Civmec

Last updated
Civmec Limited
Company type Dual-listed public company
SGX: P9D
ASX:  CVL
Industry Construction
Engineering
Shipbuilding
Founded1990
Headquarters
Henderson, Western Australia
Key people
James Fitzgerald (Chairman)
Pat Tallon (CEO)
RevenueDecrease2.svg $392 million (2019–2020)
Increase2.svg $38.5 million (2019–2020)
Increase2.svg $17.5 million (2019–2020)
Total assets Increase2.svg $600.3 million (June 2020)
Total equity Increase2.svg $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 Australian-Singaporean 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.

Contents

History

Civmec's headquarters in Henderson, Western Australia Civmec Construction and Engineering, Australian Marine Complex, Henderson, April 2020.jpg
Civmec's headquarters in Henderson, Western Australia

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]

Notable projects

Related Research Articles

<span class="mw-page-title-main">Perth</span> Capital city of Western Australia

Perth is the capital city of Western Australia. It is the fourth most populous city in Australia, with a population of over 2.3 million within Greater Perth as of 2023. It is part of the South West Land Division of Western Australia, with most of Perth's metropolitan area on the Swan Coastal Plain between the Indian Ocean and the Darling Scarp. The city has expanded outward from the original British settlements on the Swan River, upon which its central business district and port of Fremantle are situated.

<span class="mw-page-title-main">Western Australia</span> State of Australia

Western Australia (WA) is a state of Australia occupying the western third of the land area of the Australian continent. 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. With a total land area of 2,527,013 square kilometres (975,685 sq mi), Western Australia is Australia's largest state as well as the second-largest subdivision of any country on Earth, surpassed only by the Sakha Republic in eastern Russia.

<span class="mw-page-title-main">Curtin University</span> University in Perth, Western Australia

Curtin University 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 58,607 students in 2022.

Woodside Energy Group Ltd is an Australian petroleum exploration and production company. Woodside is the operator of oil and gas production in Australia and also Australia's largest independent dedicated oil and gas company. It is a public company listed on the Australian Securities Exchange and has its headquarters in Perth, Western Australia. In the 2020 Forbes Global 2000, Woodside was ranked as the 1328th-largest public company in the world.

<span class="mw-page-title-main">Newman, Western Australia</span> Town in Western Australia

Newman, originally named Mount Newman until 1981, is a town in the Pilbara region of Western Australia. It is located about 1,186 kilometres (737 mi) north of Perth, and 9 kilometres (5.6 mi) north of the Tropic of Capricorn. It can be reached by the Great Northern Highway. Newman is a modern mining town, with homes contrasting with the surrounding reddish desert. As of the 2021 census, Newman had a population of 6,456. The Hickman Crater, a meteorite impact crater discovered in 2007, is 35 kilometres (22 mi) north of Newman.

National Jet Express is an Australian charter airline and aviation services provider with its headquarters in Perth, Western Australia.

The Sunday Times is a tabloid Sunday newspaper published by 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.

<span class="mw-page-title-main">Economy of Western Australia</span>

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.

CIMIC Group Limited is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects.

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.

<span class="mw-page-title-main">Virgin Australia Regional Airlines</span> Regional airline of Australia

Virgin Australia Regional Airlines (VARA) is an Australian regional airline based in Perth, servicing key towns in the state of Western Australia. The airline also flies interstate to destinations such as Adelaide, Darwin, Melbourne and Alice Springs. Formerly known as Skywest, in April 2013 the airline was purchased by Virgin Australia Holdings as its new regional offshoot. On 21 April 2020, Virgin Australia Regional Airlines' parent company, Virgin Australia Holdings went into voluntary administration due to the COVID-19 pandemic.

<span class="mw-page-title-main">Forgacs Shipyard</span> Australian shipbuilding company

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.

<span class="mw-page-title-main">Forgacs Marine and Defence</span> Australian engineering and shipbuilding company

Forgacs Marine and Defence, previously Forgacs Group and also simply known as Forgacs, is a major Australian engineering and shipbuilding company. It has facilities in Newcastle, Sydney, Brisbane and Gladstone. The company employs approximately 1000 people.

<span class="mw-page-title-main">Australian Marine Complex</span> Marine maintenance facility in Western Australia

The Australian Marine Complex (AMC) is a marine industry precinct located at Henderson, Western Australia, 23 kilometres (14 mi) south of the Perth CBD. It is located on Cockburn Sound.

<span class="mw-page-title-main">Matagarup Bridge</span> Pedestrian bridge in Perth, Western Australia

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.

<i>Hamersley News</i>

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.

