Civmec has today been listed on the Australian Securities Exchange. If you currently have shares with Civmec with the Singapore Exchange, you can convert these CHESS Depositary Interests (CDIs) listed on the Australian Securities Exchange. Click here to find out how.
Tomorrow, Australian-based Civmec Limited (Civmec) (code CVL) will officially list on the Australian Securities Exchange (ASX). As Civmec is currently listed on the Singapore Exchange (SGX) the company will now have dual listing status.
Since establishing in 2009, Civmec, an Australian based multi-disciplinary construction and heavy engineering provider, has played a major role in many of Australia’s prestigious and complex projects in the oil and gas, metals and minerals and infrastructure sectors and has established a reputation for being a provider of quality construction and engineering services. More recently the company secured a significant award in the marine and defence market where it will support the nations defence shipbuilding program.
The ASX listing provides Civmec with an additional platform to broaden its shareholder and capital base, while also building on the excellent support Civmec has received from investors in Singapore, since listing on the Singapore Exchange in April 2012.
Mr. James Fitzgerald, Executive Chairman of Civmec, said “this is a very exciting chapter for the company and we see it as positive move for both our current and future Australian investors. We look forward to Australian investors being able to share in our successes through an investment in the company.”
Mr. Patrick Tallon, Chief Executive Officer of Civmec, said “ with our past and current projects predominately delivered by our Australian workforce on Australian soil and our growth prospects mainly focussed on the Australian market, we see this as a natural move to exhibit our home identity.”
Civmec will commence trading on the ASX tomorrow 22 June 2018 at 12:00 PM AEST under the ASX code CVL. For further information visit our web site at www.civmec.com.au.
Civmec together with Luerssen has agreed to form a new company, Australian Maritime Shipbuilding and Export Group (AMSEG). It will combine Civmec’s steel manufacturing capability and infrastructure with the shipbuilding and design expertise of Luerssen, to develop a new world class sovereign shipbuilding capability, based in Henderson, Western Australia.
It is intended that AMSEG will serve as a subcontractor to Luerssen in the delivery of the SEA1180 offshore patrol vessel (OPV) program. The terms and conditions of the existing contract that Civmec has already been awarded for work on the OPV program will be modified to integrate AMSEG into the management of the program. The outcome of the formation of AMSEG and modification to Civmec’s existing contract will be that Civmec will ultimately perform a larger scope of work on the OPV program.
Using the SEA1180 contract as a catalyst, AMSEG will invest in skills and transfer of knowledge to local subcontractors and suppliers, contributing to building a competitive Australian shipbuilding industry and supply chain that can export to the global naval market.
The new company is currently establishing its highly experienced management team and will be chaired by former Chief of the Royal Australian Navy and former Chairman of major shipbuilder ASC Shipbuilding, Vice Admiral (ret) Chris Ritchie.
To read the full press release, please click here.
Civmec’s General Manager of Defence, Commodore Mike Deeks CSC RAN (Rtd) has been appointed by the Western Australian Premier the Hon. Mark McGowan as the next Agent General for Western Australia based in London.
Mr. Deeks will commence his term in July 2018 and will focus on enhancing commercial links between Western Australia and the United Kingdom, with an emphasis on the defence industry.
To read the full press release please click here.
Today, Civmec together with its subsidiaries advised that they have been awarded a contract from Luerssen Australia in relation to the SEA1180 Offshore Patrol Vessel (OPV) project.
The awarded scope includes the supply and processing of steel for all twelve vessels. Following the build of the first two vessels in South Australia, the Company will undertake specific fabrication and construction activities for the following ten vessels. Final consolidation of the ten vessels will be undertaken in the Company’s new world-class shipbuilding facility, which is currently under construction adjacent to its existing waterfront facilities and head office at Henderson, Western Australia.
To read the full media release please click here.
Photo credit: Luerssen Australia
Yesterday, Civmec employees at our major facilities Henderson, Newcastle and projects participated in Clean up Australia Day – an event that has been running since 1989 and has become Australia’s largest community-based environment event.
In the past 27 years, Australians have devoted more than 32 million hours towards the environment through Clean Up Australia Day and collected over 344 thousand tonnes of rubbish.
