Wangara-based building company McGrath Modular is being shut down after it was ensnared in problems associated with its Queensland owner and hit by weak market conditions in regional Western Australia.
CIMC Modular Building Systems and Nomad Building Solutions have both unveiled new contracts with Pindan, with works for a new student accommodation facility in Kalgoorlie and Wheatstone worker home
Shares in Nomad Building Solutions were up 26 per cent today, after the company announced it would acquire privately-owned Bloomer Constructions Qld for up to $10.4 million, which offset news of an expected loss in its McGrath Homes business.
Nomad Building Solutions' recently appointed non-executive director Heather Gardner has been promoted to chief executive officer, following a board shake-up that included the resignation of managing director Andrew Sturcke earlier in the month.
Peter Abery has stepped down as chairman of Nomad Building Solutions, with David Franklyn replacing him.Mr Franklyn has been a director at the company since 2011.
Nomad Building Solutions has placed its Queensland operations on ice and appointed a new chief executive, having earlier moved to wind down its Western Australian-based regional housing and commercial modular building businesses.
A prominent group of Perth investors may be drawn into a legal stoush over the financially stricken development of a multi-million dollar Broome apartment resort.
Experienced Perth property executive Evan Campbell has jumped on board an emerging north-west homes builder, hoping to help it capitalise on a still-buoyant market in the resources region.
Nomad Building Solutions plans to wind down one of its core businesses, after concluding it was unable to profitably service the modular building market in Western Australia.
Nomad Building Solutions says losses associated with the completion of its Gorgon contract were the main contributing factors to its $18.7 million first half loss.
Nomad Building Solutions has been slapped with a $4.25 million claim for damages, over delays in designing and building central facilities for Chevron's Gorgon liquefied natural gas project.
Nomad Building Solutions is considering shifting some of its manufacturing operations offshore to China or Thailand in response to the strong dollar and increased import competition.
Nomad Building Solutions has announced plans to raise $14.3 million via a share placement and an entitlement offer to strengthen the company's balance sheet.
Nomad Building Solutions has recorded a $10.7 million net loss after tax for the 2010 financial year, less than two weeks after forecasting an $8 million full-year loss.
Nomad Building Solutions has announced a $61 million loss for the 2010 financial year based on an $8 million operating loss and large writedowns of goodwill and fixed assets.
ASX-listed modular builder Nomad Building Solutions today announced a projected net loss of $6 million for the past financial year, three-times that forecast in January.
Shares in troubled Nomad Building Solutions were higher after the modular builder reported a healthy outlook and secured more than $28 million worth of contracts.
Modular builder Nomad Building Solutions has today announced the appointment of Brett McDonald for the newly created chief executive role for the eastern states.
Nomad Building Solutions has forecast a $12 million second half profit for 2009/10 but has warned of a first half loss of $1 million due to a downturn in orders.
Nomad Building Solutions says it has secured work valued at $43.3 million that includes a contract for the federal government's Building the Education Revolution project.
Modular and transportable buildings manufacturer, Nomad Building Solutions posted an overall profit of $13.3 million following the economic downturn negatively impacting its clients' investment decisions and an impairment charge of $6.8 million.
Nomad Building Solutions is the latest recipient of a Gorgon gas project contract, with work awarded as part of an overall $500 million contract to build the accommodation village.
Nomad Building Solutions has announced it will retain Alan Thomas as managing director, a week after securing Paul Depiazza as chief financial officer.
Nomad Building Solutions has taken a key step in rebuilding its management ranks with the recruitment of former Bristile and Futuris exective Paul Depiazzi.
Nomad Building Solutions has secured contracts worth nearly $30 million from Woodside Petroleum for the construction of two housing lots in the Pilbara, which will house workers for the Pluto liquefied natural gas project.
Nomad Building Solutions has revised down its full year net profit forecast for the third time after reporting a 62 per cent slump in its interim earnings.
South Perth-based Nomad Building Solutions Ltd has secured nearly $50 million worth of contracts for work at Rio Tinto's Brockman 4 iron project and Woodside Petroleum's Pluto operation.
South Perth-based Nomad Building Solutions Ltd subsidiary Rapley Wilkinson Property Pty Ltd has been awarded a $65 million contract to develop and construct a Karratha resort.
Nomad Building Solutions Ltd has been awarded two new contracts for the Queensland division of Nomad Modular Building Pty Ltd worth a total of $19 million.
Nomad Building Solutions Ltd has revealed a 45.7 per cent increase in net profit after tax to $10.4 million for the half-year to December 2007, on the previous corresponding period.
Nomad Building Solutions Ltd has been awarded a $20 million contract to manufacture and install an additional 400 rooms and associated facilities at Robe River Mining Associates' Mesa A Iron Ore Project in the Pilbara.
Nomad Building Solutions Ltd managing director Phillip Guy has raised $6.6 million by selling 2.3 million shares as part of a wider selldown by existing shareholders to new institutional investors.
