Type | Dual-listed public company |
---|---|
SGX: P9D ASX: CVL | |
Industry | Construction Engineering Shipbuilding |
Founded | 1990 |
Headquarters | |
Key people | James Fitzgerald (Chairman) Pat Tallon (CEO) |
Revenue | $392 million (2019–2020) |
$38.5 million (2019–2020) | |
$17.5 million (2019–2020) | |
Total assets | $600.3 million (June 2020) |
Total equity | $263.1 million (June 2020) |
Number of employees | circa 2,000 (June 2020) |
Subsidiaries | Forgacs Marine & Defence |
Website | www.civmec.com.au |
Footnotes /references [1] |
Civmec Limited is a dual-listed Singaporean-Australian public company involved in the construction, engineering and shipbuilding industries. Headquartered in Perth, Western Australia, it specialises in fabrication and construction for the oil and gas and mining industries and has been involved in a number of significant Australian mining and civil engineering projects and has been selected to build a number of vessels and facilities for the Royal Australian Navy.
Civmec was established in 1990, becoming part of the VDM Group in 2006. [2] In 2009, it was sold in a management buyout. [3] It was listed on the Singapore Exchange in 2012, [4] and became a dual-listed company when listed on the Australian Securities Exchange on 22 June 2018. [5]
Civmec's main facilities are in Henderson and Newcastle and it has satellite offices in Gladstone and Singapore. [6] The Henderson headquarters sits on 120,000 square metres of land, and its fabrication plant is the largest in the southern hemisphere. [7] An expansion to the shipbuilding and maintenance facility in 2018 and 2019 resulted in an undercover facility with 53,000 square metres of space, which is the largest in Australia. [8]
Up until 2015, Civmec had largely concentrated on mining and energy-based projects, holding engineering contracts for Shell Australia's Prelude floating liquefied natural gas facility, Chevron Corporation's Gorgon and Wheatstone gas facilities, Inpex's Ichthys gas field and Woodside Petroleum's Persephone project. Around this time, although the company's mining-based contracts continued, the company diversified its work and moved to infrastructure-based projects. [7] Since this time it has undertaken the construction of a number of significant infrastructure projects in Perth as well as commenced military projects.
In November 2015, Civmec agreed terms to purchase Forgacs Marine & Defence. [9] The company saw the purchase as an opportunity to set up a facility on Australia's east coast, [9] and to pursue opportunities to enter into military contracts for submarines, offshore patrol boats and frigates for the Royal Australian Navy (RAN). [10] [11] The purchase, which included the Forgacs Shipyard in Tomago, New South Wales, was completed in February 2016 and resulted in over 150 job losses. [12]
In 2018, Civmec commenced building ten of the Arafura-class offshore patrol vessels for the RAN, [13] [14] and in 2020 commenced building the RAN's new submarine rescue at its Henderson facility, which will include a launch and recovery system, hyperbaric treatment unit, and maintenance training and testing infrastructure with a seven-metre deep pool. This facility is due for completion in February 2021. [15]
Western Australia is a state of Australia occupying the western 33 percent of the land area of Australia, excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Australia is Australia's largest state, with a total land area of 2,527,013 square kilometres (975,685 sq mi). It is the second-largest country subdivision in the world, surpassed only by Russia's Sakha Republic. As of 2021, the state has 2.76 million inhabitants—11 percent of the national total. The vast majority live in the south-west corner; 79 percent of the population lives in the Perth area, leaving the remainder of the state sparsely populated.
Curtin University, formerly known as Curtin University of Technology and Western Australian Institute of Technology (WAIT), is an Australian public research university based in Bentley, Perth, Western Australia. It is named after John Curtin, Prime Minister of Australia from 1941 to 1945, and is the largest university in Western Australia, with 59,939 students in 2021.
Karratha is a city in the Pilbara region of Western Australia, adjoining the port of Dampier. It was established in 1968 to accommodate the processing and exportation workforce of the Hamersley Iron mining company and, in the 1980s, the petroleum and liquefied natural gas operations of the North West Shelf Venture. As of the 2021 census, Karratha had an urban population of 17,013. The city's name comes from the cattle station of the same name, which derives from a word in a local Aboriginal language meaning "good country" or "soft earth". The city is the seat of government of the City of Karratha, a local government area covering the surrounding region.
