- Civmec (CVL) secures three new contracts, taking its order book to $1.2 billion
- The new contracts are for manufacturing, construction and maintenance activities at Albemarle’s proposed lithium project in Kemerton, Western Australia
- Civmec says by supplying all materials, labour, management, plant and equipment, it will be boosting its employment rate by more than 200 people
- The Albermarle contracts total $100 million and are in addition to work secured with Fortescue Metals Group (FMG) for work at its Iron Bridge and Cloudbreak project in Western Australia
- CVL shares are up 0.7 per cent to 71.5 cents at market close today
Dual-listed Singaporean-Australian construction engineering company, Civmec (CVL) has secured three new contracts, tipping its order book to $1.2 billion.
The new contracts are for manufacturing, construction and maintenance activities at Albemarle’s proposed lithium project in Kemerton, Western Australia.
This project is anticipated to become one of the world’s largest lithium production facilities.
After constructing the first two trains at the project, Civmec’s CEO Patrick Tallon said the company was “very pleased” to continue its relationship with Albermarle.
Civmec will be in charge of fabricating 25 carbon steel tanks for the project, as well as the earthworks and concrete works for the site.
The civil works are expected to require over 25,000 cubic metres of concrete. Civmec said supplying all the materials, labour, supervision and management, plant and equipment would see more than 200 people employed.
“The award of these contracts is testament to how our teams continue to deliver successful projects for our clients.
“These contracts are for the fifth lithium project that we have been involved in, demonstrating how we are making a positive contribution to decarbonising the world’s energy supplies,” Mr Tallon said.
The Albermarle contracts follow on from work secured with Fortescue Metals Group (FMG) at both its Iron Bridge and Cloudbreak operations in Western Australia.
Meanwhile, CVL secured a number of awards across its maintenance division, which Mr Tallon said reaffirms the teams ability to demonstrate value to its clients.
“These maintenance contracts are an integral part of our long-term strategy to build a recurring and sustainable stream of income,” Mr Tallon said.
CVL shares were up 0.7 per cent to 71.5 cents at market close today.