News Articles for CTEC

In hindsight, Forge Group founder Peter Hutchinson was unwittingly prophetic when he spoke to Business News in June 2012, on one of his last days at the company. Explaining his decision to hand the reins to more experienced managers, Mr Hutchinson said he wanted to ensure Forge didn't enter the “graveyard of mining services contractors that have come unstuck”.

It's not often that 6,000 investors are in total agreement, but in the case of the collapsed Forge Group there's no doubt that all of the company's shareholders will recognise that the failure had one cause – management incompetence.

Forge Group's current troubles cast its rapid expansion in a new light.

Engineering and construction firm Forge Group has diversified into the energy sector through the acquisition of Balcatta-based CTEC Pty Ltd for up to $38.6 million.

Perth-based energy and utilities contractor CTEC has been awarded an engineering, procurement and construction contract for Hamersley Iron's West Angelas power station project in the Pilbara.

Perth-based engineering and construction group CTEC has won a contract to design and construct the 242 megawatt Diamantina power station near Mt Isa in Queensland for APA Group and AGL.