Civmec - Maybank Research 2023-01-10: Order Book Boost

Civmec - Order Book Boost

Published:
CIVMEC LIMITED (SGX:P9D) | SGinvestors.ioCIVMEC LIMITED (SGX:P9D)
  • Civmec (SGX:P9D) has clinched a major contract worth >AUD330m (represents more than 1/3 of our order win assumption) for the Rio Tinto Western Range Project at Rio’s Paraburdoo site in the Pilbara region of Western Australia. This lifts Civmec’s order book above AUD1.15b, and will provide clear revenue visibility for at least the next 12 months.

Testament to long-standing relationship with Rio

  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -
  • To tie into the existing plant, the brownfield scope includes extensive modification to the current Paraburdoo COS and downstream conveying system.

Project scheduled for completion in 1H FY25



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