WestStar Industrial bulks up order book with contract win

WestStar Industrial ASX WSI Civmec SIMPEC
WestStar business SIMPEC Pty Ltd has been awarded a ~$1m contract in Henderson, Western Australia.

WestStar Industrial (ASX:WSI), a diversified construction company which boasts the likes of BHP, Scentre Group and Multiplex on its books, has announced it has been awarded an estimated $1 million contract for mechanical installation works at the Henderson facility in Western Australia.

The Henderson facility, owned by Civmec, forms part of the Australian Marine Complex (AMC), one of the largest ship building facilities in the country, servicing the defence, marine, oil and gas, and resource industries.

The 20,000 square metre facility, situated 23km south of Perth, is the largest heavy engineering site of its kind in Australia.

The installation works will be carried out by WestStar’s wholly-owned engineering contractor business SIMPEC.

The contract, awarded by iPilot Australia, will see SIMPEC and iPilot work together to deliver a complete end-to-end solution at Henderson. It is the first time that the pair have partnered on a major project.

The mechanical installation package will see the companies introduce automated access systems, dust collection, filtration and recovery equipment, as well as all associated ducting for the Henderson facility.

SIMPEC managing director Mark Dimasi said iPilot and SIMPEC have the potential to work together on future projects, with the businesses offering complementary services.

“We are extremely excited to be involved in delivering this state-of-the-art facility and also look forward to installing the Australia-first automated access systems. We are looking forward to working closely with iPilot to successfully deliver this project and continuing to build a relationship between our two companies,” he said.

The contract win represents growing traction for the WestStar-owned business. SIMPEC has actively tendered several scopes of work over the course of the past six months, adding $6 million to its order book.

In total, SIMPEC has tendered for more than $150 million of work and the company has signified its intent to continue its aggressive tendering activity.

WestStar’s share price closed the day 13.33% higher at $0.017 per share.

Filip has written in both Australia and abroad during his career, covering everything from the global economy, politics and geopolitical issues to commodities and small cap stocks on the ASX.