Engineering contractor SRG Global has secured four contracts valued at about $45 million to work on projects in the New Zealand energy and health sectors.
Engineering contractor SRG Global has secured four contracts valued at about $45 million to work on projects in the New Zealand energy and health sectors.
SRG Global announced on the ASX today that it secured a specialist facades contract with Southbase Construction to design, supply and install specialist engineered curtain wall facades for the Outpatients Building at the NZ Ministry of Health commissioned Dunedin Hospital.
The contract is set to commence immediately as part of the first stage of the $NZ1.4 billion hospital precinct redevelopment and is expected to be completed in 2025.
SRG Global has also locked in a contract with Genesis Energy to provide asset maintenance services for its hydro and wind farm infrastructure in New Zealand.
The contract is for three years, with a one-year extension option.
SRG Global secured a three-year contract with Channel Infrastructure which would provide industrial coatings for maintenance of fuel storage assets and associated infrastructure at Marsden Point.
Another contract was announced with Transpower to provide coatings and minor steel replacement services for transmission tower refurbishment in New Zealand.
The contract continues for a one-year term.
SRG Global managing director David Macgeorge said the successes of the contracts would demonstrate the company’s market-leading position in New Zealand and would build on its strategy to create a diversified industrial services business.
“We are very proud to continue to expand on our more than 70 years [of] New Zealand history and secure work with tier one clients to provide critical services to maintain major energy infrastructure assets and to be selected to deliver the specialist facades for major health infrastructure in Dunedin,” he said.
SRG Global also announced a facility has been established in Auckland for the company to expand its Engineered Products business in the New Zealand building and infrastructure industry.
“The expansion of our Engineered Products business into a market where SRG Global has a more than 70 year history is aligned with our strategy of growing the business both domestically and internationally in markets and sectors that we know and operate in today,” Mr Macgeorge said.
On the market, SRG Global shares last traded at 68 cents.
