1. Most Discussed
  2. Gainers & Losers
  1. HotCopper will be undergoing Maintenance on 2-Nov from 3:00 AM AEST - 4:00 AM AEST. The system may be unavailable at times during that window.
  2. Join HotCopper today

    HotCopper is the largest stock market forum in Australia with over 250,000 registered members and more than 6,000 posts per day. Membership is FREE. Join now!

DOW 0.0¢

Ann: GENERAL: DOW: Downer announces Engineering w

  1. NZX News

    5,716 posts.
    • Release Date: 23/02/12 13:52
    • Summary: GENERAL: DOW: Downer announces Engineering work worth over $425 million
    • Price Sensitive: No
    • Download Document
    					
    
    DOW
    23/02/2012 11:52
    GENERAL
    
    REL: 1152 HRS Downer EDI Limited
    
    GENERAL: DOW: Downer announces Engineering work worth over $425 million
    
    Media/ASX and NZX Release
    23 February 2012
    
    DOWNER ANNOUNCES ENGINEERING WORK WORTH OVER $425 MILLION
    
    Downer EDI Limited (Downer) today announced that it had secured contracts
    collectively valued at over $425 million in Queensland, Victoria and Western
    Australia.
    
    These contracts have been awarded in the 2012 financial year and include
    electrical and instrumentation projects as well as structural, mechanical,
    piping and engineering work.
    
    The Chief Executive Officer of Downer, Grant Fenn, said these project wins
    strengthened Downer's work pipeline and highlighted the large number of
    opportunities for Downer Australia.
    
    The new projects include:
    
    o above ground electrical and instrumentation work for Gindalbie Metals at
    the Karara Iron Ore Process Plant in Geraldton, Western Australia valued at
    $64 million;
    
    o installation of accommodation and process modules for Origin Energy on the
    Yolla off-shore platform in Bass Strait with Downer providing project
    planning and logistics support, workshop fabrication of process piping and
    structural elements as well as the on-rig installation. This contract is
    valued at more than $60 million and represents a significant portion of the
    Yolla Mid Life Expansion Program;
    
    o contracts for design, construction and testing of new substations and new
    switchyards valued at approximately $85.5 million; and
    
    o design and consulting, and specialist services work collectively valued at
    more than $120 million. This includes feasibility studies, process design,
    design engineering, project execution and delivery, and process equipment
    design and supply undertaken by CPG Resources. Downer Australia's Specialist
    Services include facilities and water management and electronic ticketing.
    
    For further information please contact:
    Michael Sharp, Group Head of Corporate Affairs and Investor Relations  +61
    439 470145
    Sonja Kukec, Manager Corporate Affairs    +61 437 766483
    
    Downer EDI Limited (www.downergroup.com) provides comprehensive engineering
    and infrastructure management services to the public and private Minerals &
    Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and
    Property sectors across Australia, New Zealand and the Asia Pacific region.
    End CA:00219927 For:DOW    Type:GENERAL    Time:2012-02-23 11:52:40
    
    				

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.