The Causeway Pedestrian and Cyclist Bridges are a pair of cable-stayed bridges under construction in Perth, Western Australia, linking East Perth with Victoria Park across the Swan River via Heirisson Island. The two bridges are slightly downstream of The Causeway, which is the road linking East Perth with Victoria Park. Construction began in March 2023 and is expected to be complete by the end of 2024.

References

  1. ↑ "Annual Report 2019–2020". Civmec. Civmec Limited. pp. 11, 91, 92. Retrieved 10 January 2021.
  2. ↑ Hoey, Trevor (12 July 2006). "VDM busily making own road to growth". Australian Financial Review . Fairfax Media . Retrieved 10 January 2021.
  3. ↑ Cooper, Julie (10 June 2020). "There is no substitute for hard work.: Pat Tallon". CEO Magazine. The CEO Magazine. Retrieved 10 January 2021.
  4. ↑ Williams, Peter (18 April 2012). "Singapore listing proves windfall for Civmec". The West Australian . West Australian Newspapers Limited. Retrieved 10 January 2021.
  5. ↑ Williams, Peter (22 June 2018). "Civmec completes ASX listing process". The West Australian. West Australian Newspapers Limited. Retrieved 10 January 2021.
  6. ↑ "Office Locations". Civmec. Civmec Limited. Retrieved 10 January 2021.
  7. 1 2 Kakulas, Vetti (9 September 2015). "Perth engineering company Civmec owes success to change in focus away from mining". PerthNow . West Australian Newspapers Limited. Retrieved 10 January 2021.
  8. ↑ Harvey, Ben (30 July 2019). "Civmec's massive expansion shipshape for the navy". The West Australian. West Australian Newspapers Limited. Retrieved 10 January 2021.
  9. 1 2 Durrant, Patrick (18 November 2015). "Newcastle shipbuilder Forgacs to be acquired by Civmec". Australian Defence Magazine. Yaffa Media. Retrieved 10 January 2021.
  10. ↑ Kirkwood, Ian (28 April 2016). "West Australian company Civmec unveils plans for the Forgacs shipyard at Tomago". Newcastle Herald . Australian Community Media. Retrieved 10 January 2021.
  11. ↑ "Civmec keen to build subs in WA". Business Spectator (The Australian). Nationwide News Pty Ltd. AAP. 26 September 2015. Retrieved 12 January 2021.
  12. ↑ Marchese, David (3 February 2016). "Forgacs jobs lost as Civmec takeover finalised". ABC News . Australian Broadcasting Corporation. Retrieved 10 January 2021.
  13. ↑ "Arafura Class OPV". Royal Australian Navy . Retrieved 27 December 2020.
  14. ↑ Hastie, Hamish (29 May 2018). "Perth company joins Germans in southern suburbs shipbuilding project". WA Today. Nine Entertainment Co. Retrieved 9 January 2021.
  15. ↑ "CIVMEC starts construction on new $12.5m submarine rescue facility in Henderson". PerthNow. West Australian Newspapers Limited. 4 June 2020.
  16. ↑ Staff Reporter (10 March 2015). "Tender win for Civmec builders". Fremantle Gazette. West Australian Newspapers Limited. Retrieved 10 January 2021.
  17. ↑ Mischin, Michael (4 March 2015). "Media Statements: WA company secures $73m stadium contract". wa.gov.au. Government of Western Australia. Archived from the original on 12 January 2021. Retrieved 10 January 2021.
  18. ↑ Leow, Annabel (22 February 2019). "Civmec launches legal action over Perth Stadium contract". Business Times (Singapore) . Singapore Press Holdings Ltd. Retrieved 10 January 2021.
  19. ↑ Perpitch, Nicolas (8 August 2017). "Civmec confident Swan River pedestrian bridge can be built by March 2018". ABC News. Australian Broadcasting Corporation. Retrieved 10 January 2021.
  20. ↑ Rimrod, Fran (15 October 2017). "Perth Stadium footbridge will be 'as big as Sydney Harbour Bridge'". WA Today . Nine Entertainment Co . Retrieved 10 January 2021.
  21. ↑ Cook, Roger; Saffioti, Rita; Dawson, Stephen (2020-12-17). "Builder Civmec to construct rainbow Perth Kids' Bridge". Deputy Premier and Ministers for Health and Mental Health, Transport and Planning, and Environment, Disability Services and Electoral Affairs (Media Statement). Western Australia: Government of Western Australia. Archived from the original on 2020-12-29. Retrieved 2021-01-04.
  22. ↑ Rifici, Victoria (2020-11-23). "Construction set to start on Perth Children's Hospital bridge". Perth Now . Western Suburbs Weekly. Retrieved 2021-01-06.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.