Downer EDI Secures Over $400 Million Worth Of New Contracts
Tuesday, 10 November 2009
Downer EDI Limited (Downer) today announced its Engineering division has secured more than $400 million worth of contracts including a two-year contract valued at $170 million with Wesfarmers Curragh Pty Ltd (as a significant component of the expansion of its Curragh Mine in Central Queensland) and more than $90 million worth of contracts with BHP Billiton Iron Ore at its Rapid Growth Phase 5 Project in Western Australia.
Downer has also secured more than $70 million worth of electrical and instrumentation contracts for the Woodside Pluto LNG Project and additional electrical contracts with clients totaling more than $75 million.
Downer EDI Managing Director and CEO, Geoff Knox, said the new contracts demonstrate the robustness of the Group’s business model and provide a sound indication of the prevailing opportunities for the company in the mining, oil and gas, and petrochemical industries.
“These wins reinforce Downer’s position as a leading provider of mechanical and electrical contracting services,” Mr Knox said.
“The Curragh project, scheduled to commence in December this year, includes design and construction of a stand alone coal-processing facility to increase the mine’s total processing capacity to 2300 t/h. The project also involves tie-ins to existing brownfields infrastructure.
“We have also further grown our long-term relationship with BHP Billiton, securing contracts totaling more than $90 million with BHP Billiton Iron Ore, to provide electrical and instrumentation services for the Rapid Growth Phase 5 Port Handling Services Project at Port Hedland,” Mr Knox said.
The company’s work-in-hand remains in excess of $16 billion.