160 million, of which Downer’s share is in excess of $80 million. Downer Bombardier will supply 15, three car, single-deck electric trains to grow the PTA’s existing B Series fleet. The trains will be manufactured at Downer’s facility in Maryborough.

The Chief Executive Officer of Downer, Grant Fenn, said today’s announcement builds on Downer’s strong and long standing relationship with the PTA. “Downer Bombardier has been supplying the PTA with trains since 1991 and we are very pleased to continue our partnership in order to provide essential services to the people of Perth and the state’s growing public transport network.”

Downer’s Rail division has over 100 years’ experience and is the leading provider and maintainer of passenger and freight rolling stock in Australia. The division’s broad range of capabilities and expertise includes passenger cars, locomotives, freight wagons and light rail. 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 BEC Engineering

Sunday, July 3rd, 2011

International infrastructure services group, Cardno Limited (CDD), which recently forecast another record profit for the 2011 financial year, announced the acquisition of BEC Engineering (BEC), a 100 person electrical engineering firm based in Perth with additional offices in Brisbane and Tanzania. BEC provides electrical engineering services primarily to the resources sector ranging from feasibility studies through project design, to construction, commissioning and operations. BEC has a proven capability across all aspects of electrical design, instrumentation, power systems, power generation/transmission and distribution, control and communications systems with an expert team of engineers, technicians, programmers, draftspersons and site support staff. Cardno will pay $45 million to acquire BEC including an earn-out of up to $1 million. The acquisition is earnings per share accretive in FY12.

The Managing Director of Cardno, Andrew Buckley said, “BEC brings to Cardno specialized electrical engineering expertise in the mining and resources sector, an area into which we have been planning to expand for some time. BEC specialist services will also provide opportunities for further growth through cross selling with our other businesses”.

Cardno is an integrated professional services provider, delivering the specialist expertise necessary to create and improve the physical and social infrastructure that underpins communities around the world. Cardno’s team includes leading professionals 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: Clough Secures LNG Project Construction Contract

Tuesday, August 31st, 2010

Engineering and construction company Clough Limited (CLO) announced that the BAM Clough Joint Venture has received a Letter of Intent from Chiyoda JGC Joint Venture to proceed with the design and construction of the LNG and condensate offloading jetty for the PNG LNG project. The contract is valued at approximately US$258 million.

Engineering, procurement and planning work for the project has already commenced under a separate advanced work order. The LNG and condensate jetty will be constructed adjacent to the planned LNG facility twenty kilometres northwest of Port Moresby on the coast of the Gulf of Papua, utilising an anticipated workforce of up to 500. The scope includes the design and construction of a 2.4km long trestle with substation platform, loading platform and single berth. BAM Clough JV is a 50/50 joint venture between BAM International bv and Clough Limited. Established in 1965, the joint venture has successfully delivered a number of similar projects in that 45 year period.

“After a nine month tendering period, we are delighted to be selected by Chiyoda JGC JV and ExxonMobil to execute this work with our long-term JV partner, BAM International” said Clough’s Chief Executive Officer, John Smith. “Clough has been operating in Papua New Guinea for 26 years and this award represents Clough’s third contract for ExxonMobil’s PNG LNG Project. It is a world class project and we will work diligently with our partner to deliver a successful outcome for the Chiyoda JGC JV and the ultimate customer ExxonMobil”.

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service primarily to oil and gas projects in Australia, South East Asia and the USA. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance.

www.clough.com.au

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

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