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WestStar Industrial’s (ASX:WSI) SIMPEC wins Fortescue Metals (ASX:FMG) contract

Industrial
ASX:WSI      MCAP $14.39M
10 March 2021 15:20 (AEST)

WestStar Industrial (WSI) subsidiary SIMPEC has been awarded a $7 million contract by construction company Central Systems.

This is SIMPEC’s first contract with Central Systems. The contract is for Fortescue Metals Group’s (FMG) Solomon Hub central facilities, located in Western Australia’s Pilbara region. 

Central Systems has been awarded the design and construct (D&C) contract for the Solomon central facilities workshop yard. This project involves consolidating various workshops, facilities and other non-processing infrastructure into one centralised location.

SIMPEC will collaborate with Central Systems onsite, to supply and install the electrical, instrumentation and communication works for these facilities. 

SIMPEC’s Managing Director, Mark Dimasi, commented positively on the subsidiary’s contract from Central Systems. 

“To be part of this new development in the non-process infrastructure space on a Fortescue Metals Group project is very rewarding for the team. This large project allows SIMPEC to showcase its true E&I capabilities,” he said.

“A big thank you to Central Systems for supporting our team and allowing us to work alongside you on this prestigious project,” he added.

SIMPEC’s contract at Fortescue Metals’s Solomon Hub starts immediately and is expected to be delivered by 2021’s third quarter. 

Through its subsidiaries SIMPEC and Alltype Engineering, WestStar has been awarded approximately $58 million in new contract awards combined. The company is continuing to receive and work on numerous new tenders from clients within the mining and infrastructure, and oil and gas sectors.

Despite the good news, WestStar Industrial is down five per cent, trading at 1.9 cents per share at 11:28 am AEDT.

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