Henderson is a suburb of Perth, Western Australia, located within the City of Cockburn.
The Sunday Times is a tabloid Sunday newspaper published by Western Press Pty Ltd, a subsidiary of Seven West Media, in Perth and distributed throughout Western Australia. Founded as The West Australian Sunday Times, it was renamed The Sunday Times from 30 March 1902.
The Western Australian economy is a state economy dominated by its resources and services sector and largely driven by the export of iron-ore, gold, liquefied natural gas and agricultural commodities such as wheat. Covering an area of 2.5 million km2, the state is Australia's largest, accounting for almost one-third of the continent. Western Australia is the nation's fourth most populous state, with 2.6 million inhabitants.
Fortescue Metals Group Limited is an Australian iron ore company. As of 2017, Fortescue is the fourth-largest iron ore producer in the world. The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP and Rio Tinto.
CIMIC Group Limited is an Australian construction contractor. It is active in the telecommunications, engineering and infrastructure, building and property, mining and resources, and environmental services industries. It has operations in Australia, Southeast Asia, New Zealand and the Middle East. Formerly listed on the Australian Securities Exchange, it is a subsidiary of Hochtief.
The petroleum industry in Western Australia is the largest contributor to the country's petroleum exports. Western Australia's North West Shelf (NWS) is the primary location from which production originates. Oil exports are shipped from Port Hedland.
The Central Norseman gold mine is located at Norseman, Western Australia. Norseman lies at the southern end of the Norseman-Wiluna Greenstone Belt, in the Eastern Goldfields Province of the Yilgarn Block, Western Australia.
Forgacs Shipyard is a shipbuilding company located at Tomago, New South Wales on the Hunter River. It was originally opened in 1957 by John Laverick at Carrington as Carrington Slipways, and built 45 ships between then and 1968. By 1972, the business required larger premises and moved to Tomago, not far from the Pacific Highway. The shipyard was purchased by Forgacs Engineering in 1997.
Forgacs Marine and Defence (Forgacs), former Forgacs Group, is a major Australian engineering and shipbuilding company. It has facilities at Newcastle, Sydney, Brisbane and Gladstone. The company employs 1000 people.
The Australian Marine Complex (AMC) is a marine industry precinct located at Henderson, Western Australia, 23km south of the Perth CBD. It is located on Cockburn Sound.
Robert John Sholl was a government administrator, magistrate, explorer, journalist, entrepreneur, harbourmaster, customs official, postmaster and lay reader in Western Australia (WA), during the colonial era. Because of his multiple, simultaneous roles, which carried judicial, political, cultural and commercial power and influence, Sholl is regarded as a significant figure in the history of North-West Australia, at an early stage of its settlement by Europeans.
Matagarup Bridge is a suspension pedestrian bridge crossing over the Swan River in Perth, Western Australia. Situated approximately half-way between Heirisson Island and the Goongoongup Bridge, it provides pedestrian access between Burswood and East Perth. The bridge connects visitors to the Burswood Peninsula, including the Perth Stadium, with public transport and car parks in East Perth and the Perth central business district.
Hamersley News was a fortnightly English language newspaper published in Perth, Western Australia by Hamersley Iron Pty Ltd. It was distributed to mining communities in Dampier, Karratha, Tom Price and Paraburdoo.
Aveng is an international engineering led contractor focused on infrastructure, resources and contract mining and is listed on the Johannesburg Stock Exchange. Its origins lie in modest construction projects in South Africa, but Aveng now operates in engineering, infrastructure development, construction and contract mining across Australia, New Zealand & Pacific Islands, Singapore, Philippines, Indonesia, Malaysia and South Africa.
RCR Tomlinson was one of Australia's largest multi-disciplined infrastructure, resource and engineering companies with a reputation for delivering high quality mining technologies.
NRW Holdings is a construction and mining contractor with its headquarters in Perth, Western Australia.