This event turned into a world-wide event in 1993, called Clean Up the World – which now sees over 40 million people from 30 countries annually take part. This demonstrated that people across the planet are willing to do something themselves to help protect and care for the environment.
At Civmec, we collected approximately 120 kgs of rubbish, with some of the interesting items including windscreen wipers, car tyre caps.
Thank you to all our employees who were willing to give up some of their day to participate in this event – helping to clean up, fix up and conserve the environment.
Civmec wish to advise the appointment of Adam Goldsmith – Executive General Manager (EGM) – Commercial and Risk.
Damian Kelliher will step down from the position EGM International and Commercial and Risk and will concentrate his efforts on the role of Chief Operating Officer for Civtec Africa. Civtec Africa is 50% owned by Civmec. Damian will focus on opportunities in the oil and gas, infrastructure and water industries in the region. Over the past six months Damian has assisted Adam to seamlessly transition into the role.
Since Adam joined the Group he has made a significant contribution to the Company. He is a Fellow of the Royal Institute of Chartered Surveyors, with quantity surveying and construction law qualifications. He brings a wealth of knowledge and experience to the Executive Team with over 25 years commercial and risk management experience with major UK and Australian companies.
The Board would like to take this opportunity to thank Damian for his valuable contribution during his time with Civmec and wishes him every success in his new role.
We would also like to take this opportunity to advise that Terry Hemsworth will retire from the Executive Team at the end of April 2018. Terry has reached retirement age but will stay with the company in a reduced capacity. Terry joined the Company in 2010, and has played an enormous role in the early stages of the Company, continuing to contribute significantly throughout the Company’s growth. The Board and Staff appreciates all that Terry has done for the Group and are delighted that Terry intends to remain part of the team and offer his sound judgement as requested in future decision making.
Civmec’s membership of Supply Nation reinforces our commitment to diversity both within our workforce and procurement processes.
Civmec’s recently launched ‘Reflect’ Reconciliation Action Plan (RAP) has formalised a history of initiatives designed to help close the gap for Australia’s Aboriginal and Torres Strait Islander people and communities. As Civmec embarks on its RAP journey our priority will be to develop stronger and more meaningful relationships and partnerships with Aboriginal and Torres Strait Islander peoples. Our vision will be underpinned by understanding it will be essential to:
- Developing a better understanding of cross cultural sensitives.
- Ensuring that our employees understand and support the principles and agreed actions for our Reconciliation Action Plan (RAP).
- Enabling our staff to develop relationships in their professional and personal spheres with Aboriginal and Torres Strait Islander employees and the local and broader Aboriginal and Torres Strait Islander community.
- Recognising that our contribution to the community reflects shared values and delivers positive community solutions.
Civmec has recognised the significant benefit to be gained from its membership in supporting Supply Nation through connecting Civmec to Aboriginal and Torres Strait Islander suppliers that will build a vibrant and prosperous Aboriginal and Torres Strait Islander business sector by incorporating Aboriginal and Torres Strait Islander businesses into the supply chain of our business.
Mr. Patrick Tallon, Civmec’s Chief Executive Officer, said, “We are delighted to be part of Supply Nation and look forward to working with Aboriginal and Torres Strait Islander suppliers across Australia – while developing our supplier diversity footprint.”
Civmec was contracted by Seymour Whyte for the fabrication, off-site trial assembly, delivery and site assembly of a 200-metre-long bridge for the Nepean River shared path bridge, the complex structure consisting of over 820T of tubular truss sections.
The bridge is approximately 257m long and includes a steel truss main span 200m long. The work also involves the construction of approaches and connections to existing local roads. The scope of works involves the supply, delivery, and installation of all fabricated steel components is in accordance with the Shared Path Bridge over Nepean Bridge drawings and specifications including the following components:
- Main Span Truss
- Span 1 and Span 2 Steel Trough Girders
- Steel deck to main span truss
- Balustrade posts to main span truss and approaches
- Supply & Fabrication of temporary works tube cradles and testing rig apparatus
- Circa. 30,000 fabrication hours
- Partial trial assembly of 3 bays at a time, total length of 3 Bays is circa. 75m
The A-frame truss of the bridge is designed to hold up a very large and heavy span.
It will have the largest uninterrupted span of any pedestrian bridge in Australia, at 200m long.
To view a video update please watch below.