CONSTRUCTION and engineering group Civmec Limited on Monday (Jul 1) said it has bagged multiple projects with a combined contract value of approximately A$174 million (S$157.5 million).
These include a “significant” contract for the supply, manufacture and offsite assembly of a new shiploader for the Dalrymple Bay Terminal in Queensland, Australia, said Civmec, which is listed in Singapore and Australia.
“The project will create significant opportunities for local employment and subcontracting, reinforcing Civmec’s commitment to contributing positively to the communities in which we operate,” it said.
It also follows the recent completion of manufacturing a shiploader for the Hay Point Coal Terminal, noted Patrick Tallon, Civmec’s chief executive officer, in a bourse filing.
Additionally, the group said it recently secured a number of new contracts and work orders under existing term contracts and framework agreements across Australia. These include a shiploader travel bogie changeout project, as well as risk management and inspection services in Western Australia; wharf remediation activities on the country’s east and west coasts; and balance machine design and investigative work.
There is ongoing shutdown and maintenance work throughout Australia as well, and the group’s plans for a new east coast maintenance hub in Gladstone is progressing, said Civmec.
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“(This) is expected to further add to Civmec’s growth across the maintenance service sector nationally,” it said.
At the same time, Civmec said additional scopes of work were added to “numerous” existing manufacturing and construction contracts and tendering activities remain at “historically high levels”.
“(This will provide) significant opportunities for both order book replenishment and growth in the medium and longer term,” said the group.
Tallon added: “We have made significant investments into our capabilities over the years, enabling successful delivery of a wide range of materials handling equipment for many clients and commodities.”
Shares of Civmec closed at S$0.83 on Monday, up 1.2 per cent or S$0.01.
