Posts Tagged ‘UGL’

    • ASX Company News: UGL Secures $250 million New Rail Freight Orders

    Tuesday, November 2nd, 2010

    UGL Limited (UGL) announced that it has secured a number of significant rail freight orders with blue-chip customers, valued at approximately $250 million.

    These freight supply and maintenance orders include:

    • • Supply of 6 x C44ACi locomotives and 227 wagons to a leading rail operator in Australia;
    • • Supply of 9 x GE Evolution locomotives to Rio Tinto in WA;
    • • Supply of 450 x locomotive bogie frames to GE to serve the Commonwealth of Independent States (CIS) market;
    • • A new 5-year locomotive service and support agreement with Rio Tinto in WA; and
    • • A new 5-year locomotive service and parts agreement with a major WA iron ore customer.

    UGL’s Managing Director and CEO, Richard Leupen, said: “We are pleased to be entering into a number of strategic partnerships with leading rail and resources related customers.  These agreements demonstrate our ability to provide high quality, cost effective and flexible solutions for our customers.

    “They also strengthen our leadership position in the rail industry while building on our comprehensive rolling stock delivery and asset management capability.  Mr Leupen added: “Our rail business continues to see clear signs of a recovery in sales enquiries on the back of strengthening resources sector conditions. We also anticipate a healthy expansion in our rail business across the 2011 financial year.”

    www.ugllimited.com

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

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    Dividends: UGL Ex Dividend On 27/8/2010

    Monday, August 23rd, 2010

    UGL Limited (UGL) will go ex dividend on 27/8/2010. The current dividend payment is 35 cents and it is 100% franked. The record date is 2/9/2010 and the dividend will be paid on 17/9/2010. Based on the full year payment the dividend yield is 4.4%.

    *Current Yield: 2.4% Franking: 100% DRP Discount: Not Available

    UGL Limited

    *Yield has been calculated on the closing price on the 19/8/2010. Current yield is based on the current dividend payment only.

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    ASX Company News: UGL Limited Secures $500 million Esso Maintenance Contract

    Friday, July 23rd, 2010

    UGL Limited (UGL) announced that it has, in a 50:50 joint venture with KAEFER, been awarded a new seven year General Maintenance Services and Field Managed Modifications contract with Esso Australia, valued at approximately $500 million. The multi-disciplinary maintenance and  inor project services to be delivered include mechanical, electrical and instrumentation, scaffolding, painting, insulation, civil, procurement and planning services. The integrated services contract covers a number of Esso’s operating facility locations in Victoria including 21 offshore oil and gas processing platforms, 2 onshore plants, a marine terminal and onshore pipelines.

    UGL’s Managing Director and CEO, Richard Leupen, said: “This is a very significant win for the company and extends our position as a leading oil and gas maintenance services provider in Australia.  We are very pleased Esso has chosen us as a key partner on this marquee contract. This win also positions us well to capitalise on a large and long pipeline of oil and gas maintenance projects ahead.”  Mr Leupen added: “Across the group, UGL’s work in hand is now approximately $9 billion underpinned by a strong pipeline of near term opportunities. Our essential services focus continues to deliver healthy forward workloads, visibility and stability across the group.”

    UGL (UGL) is an engineering, maintenance and facilities management company operating in the rail, water, power, transport, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services (incorporating UGL Premas, UGL Equis and UGL Unicco). Headquartered in Sydney, Australia, UGL operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 41,000 people.

    www.ugllimited.com

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

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    UGL Secures TransGrid Substation Upgrade Project

    Thursday, May 20th, 2010

    UGL Limited (UGL) today confirmed it has been awarded the TransGrid Beaconsfield West 330/132kV Substation Upgrade Project, with the contract valued at approximately $88 million.  The project includes rebuilding and expanding the existing Beaconsfield West Substation, a key component of TransGrid’s high voltage network. The Beaconsfield West Substation supplies power to Sydney’s inner metropolitan area and central business district.

    UGL Managing Director and CEO, Richard Leupen, said: “These high profile and ongoing successes in our power business support our reputation as one of Australia’s best power system contractors. “The Beaconsfield West Substation win comes off the back of our significant involvement on the Western 500kV Project – one of TransGrid’s largest capital works projects. We are pleased TransGrid has chosen UGL as its partner of choice on this redevelopment project.”

