Operational Update - New Orders & Outlook
RCR Tomlinson Ltd (RCR) is pleased to announce that the company has secured $60 million in new project orders through its engineering, electrical, maintenance and energy business units.
These include:
- additional Apron Feeders and Belt Feeders for the workshops;
- rotary municipal waste digester supply and install contract;
- convection panels and cooling coils for the workshops;
- new boiler supply orders in Australia and boiler rebuild in New Zealand; and
- $7 million in new infrastructure orders in the newly created RCR Electrical division, plus $3m in product orders
Outlook
The
first half of this financial year has seen the commencement of
considerable new project work across the RCR group and a consequence of
this timing is that the results for the full year will be skewed
towards the second half.
The Positron acquisition is
performing to expectation and the trade based workforce has increased
by 10% since acquisition and additional electrical tradesmen are being
sought for new orders received. The Positron acquisition was initially
to be effective from 1 July 2007, however was ultimately effective from
1 October 2007. The revised effective acquisition date is anticipated
to have no financial impact on RCR, with financial arrangement made to
reflect this revision.