Wednesday, 6 January, 2021 - 14:00
Civmec buoyed by defence works
Construction of 10, Arafura-class offshore patrol vessels has helped boost Civmec's $1.1 billion order book as record spending has flowed into the defence sector.
Civmec is a public-listed company on the SGX and ASX with its headquarters in Henderson, Western Australia.
It is an integrated multi-disciplinary construction and engineering services provider to the oil and gas, metals and minerals, infrastructure and marine and defence sectors.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
334th | Breville Group | 42.86% | 15.91% |
335th | Ansell | 42.8% | 4.92% |
336th | Civmec | 42.62% | 30.1% |
337th | Jupiter Energy | 42.36% | 23.28% |
338th | MAAS Group Holdings | 41.8% | 0% |
Rank | Company | # | |
---|---|---|---|
7th | ![]() |
Austal | $1.55bn |
8th | - | Seven West Media | $1.43bn |
9th | ![]() |
SRG Global | $1.07bn |
10th | ![]() |
Civmec | $1.04bn |
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NEWS: Tagged in Billions ahead for Henderson defence hub | 16 Oct 2024 |
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NEWS: Tagged in Civmec inks Luerssen Australia deal | 15 Oct 2024 |
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NEWS: Tagged in Dock call could shape Henderson | 09 Oct 2024 |
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Construction of 10, Arafura-class offshore patrol vessels has helped boost Civmec's $1.1 billion order book as record spending has flowed into the defence sector.
Engineering company Civmec has secured the contract for the construction of the $6.3 million Kids’ Bridge connecting Perth Children’s Hospital with Kings Park.
ASX-listed contractor Civmec has secured new work across its maintenance, manufacturing, and construction divisions including with the likes of BHP and Rio Tinto.
Listed contractor Civmec has almost doubled its first-half net profit and earnings while declaring its first interim dividend.
The state government has shortlisted two consortia, led by local companies Decmil Group and Civmec, for the contract to build a $50 million bridge across the Swan River.
Civmec has secured three maintenance and capital works contracts worth $130 million with mining majors Rio Tinto and BHP, taking its total order book to more than $1 billion.
Our board moves wrap includes Steve Herlihy, Robert Orr, Pay Lee Lee, Phil Hoskins, Trevor Benson, and Chris van Wijk.
Surging construction activity in the lithium sector will provide increased opportunities for local workshops and sub-contractors.
The state and federal governments have stumped up an extra $50 million to keep the Swan River Bridge project alive after the cost doubled.
Henderson-based contractor Civmec has won a suite of new work with BHP, Subsea 7, and Roy Hill.
A $100 million project to build a bridge across Perth's Causeway is gaining traction despite a delay to the scheduled construction.
Henderson-based contractor Civmec has started construction on its new Port Hedland mining facility.
A pedestrian and cyclist bridge over Perth’s Causeway is on track to be finished within two years after an assessment panel’s approval of the $100 million proposal.
Construction and engineering services provider Civmec has secured a $330 million contract for work at Rio Tinto's Paraburdoo mine site.
Matt Mckenzie with today's top stories including the record harvest, changes to national emissions policy, rising rental prices and a Civmec contract win.
Civmec has boosted its first-half net profits by 25 per cent and has recorded a positive cash position for the first time since 2016, according to its latest financial results.
A joint federal and state government event to mark the beginning of a Perth City Deal project has been overshadowed by complaints from Lord Mayor Basil Zempilas.
Albemarle has strongly signalled it will proceed with an expansion of its Kemerton lithium plant after awarding work to Civmec and progressing plans for a $125 million accommodation camp.
Civmec boss Patrick Tallon says the company's "relentless focus" on cost containment amid high inflation and labour shortages has led to another strong set of financial results.
Local contractors will share in a raft of new work building the iron ore mine being developed by Rio Tinto and Chinese steel major Baowu Group.
Henderson shipbuilder Austal, construction and engineering company Civmec and Spain's Navantia Australia have joined forces in a bid to deliver six warships for the Royal Australian Navy.
Nadia Budihardjo and Claire Tyrrell discuss the onset of high-rise development in South Perth.
Lifeline WA, Bestbar Reinforcements and Topdrill were among the winners of the 2023 RISE Business Awards.
Global companies Metso and Weir Minerals and Perth firm Camco Engineering are leading a flurry of developments that will bring new jobs to Karratha and Port Hedland.
The dramatic downturn in the battery metals sector has forced Albemarle to slash spending, with one casualty being the planned expansion of its Kemerton lithium refinery.
Construction and engineering provider Civmec Limited increased its revenue by 17.5 per cent during the first half of the 2024 financial year.
WA’s largest iron ore miner boosted spend on Indigenous businesses by 35 per cent in 2023 as part of an $8.8 billion outlay across the state.
A Pilbara engineering company has taken Civmec to court over an alleged failure to pay for the work done at Rio Tinto’s Paraburdoo Western Range mine.
Shares in Henderson-based Civmec rose by 7 per cent early on Friday, following a positive third quarter for the 2024 financial year.
Construction and engineering company Civmec has been awarded a series of contracts and scope extensions, valued at $174 million.
Acting Prime Minister Richard Marles has backed Australia’s preparation for any potential conflict in the years ahead, on the first morning of the largest defence gathering in state history.
An as-yet-uncosted dry dock will be a necessary component of the Western Australia’s AUKUS partnership responsibilities, according to acting Prime Minister Richard Marles.
US-based Albemarle will shut down parts of its Kemerton lithium hydroxide operation, a move that impacts 300 local jobs and contractor Monadelphous.
One of the Australian Marine Complex’s largest landholders is building its service arm to generate a more sustainable revenue source.
Warship-scale deals could prove the catalyst to unlocking much-needed infrastructure on the Henderson waterfront.
Henderson-based Civmec has signed a deal to acquire Luerssen Australia, the shipbuilder contracted to make patrol vessels for the Royal Australian Navy.
An agreement between the state and federal governments will begin the process to develop a consolidated defence precinct at Henderson, with millions committed and billions of investment forecast.
Henderson-based Civmec has told shareholders to expect lower levels of activity during the back end of the 2025 financial year, citing delays to the awarding of key projects.
Civmec has pushed back the deadline of its deal for Luerssen Australia by six months but will accelerate its efforts to integrate its shipbuilding operations while the acquisition is finalised.
Henderson-based Civmec has reiterated concerns regarding a shift in market conditions, which it says could result in the delaying or re-scheduling of projects.
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