Enzo Gullotti

Perth-based Global Construction Services today announced a range of restructuring measures including branch closures and staff redundancies in response to weakness in its residential and commercial divisions.

The state government has given New Energy Corporation environmental approval for a $184 million waste-to-energy plant proposed for Port Hedland, but the company, and other proponents of similar plants, are yet to overcome significant funding, waste supply, and energy off-take hurdles.

Global Construction Services has won a new contract to provide all of the onshore and offshore scaffolding works for Woodside Petroleum’s North West Shelf project.

It takes more than a winning idea to be able to call yourself an entrepreneur."An entrepreneur will see things as they could be, or should be, and make it happen"; that's the definition Hegney Property Group founder Gavin Hegney assigns to the (now) commonly used term.

Global Construction Services has been awarded a further $9 million worth of formwork and concrete works at the second office tower at Brookfield Place.

Global Construction Services has been awarded $15.5 million in new contracts in the Perth metropolitan area.

Global Construction Services has received a first strike against its remuneration report, with shareholders also protesting against the re-election of executive director George Chiari.

New Energy Corporation has furthered its bid to build a waste-to-energy plant in Rockingham by securing its first waste supply contract.

Two Western Australian companies pushing waste to energy projects worth more than $710 million are planning to start construction within the next year.

New Energy Corporation’s plans to build two Western Australian waste-to-energy facilities have received a boost after the company secured up to $50 million in senior debt from the Clean Energy Finance Corporation.

Takeover speculation continues in the state’s equipment hire sector, with plenty of interest in Global Construction Services.

Redcliffe-based labour and equipment hire business Global Construction Services has secured $14 million through a placement with a Brookfield Asset Management private equity fund, as part of a strategic partnership.

Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.

Global Construction Services has won an exclusive equipment and labour hire agreement with Brookfield Multiplex.

Global Construction Services has won a scaffolding contract for the Sino Iron project by Citic Pacific Mining.

Global Construction Services has won an extension to its contract to provide all of the onshore and offshore scaffolding works for Woodside Petroleum’s North West Shelf project.

New Energy Corporation has finalised a deal with the City of Karratha that will result in waste from the Pilbara's two biggest cities being diverted to its $200 million waste-to-energy plant in Port Hedland, which is expected to be operational by the end of 2017.

Global Construction Services has continued to withhold declaring a dividend despite reporting a 7.1 per cent rise in net profit to $8.7 million for the 2015 financial year, but says it hopes to deliver a payout next year.

Decmil Group founder and director Denis Criddle has spent another $500,000 buying shares in the contracting company, adding to a string of big trades by company directors includng his son Scott Criddle, Chris Ellison, John Rothwell and Enzo Gullotti over the past month, according to BNiQ data.

Perth-based New Energy Corporation has signed a contract to manage waste in the Town of Port Hedland utilising its $200 million waste-to-energy plant, which is due to open in 2018.

Decmil Group and Global Construction Services have swung into the red on the back of large write-downs and restructuring costs, but both are upbeat on the year ahead.

Global Construction Services will pocket $17.5 million when it completes the sale of its stake in Melbourne-based SmartScaff.

Probuild has awarded Perth-based Global Construction Services a $59 million contract for work on the $500 million Ritz-Carlton hotel and The Towers apartments project at Elizabeth Quay.

Global Construction Services has received a $27.5 million contract for work on the first stage of Scentre Group’s Westfield Carousel shopping centre redevelopment.

Global Construction Services hopes to gain more exposure to the commercial construction sector on the east coast through the acquisition of a Melbourne-based business for $18.4 million in cash and scrip.

Global Construction Services has entered into an agreement for the sale of its equipment hire division to Onsite Rental Group for an undisclosed sum.

Global Construction Services is still negotiating the sale price for its equipment hire business to Onsite Rental Group, but says the division accounted for less than 10 per cent of the group’s total revenue.

Two companies pursuing ambitious waste-to-energy projects in WA remain positive despite hitting problems with their original engineering partners.

Global Construction Services has announced the SRG Global Merger of Equals to create a leading global specialist engineering, construction and maintenance group. It has acquired 100% of the ordinary shares in SRG.

Wayne Zekulich has been appointed an independent non-executive director of Pantoro. Mr  Zekulich has a broad range of experience on mergers and acquisitions, arranging and underwriting project financings, privatisations, and debt & equity capital markets.