Austin Engineering (ASX:ANG) - CEO, David Singleton
CEO, David Singleton
Source: Business News
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Austin Engineering (ANG) starts the calendar year with a strong order book, having received over $60 million worth of orders during November and December 2021
  • The company says the new product orders are for over 100 truck body’s, excavator buckets, water tanks, mine chutes, repairs and maintenance works
  • The increased sales activity comes as Austin continues to progress a number of initiatives across its operating regions
  • The company commenced operations at a new facility in Alberta last December and is also planning a $450,000 expansion of its La Negra facility in Chile
  • Shares in Austin Engineering remain steady on Monday, closing at $0.22 each

Austin Engineering (ANG) has started the calendar year with a strong order book, having received over $60 million worth of orders during November and December 2021.

The company says at the end of November 2021 its order book was 19 per cent higher year-on-year.

According to Austin, the new product orders are for more than 100 truck bodies, excavator buckets, water tanks, mine chutes, and repairs and maintenance works, and were received across the company’s operations in the Asia Pacific region, and North and South America.

Delivery of new products will be to Canada, the USA, Mexico, Chile, New Zealand, Indonesia, and both the west and east coasts of Australia.

The increased sales activity comes as Austin continues to progress a number of initiatives across its operating regions.

Austin’s new facility at Fort McMurray in Alberta, Western Canada commenced operations on December 1, 2021. Four of seven truck bodies being manufactured on site have been completed and are ready for delivery to customers in the region.

Meanwhile, the company is also planning a $450,000 expansion of its La Negra facility in Chile.

Shares in Austin Engineering remain steady on Monday, closing at $0.22 each.

ANG by the numbers
More From The Market Online

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…