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EVZ LIMITED — Capital/Financing Update 2018
Jul 22, 2018
64889_rns_2018-07-22_84d10394-e8ce-4121-9e2d-fd112bf66633.pdf
Capital/Financing Update
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23 July 2018
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The Manager Market Announcements Office Level 4, North Tower, Rialto 525 Collins Street MELBOURNE VIC 3000
NEW CONTRACT APPOINTMENT - BROCKMAN
EVZ Limited (ASX:EVZ) is pleased to announce a significant project success.
Brockman Engineering Pty Ltd has been contracted for the engineering and construction of the new crude storage tank at the Mobil Altona Refinery. This appointment follows on from the Early Works package announced to the market in early May 2018.
The new crude tank will improve the efficiency of Altona Refinery’s local refining and supply operations, helping to meet Australia’s growing demand for transportation fuels.
The total value of the contract is circa $27M with works commencing on site mid-2018. Revenue from this contract will be accretive during FY2019 and first half of FY2020.
This project success demonstrates EVZ Limited’s increasing capability to procure large projects and together with other recently announced contract wins ensures that the company is very well placed to achieve strong earnings and revenue growth during FY2019.
For further information please contact:
Scott Farthing Chief Executive Officer EVZ Limited Tel: +61 3 9545 5288 Mob: +61 411 11 7403 Email: [email protected]
About EVZ Limited
EVZ Limited is an industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of fuel industry mechanical services including bulk tank design and construction, syfonic storm water and roof drainage and power generation plant maintenance through subsidiaries, Brockman Engineering, Syfon Systems and TSF Maintenance Services. www.evz.com.au
EVZ Limited ABN 87 010 550 357
115 | 838 Collins Street, Melbourne VIC 3008 Australia P + 61 3 9545 5288 F + 61 3 9542 6061 www.evz.com.au