Privately-owned contractor GenusPlus Group has completed its fifth acquisition in the space of two years, confirming today it has bought EC&M out of administration with plans to retain a small group of key staff to help rebuild the business.
Nearly 160 of EC&M's 400 employees will be back at work in September, with administrators progressing deals with major clients since the business hit the wall last week.
Bibra Lake-based Magellan Power has been hit by the insolvency of EC&M after supplying nearly $500,000 of equipment to a project, leading managing director Masoud Abshar to add his voice to calls for stronger laws around payment of subcontractors.
Henderson-based contractor EC&M has been awarded a series of contracts in Western Australia and the eastern states with a combined value of about $60 million.
The federal government has today announced its $35 billion frigate project will be built in Adelaide, with local shipbuilder Austal missing out on the main contract.
Local contractor EC&M has announced it has been awarded a series of contracts with a combined value of approximately $130 million, including a joint venture project in New South Wales with West Perth-based CPC Engineering.
Local contractor EC&M has been awarded the electrical, instrumentation and controls construction contract for Chinese company Tianqi Lithium's $400 million processing facility in Kwinana.
The former head of power generation company Pacific Energy has emerged as the new chief executive of thermal energy company Enerji, replacing Andrew Vlahov, who stepped down last week.
Former Perth Wildcats owner Andrew Vlahov has ended his tenure as chief executive of thermal energy company Enerji after spending just over a year in the role.
Diversified construction and maintenance group EC&M has emerged as the private company that has entered into a partnership agreement with energy technology company Enerji.
China-based Citic Group has flagged a $US1.4 billion to $US1.8 billion impairment at its Sino Iron magnetite project in the Pilbara as a result of the falling value of iron ore.
Electrical contractor ECM Global Project Partners has signed two contracts for work on the Roy Hill and Sino Iron projects in the Pilbara worth $110 million collectively.
Canning Vale-based electrical contracting group EC&M has won two significant electrical and instrumentation contracts, taking its order book for 2011 to around $50 million.
Canning Vale-based electrical contractor, Electrical Construction & Maintenance Australia took out the Industrial category award for excellence at the National Electrical and Communications Association Awards held last week.