Inside Waste (Aug/Sep): Stability and continued growth
Under Dean’s 27-year leadership, Veolia has grown from strength to strength with numerous joint ventures and acquisitions under its belt, …
Neptune wins $14M NEPSYS projects in GOM
The company said the projects, which will utilise the company’s patented dry underwater welding technology NEPSYS, included repairs to an oil platform jacket leg and a column-to-mat connection on a cantilever mat rig.A team of 10 welder/divers, 12 construction/inspection divers and tenders, two dive supervisors and one project superintendent is expected to take 60 days of 24-hour operations to complete repairs to the oil platform jacket leg. Read more
Macmahon downgrades growth for FY09
The contractor said it expected growth of 10-15% for fiscal 2009, down from the 20-30% targeted in August.Macmahon chief executive Nick Bowen said the new forecast meant full-year profits were now expected to be between $54 million and $58 million. Read more
Pollock group director sentenced
The convictions relate to a revolving line of credit facility arrangement for $4.2 million dollars of hire purchase financing for heavy earthmoving equipment obtained from the National Australia Bank for a number of the Pollock Group companies. Read more
GCS acquisitions reach targets 14 months early
GCS acquired Newave Contracting and Blueline Contracting for a combined amount of $7.3 million in cash and shares. Under the settlement terms, $2 million of the cash payment was deferred until an agreed two-year EBITDA milestone had been achieved. Read more
Top Gear burns rubber on Abigroup road
The popular series used Australian engineering and contracting company Abigroup’s two-lane segment of Pacific Highway in New South Wales to test-drive the 2009 model Nissan GTR.Abigroup’s section of highway, running from Karuah to Bulahdelah, was opened to the public on October 31, and is the first of many project stages, according to the company. Read more
Price rises at Cummins
Cummins said it would increase the price of its generator sets and transfer switches in North America by between 2% and 7%. Cummins generator sets are used for continuous, prime and standby power in a variety of commercial and industrial applications. Read more
Monadelphous wins coal contract
The company received a notice of award for work on both the stockyard and high-voltage infrastructure at the $818 million expansion project, which will double the overall throughput at Abbot Point coal terminal to 50 million tonnes per annum. Read more
Industry Report – Projects
QUEENSLANDRESOURCESAbbot Point X50 Expansion Stage 3, Bowen (current)Principal: Ports Corporation of QueenslandScope: 500m berth 2.9km offshore involving 205 piles, 9500t of structural steel, 2.9km jetty conveyor and transfer towers, structural, mechanical and electrical works; Read more
Industry Report – Contracts
Monadelphous won the $76 million electrical and structural works contract at the Abbot Point coal terminal in Queensland, Decmil was awarded a $30.5 million construction contract at Woodside’s Pluto liquefied natural gas project and Downer EDI gained a $35 million engineering services contract at BHP Billiton’s rapid growth project at Newman. Read more