Austin Engineering (ASX:ANG) flags uptick in orders coming into 2022

• 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.