    Mr Leupen added: “UGL’s Infrastructure business continues to experience strong levels of activity and our tendering pipeline is particularly encouraging. Since October 2009, the group has secured over $600 million of new power, water, transport and communications infrastructure projects.”  Project works at the Beaconsfield West Substation Project commenced on 29 April 2010, with completion of the project scheduled for the fourth quarter of 2012.

    www.ugllimited.com

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    UGL Secures $100 million Train Order

    Tuesday, April 20th, 2010

    UGL Limited (UGL) today announced that its rail division has secured new freight rolling stock and wagon orders with QR Limited, valued at $100 million. The manufacturing and delivery orders include 4 x C44ACi locomotives for operation in the Hunter Valley; 160 x QHBH freight wagons for operation in the Hunter Valley; and 200 x VCB freight wagons for operation in the Bowen Basin. The manufacturing and delivery of these orders with QR will be undertaken through a number of the company’s Australian rail facilities including those in New South Wales and Queensland.

    UGL’s Managing Director and CEO, Richard Leupen, said: “These recent successes in our rail  business reflect the continued strength in the resources sector and expanding opportunities currently being experienced in the Australian freight market. They also reflect our ability to efficiently source and deliver high quality, cost effective and reliable rail freight solutions to our customers. We are pleased that QR has chosen to expand their long association with UGL.” Mr Leupen added: “The business is currently experiencing a near record level of tendering activity across all of the company’s operations supporting increasing levels of visibility and confidence as we move forward.”

    UGL (UGL) is an engineering, maintenance and facilities management company operating in the rail, water, power, transport, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services (incorporating UGL Premas, UGL Equis and UGL Unicco). Headquartered in Sydney, Australia, UGL operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 41,000 people.

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    UGL Awarded $120 million Melbourne Water Corporation Contract

    Wednesday, February 3rd, 2010

    UGL Limited (UGL) announced that it has been nominated by Melbourne Water Corporation as preferred construction partner, in Joint Venture with Baulderstone, for the planned upgrade of the Eastern Treatment Plant in the south east suburb of Carrum.

    UGL and Baulderstone will form an Alliance with Black & Veatch, KBR and Melbourne Water to undertake this $380 million project. UGL’s share of the project is approximately $120 million. Melbourne Water is owned by the Victorian Government and provides wholesale water, sewage and recycled water services, and manages waterways and major drainage systems in the Melbourne metropolitan area and beyond. This upgrade will significantly improve the quality of treated water discharged into Bass Strait.

    The project is subject to a final round of Government approval and is expected to commence by the middle of this year. A contract with Melbourne Water is expected to be finalised once this approval has been received.  The upgrade will be completed by the end of 2012 followed by a further two years of operations and maintenance services. UGL and its Alliance partners will provide design and construction services and will also participate in the initial operation and maintenance phase of the project in conjunction with Melbourne Water.

    UGL’s Managing Director and CEO Richard Leupen said the company stands to benefit from increased spending in the infrastructure sector with a healthy pipeline of tendering opportunities currently being pursued.  He said UGL’s strategy of pursuing Alliance style projects gives UGL the capabilities and scale to pursue larger infrastructure projects.

    The project with Melbourne Water also further strengthens UGL’s recurring revenue base.

    www.ugllimited.com

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    UGL Limited Secures Queensland Rail Deal

    Friday, January 29th, 2010

    UGL Limited (UGL) announced that it continues to strengthen its presence in the rail sector with a new contract to supply 15 new C44ACHi locomotives and 160 freight wagons for QR Limited’s coal haulage expansion in the Hunter Valley. Work has already commenced on the projects with delivery of the first locomotives in December 2010 and the freight wagons from April 2010. UGL has been partnering with QR on manufacturing and maintenance projects for over 20 years and this new project strengthens this ongoing relationship.

    UGL’s Managing Director and CEO Richard Leupen said the growth in the Australian coal market bodes well for UGL, and the group is well placed to benefit from increasing investment on capital equipment and infrastructure as producers look to increase production to meet growing demand from local and international customers.

    UGL is about to complete a locomotive build program for QR and this latest contract reflects the group’s status as a trusted longer term supplier to QR. It also further cements UGL’s position as one of Australia’s leading manufacturers and suppliers of rolling stock.  UGL’s work in hand in the rail sector is at near record levels. Since November 2009, the group has secured almost $460 million of new rail manufacturing, maintenance and infrastructure projects, and UGL is pursuing a number of growth opportunities both in Australia and overseas.

    www.ugllimited.com

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    UGL Limited To Manage Westpac’s Australian Property

    Thursday, January 28th, 2010

    UGL Limited (UGL) today announced that it has signed a Master Service Agreement with Westpac Banking Corporation Limited for the integrated management of Westpac’s Australian property, real estate, facilities and capital works services.

