- New contracts take order book to $1.5B
- Awarded further package of work by Iluka Resources at Eneabba
- Member of alliance awarded construction contract for Perth Park
Civmec (ASX: CVL) has taken its order book to a new height of $1.5 billion with the landing of new contract awards, panel agreement extensions and new orders across its business.
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The new awards span the group’s resources, infrastructure, energy and maintenance activities and are expected to be delivered across FY27 and FY28.
Civmec has been awarded a further package of work by Iluka Resources at the Eneabba rare earths refinery in Western Australia, this time for the structural, mechanical, piping, electrical and instrumentation (SMPE&I) installation works across the facility.
The award extends Civmec’s involvement on the project, building on the field-erected tanks and civil concrete works the Group is already delivering on site, as well as the SMPE&I bridging scope currently underway.
Under the new package, Civmec is responsible for the multidisciplinary installation works across the refinery’s major process areas. The scope encompasses extensive off-site fabrication of pipe spools, installation of structural steel modules and platework, pipe supports and pipework, mechanical equipment, electrical and instrumentation and switchroom infrastructure.
The scope will support Iluka in commencing commissioning of the refinery from mid CY2027.
The Eneabba refinery is Australia’s first fully integrated facility for the production of separated rare earth oxides, positioning Western Australia as a strategic hub for the downstream processing of rare earths and supporting efforts to diversify global supply chains.
CEO, Patrick Tallon, said the record order book underscores the ongoing confidence Civmec’s clients place in the group as a delivery partner of choice for their critical projects, built on a track record of safe, dependable execution.
“We are sincerely grateful to Iluka for their continued trust in us to deliver this next phase of their landmark project. Progressing from our tanks and civil works through to the full SMPE&I installation reflects the strong, collaborative relationship between our teams and the considerable hard work both organisations have put in to reach this point,” he said.
“We look forward to continuing to deliver safely alongside Iluka as this nationally significant facility takes shape.”
Meanwhile an alliance comprising Civmec, Seymour Whyte and Aurecon has been awarded the major construction contract for Perth Park entertainment and sporting precinct on the Burswood Peninsula.
The award progresses the project from the planning and design phase into construction delivery, with the precinct expected to be substantially complete in late 2027.
CVL is up 2.29% to $1.79. Mkt cap $889.2M.
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