Source: WestStar Industrial
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • WestStar Industrial’s (WSI) wholly-owned subsidiary Alltype Engineering receives contract expansions and new awards worth over $15 million
  • The company says this has added positively to the contracted revenue for the year with further contract wins expected
  • Alltype attributes WestStar’s financial backing and parent company support as instrumental in supporting its growth in revenue, profitability and geographic presence
  • The contract expansions and new awards contributes to the WestStar’s FY22 order book bringing the consolidated group total of contracted awards to $237 million for the financial year, allowing the company to build on the success of FY22 in FY23
  • Shares in WestStar are up 8.57 per cent, trading at 19 cents as of 12:38 pm AEST

WestStar Industrial’s (WSI) wholly-owned subsidiary Alltype Engineering has been awarded contract expansions and new awards worth over $15 million.

The company said this has added positively to the contracted revenue for the year with further contract wins expected.

Alltype attributed WestStar’s financial backing and parent company support as instrumental in supporting its growth in revenue, profitability and geographic presence.

The contract expansions and new awards contributes to the WestStar’s FY22 order book bringing the consolidated group total of contracted awards to $237 million for the financial year, allowing the company to build on the success of FY22 in FY23.

New works secured include further water and transport infrastructure fabrication and installation works, and multiple gas transmission facilities upgrades and stations involving turnkey fabrication and construction within multiple WA regions.

Aside from new awards and contract expansions, WestStar and Alltype Engineering have been busy within its various projects and have given updates to its shareholders in the company’s statement.

Alltype’s Ambania compressor station project east of Geraldton has achieved a major milestone, having mobilised and established site at the end of April with bulk earthworks and 60-person site construction camp progress on schedule in anticipation of precast and insitu concrete and buried ground works.

Further east near Kalgoorlie, the Lynas kiln project continued progress with erection of the major kiln segments onto concrete plinths commencing in advance of balance of plant works commencing.

Further, SIMPEC has continued to progress projects such as the FMG Iron Bridge Wet Process Plant (SMPE&I) and BHP Mt Keith Debottlenecking ECI Works.

SIMPEC’s HSE performance continues to be strong across all projects and it was another safe period for the business which the company calls an “excellent achievement”.

Shares in WestStar were up 8.57 per cent, trading at 19 cents as of 12:38 pm AEST.

WSI by the numbers
More From The Market Herald
Cavalier Resources (ASX:CVR) - Executive Technical Director, Daniel Tuffin

" Cavalier Resources (ASX:CVR) begins PFS at Crawford

Cavalier Resources (ASX:CVR) has begun a pre-feasibility study (PFS) at the Crawford Gold Project within the…
Ten Sixty Four (ASX:X64) - Outgoing Managing Director, Paul Ryan Welker

" Ten Sixty Four (ASX:X64) terminates services agreement of former MD, Paul Ryan Welker

Ten Sixty Four (ASX:X64) has terminated the executive services agreement of former Managing Director Paul Ryan…

" M3 Mining (ASX:M3M) identifies drill targets at Edjudina

M3 Mining (ASX:M3M) has identified prospective gold-in-soil anomalies at the Edjudina gold project 150 kilometres northeast…

" Good Drinks Australia (ASX:GDA) commences the sale of Molson Coors and Magners

Good Drinks Australia (ASX:GDA) begins to sell the Miller Chill, Miller Genuine Draught, Coors, Molson Canadian…