    UGL Services business has been contracted for an initial five years which can be extended to a total of nine years. The new agreement is in addition to property related works which UGL Services has been providing to Westpac and St George Banks in Australia for over four years. UGL Services now manages over 865,000 sqm2 of space on behalf of Westpac nationally and has a team of over 120 professional resources dedicated to delivering these services.

    The new contract is regarded as the most advanced end-to-end offering in the property and outsourcing sector and includes: general services, real estate services, facilities management, including client services and critical site management, data centres, workplace management, program management, finance and data management, contract governance and performance management, and transition works. UGL Services was awarded the contract following an independently conducted market procurement exercise, and was successful due to its scale, market leading systems, innovative services, its ability to provide a broader range of services under the one contract, and its proven track record in the financial services sector.

    UGL’s Managing Director and CEO Richard Leupen said that UGL Services continues to benefit from the growing trend for government departments and large blue chip organisations to outsource their non-core activities in order to lower their cost base. He said UGL Services has a successful track record in the financial services sector and this new partnership with Westpac confirms the group’s position as a market leader in outsourced property and BPO services.

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    UGL Secures $225 million Train Communication Contract

    Tuesday, December 22nd, 2009

    UGL Limited today announced that it has secured a new project to design, supply, install and maintain a state-of-the-art digital train radio system (DTRS) on NSW RailCorp’s electrified rail network. Design and installation works of the DTRS will occur over the first two and a half years, and UGL will provide a further five years of ongoing support and maintenance. The total contract is valued at $225 million. UGL will install and maintain the DTRS which will cover 1,455 kilometres of track, stables and rail sidings and 70 kilometres of rail tunnels across the Sydney metropolitan rail network. 675 train cabs will be fitted with onboard radios and interface equipment. The DTRS will enable communications between train crews, with other rail staff such as track workers and transit officers and freight operators. It can also be used by police and emergency services.

    UGL Managing Director and CEO Richard Leupen said this new project with RailCorp demonstrates UGL’s ability to provide leading technology solutions to passenger rail networks in major cities, and complements UGL’s extensive design, manufacturing and maintenance capabilities in the rail sector. “This is a major achievement for UGL and further cements our position as one of the leading integrated engineering services firms in the rail sector. Across a number of rail networks in major cities such as Hong Kong, Melbourne and Sydney we are providing a broad range of vital services, and this project with RailCorp strengthens our presence in the rail sector. “We are again delighted to be partnering with RailCorp on this project. Already we are providing ongoing maintenance services to the existing passenger fleet that services Sydney and our build program on the OSCars is continuing. This project significantly expands our scope of works with this very important and valued customer.

    UGL (UGL)is an engineering, maintenance and facilities management company operating in the rail, water, power, transport, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services (incorporating UGL Premas, UGL Equis and UGL Unicco). Headquartered in Sydney, Australia, UGL operates in Australia, New Zealand, Asia, North America and the Middle East and employs approximately 42,000 people.

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    UGL Secures $108 million Contract With XStrata

    Wednesday, November 18th, 2009

    UGL Limited (UGL) has continued to strengthen its position as Australia’s leading locomotive and wagon manufacturer and maintenance provider with $108 million of new supply and maintenance projects secured. The new orders include:

    • Design and manufacture of 10 C44ACi locomotives, incorporating technology from GE Transportation, for Xstrata Coal;
    • A 10-year maintenance program for these locomotives and a further 300 wagons.

    UGL Rail will service these orders from its Taree, Goulburn and Broadmeadow facilities, and the majority of the manufacturing and supply projects have already commenced.

    UGL Managing Director & CEO Richard Leupen said these orders underpinned UGL’s position as Australia’s leading provider of rolling stock products and services to the freight rail sector and augmented recent contracts wins in the passenger rail sector.

    “We are delighted to be partnering with leading organisations such as Xstrata Coal. UGL has worked with Xstrata Coal for many years and we continue to be instrumental in helping them achieve their commercial objectives.

    “The manufacturing and 10-year maintenance program with Xstrata Coal is a particularly pleasing development as it illustrates UGL’s ability to provide a total solution for our customers, and at the same time, lock in longer term, predictable revenue streams.

    “UGL’s Rail business continues to benefit from increased investment in Australia’s freight and bulk commodities markets. Given our expertise and experience in rolling stock design, manufacture and maintenance, we’re well-placed to support this investment.”

    Mr Leupen added that UGL’s Rail business has a strong pipeline of tendering opportunity in the Australian market and is assessing other opportunities in new and existing international markets.

    www.unitedgroupltd.com

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