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Articles by Vincent Goss
Valmec in $5m raising
Engineering and construction group Valmec has tapped investors for $5.1 million through a strongly supported share placement that will strengthen the company’s balance sheet. The placement received strong demand from institutional and sophisticated investors with 20 million shares issued at 25 cents each. To read more, please Login or Register below
Valmec buys APTS
Local engineering and construction group Valmec has announced it will purchase Henderson-based specialist pipeline testing company APTS, which was recently put into receivership. Under the agreement, Valmec will acquire APTS’ plant and equipment, around $5 million of service contracts and the company’s 55 employees. To read more, please Login or Register below
Valmec awarded $30m contracts
Energy and infrastructure contracting group Valmec has secured $30 million in new construction contracts, including a 4 kilometre gas pipeline at Dacian Gold’s Mt Morgan project. Valmec will work for APA Group on the construction of the Mt Morgan gas pipeline and has also been awarded another contract with APA for the construction of a compressor station. The station will be built at APA’s Murrin Murrin facility on the Goldfields gas pipeline in Western Australia.
Valmec lines up $12 million in new work
Energy and infrastructure contracting group Valmec has secured $12 million in new contracts, including a $6 million deal with the Water Corporation. ASX-listed Valmec today announced it had won a $6 million deal to construct pump facilities at the Water Corporation’s Stirling Dam. The Stirling Dam upgrade is designed to improve water security in the Great Southern, connecting the Integrated Water Supply System with the Great Southern Town Water Supply Scheme.
Valmec to work on DBP gas storage facility
Local engineering and construction group Valmec has won a $5.4 million contract for work on DBP Development Group’s Tubridgi gas storage facility near Onslow, which will be the largest in Western Australia when completed. Work under the contract with the DUET Group subsidiary will begin immediately, with the scope including multi-disciplinary field execution services. DDG announced plans to build the $69 million gas storage facility late last year. To read more, please Login or Register below
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