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Acrow Formwork and Construction (ASX: ACF) wins Barangaroo Station order
  • Acrow Formwork and Construction (ACF) has received a significant order from BKH Group for the Acrow Powershore high load shoring system
  • The order is to be used as part of the formwork solution for the construction of the Sydney Metro Barangaroo Station
  • Exact quantities to be supplied are being finalised, however, the sale will be worth between $2- $3 million when completed
  • On market close, Acrow Framework is up 2.99 per cent, trading at 34¢ apiece

Acrow Formwork and Construction (ACF) has received a significant order from BKH Group for the Acrow Powershore high load shoring system.

The order is to be used as part of the formwork solution for the construction of the Sydney Metro Barangaroo Station.

Exact quantities to be supplied are being finalised, however, the sale will be worth between $2- $3 million when completed.

BKH is one of the major contracting firms operating throughout Australia and a specialist in formwork and concrete placements for the commercial, industrial, civil engineering, mining and residential sectors.

It has been appointed as a sub-contractor on the Barangaroo Station project to provide the framework solutions.

CEO Steven Boland is pleased BKH has selected the Acrow Powershore system and to be working with one of the market-leading formwork providers on this very important project.

"The Powershore system is proving its versatility, being also used by other formwork contractors, under hire arrangements, for the construction of the Sydney Metro Marrickville and Chatswood Station developments," he said.

"As further contracts are awarded for the Sydney Metro project, we remain confident that Acrow is well-positioned to deliver on additional sales and hire solutions of Acrow shoring systems and products," he added.

Sydney Metro is Australia's largest public transport project. When Sydney Metro is extended into the central business district, metro rail will run from Sydney's North West through to new underground stations in the city.

Once completed, the Sydney Metro project will deliver 31 new metro stations across 66 kilometres of new railway line.

18 months ago, Acrow developed a strategy to expand its civil infrastructure presence beyond its key Queensland market and into the other east coast states.

"I am pleased to say that our penetration into the Sydney market is progressing
very well, with significant opportunities ahead, particularly following the successful acquisitions of Natform and Uni-span," Steven told the market.

"Further to this, our penetration of the Melbourne Civil market continues at a strong pace, especially post the Uni-span acquisition, with Uni-span / Ulma products proving very successful in this market," he explained.

On market close, Acrow Framework is up 2.99 per cent, trading at 34¢ apiece.


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