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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2014
Aug 24, 2014
65884_rns_2014-08-24_514086ed-c503-4856-8c83-9ae426e7283d.pdf
Capital/Financing Update
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SCEE awarded additional Sino Iron works
25 August 2014
ASX & media announcement ASX code: SXE
Highlights
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SCEE secures further E&I works at Sino Iron Project
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Scope of approximately $70m
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Contracting directly with Sino Iron Pty Ltd
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Follows recent $10m award from Kermans
SCEE has been awarded approximately $70m of additional Electrical and Instrumentation (E&I) works at CITIC Pacific’s Sino Iron Project at Cape Preston, Western Australia.
The work has been awarded in two packages with the scope covering the installation and commissioning of all E&I works across process lines 3 to 6. The work is scheduled to commence in September.
Contact
SCEE PERTH OFFICE 41 Macedonia Street, Naval Base, Perth 6165 Western Australia T: +61 (0)8 9236 8300 E: [email protected] Simon High Managing Director E: [email protected]
Chris Douglass Chief Financial Officer & Company Secretary E: [email protected]
Colin Harper Investor Relations Manager & Company Secretary E: [email protected]
SCEE is contracting directly with Sino Iron Pty Ltd, a subsidiary of CITIC Pacific Limited.
The award follows the recently announced subcontract with Kerman Contracting and brings the total value of work in hand on the next phase of the project to approximately $80m.
Commenting on the award, SCEE’s Managing Director Simon High said: “I am extremely pleased that we have been able to secure this additional work, having identified Sino Iron as a core project for SCEE over the next two years. The addition of approximately $80m of new work provides a timely boost to our already strong order book as we move into financial year 2015. SCEE looks forward to starting work on the project and continuing to build our relationship with CITIC Pacific.”
About SCEE
SCEE is a leading provider of specialised electrical and instrumentation services to Australia’s resources sector.
Delivering life-of-project electrical infrastructure, construction and support services to its blue-chip customers for more than 30 years, SCEE also has a strong reputation for safety and excellence.
Our expertise and capacity enables us to undertake complex large-scale projects in harsh and remote environments.
Committed to our people with a strong focus on training and development, our track-record and collaborative, flexible approach has seen us continually expand our operations.
SCEE was established in 1978 and was listed on the Australian Securities Exchange in 2007 under the code SXE.
Southern Cross Electrical Engineering Limited
ABN 92 009 307 046