Investors + Media Announcements 2008 AusGroup Secures AUD$21.0 million Contract
AusGroup Secures AUD$21.0 million Contract
05 June 2008
- Contract to fabricate a twin cell car dumper and iron ore wagon indexer for unloading of iron ore trains.
- has established a track record for building complex car dumpers for the iron ore majors.
AusGroup today announced a new major contract in excess of AUS$21.0 million. This brings the total order book for the Group to AUD$200.0 million.
The contract is to fabricate a twin cell car dumper and iron ore wagon indexer for unloading of iron ore trains delivering ore to a new iron ore facility at Port Hedland in the Pilbara region of Western Australia. This is a repeat order from an existing customer.
AusGroup will commence work immediately and expects delivery by June 2009.
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"The growth momentum in Australia's mining sector continues to be strong. We are experiencing strong demand for our services, particularly in the areas of fabrication for car dumpers where we have established a strong track record for cost-effective timely delivery. Our twin exposures to the minerals and oil and gas development boom in Australiasia will continue to propel our growth forward." Mr John Sheridan, Managing Director of AusGroup Ltd |
