CIMIC’s UGL secures $200m in maintenance services contracts

Source: Hochtief

These new contracts will generate a combined revenue to UGL of approximately $200 million and be executed over a multiple-year period.
The contracts will deliver:
Maintenance and turnaround services at the Chevron operated Gorgon and Wheatstone facilities in Western Australia, where UGL will deliver mechanical, electrical, instrumentation and access services for maintenance, plant turnaround and brownfield execution services.
Extension of integrated services for structural, mechanical, piping, electrical and instrumentation for existing clients in Western Australia
An extension of scope for maintenance and project-related services for an existing client’s assets across Victoria.
CIMIC Group Chief Executive Officer Michael Wright said: “These contract awards exemplify the strength of UGL’s solid client relationships and its position as a market leader in the delivery of maintenance and mechanical, electrical and instrumentation services to the oil and gas industry.”
UGL Managing Director Jason Spears said: “We are proud of our close working partnerships with leaders in the oil and gas sector in Australia. These contracts reflect UGL’s reputation for strong performance and safe delivery of maintenance and shutdown services.”

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CIMIC’s Sedgman wins $155m coal contract in Queensland

Source: Hochtief

The engineering, procurement and construction (EPC) contract will deliver an expansion on the first phase of the project, which Sedgman was awarded in February 2018, and includes the duplication of the existing coal handling and processing plant.
The contract will generate revenue of $155 million for CIMIC Group.
CIMIC Group Chief Executive Officer Michael Wright said: “The CIMIC Group has a long standing and successful relationship with QCoal which started in 2007, providing EPC services through Sedgman and mining services through Thiess.
“This latest contract demonstrates Sedgman’s ability to deliver positive and consistent outcomes for QCoal, and is a testament to the Sedgman team’s focus on delivering enduring value for our clients.”
Sedgman Managing Director Grant Fraser said: “We are pleased to continue our strong, long-term relationship with QCoal and look forward to assisting with the expansion of the Byerwen mine in a timeframe that optimises QCoal’s benefit.”
Early work has commenced and the project will conclude in early 2020.
The Byerwen mine site is located 20 kilometres west of Glenden in Queensland’s Bowen Basin.

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HOCHTIEF secures major contract for part of the new suburban railway trunk route Munich

Source: Hochtief

Joint venture contract volume approximately EUR 400 million
Together with its partner Implenia, HOCHTIEF has secured a contract from Deutsche Bahn (German Federal Railway) for the second trunk route of the suburban railway in Munich. The joint venture (JV), under the technical leadership of Implenia, will build the central station Marienhof. The contract volume is approximately EUR 400 million, whereby the two companies each have a 50% participation in the JV. The second trunk route envisages an additional underground inner-city link, which runs roughly parallel to the first trunk route in the center of Munich, which opened in 1972. The project, for which the overall construction work began in 2017, runs for a length of around ten kilometers and is designed to increase capacities on the very busy route.

“We are pleased to implement this sophisticated and demanding tunnel construction project on behalf of Deutsche Bahn in cooperation with Implenia. Together with our reliable partner, we are combining many years of experience and infrastructure construction expertise in Munich”, commented Riku Tauriainen, Business Unit Manager of Civil Germany at HOCHTIEF Infrastructure.
“This complex infrastructure construction project with demanding special foundation engineering, tunnel construction and solid construction, requires highly specialized technologies and comprehensive know-how. We are delighted that Deutsche Bahn has awarded this contract to Implenia and the partner HOCHTIEF“, commented René Kotacka, Head of Business Unit Implenia Infrastructure.
The construction work commences in summer 2019. The future station Marienhof will be located in the center of Munich, right behind the city hall. The station structure, centrally located under Marienhof, will be initially constructed in an open construction pit and then subsequently in a construction pit underneath a concrete cover. The new station is located at a depth of approximately 40 meters, and will pass underneath the tunnels of the underground railway lines U 3 and U 6. The 210-meter-long platforms will be situated at the lowest level, followed by an approximately 14-meter-high distribution floor and a mezzanine floor with the staircases up and down to the new urban railway station as well as an overpass to the existing underground railway.
You will find additional information on the website of Deutsche Bahn:https://www.2.stammstrecke-muenchen.de/english

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CIMIC Group Companies To Deliver Taswater’s Capital Works

Source: Hochtief

CIMIC Group companies UGL and CPB Contractors have been selected by TasWater, in an alliance partnership, to manage the delivery of its capital works program to support and develop Tasmania’s water and wastewater infrastructure and major regional water projects.
The joint venture between CPB Contractors and UGL will generate revenue to CIMIC Group of approximately $150 million per annum, over an initial four-year period.

UGL, CPB Contractors and TasWater will establish an alliance to manage infrastructure planning, project development and delivery of capital works across TasWater’s regional asset network in Tasmania. Part of the alliance is the commitment to utilising and building local capability and capacity by prioritising local business participation. TasWater’s capital program includes works on water and wastewater treatment plants, water networks, dams and water storage, and general asset renewal programs.
CIMIC Group Chief Executive Officer Michael Wright said: “Backed by CPB Contractors’ experience in major project design and construction, and UGL’s water sector expertise, we are pleased to partner with TasWater to manage the delivery of world-class infrastructure for the people of Tasmania.”
UGL Managing Director Jason Spears said: “This is a great opportunity to collaborate with TasWater in developing and delivering essential water infrastructure across its network. Through our water industry capability, we will optimise capital delivery through innovative infrastructure planning and project development.”
CPB Contractors Managing Director Juan Santamaria said: “For more than 50 years, CPB Contractors and UGL have joined forces to successfully deliver water projects across Australia. As an alliance partner, we will bring our expertise along with that of the CIMIC Group to benefit TasWater and the wider Tasmanian community.”
UGL and CPB Contractors are currently working in partnership to deliver the Western Treatment Plant Stage Two Upgrade for Melbourne Water in Victoria, as well as numerous rail and infrastructure projects across Australia.

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CIMIC’s UGL Secures $180m Maintenance Services Contract With BMA

Source: Hochtief

Under the new contract UGL will deliver:
• Coal Handling Preparation Plant (CHPP) maintenance and scheduled plant outage maintenance services; and• Infrastructure maintenance services, including field equipment, remote fuel farms, sewerage and water treatment plants.
CIMIC Group Chief Executive Officer Michael Wright said: “This contract award signifies UGL’s position as a market leader in the delivery of maintenance and shutdown services and the strength of our capability in the Australian mining and services sectors.”
UGL Managing Director Jason Spears said: “We are proud of our long-standing partnership with BMA. This contract reflects our solid reputation for supporting the BMA operations teams through the safe delivery and performance of maintenance and shutdown services.”

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CIMIC companies win $184m coal processing plant contract

Source: Hochtief

Mineral processing company Sedgman and construction company CPB Contractors will work together to deliver this end-to-end solution. Design and early procurement work will commence immediately.
CIMIC Group Chief Executive Officer Michael Wright said: “The unique combination of Sedgman’s mineral processing experience and CPB Contractors’ construction expertise provides CIMIC Group clients with the certainty of a proven track record in developing coal mines and an integrated solution from design to commissioning.”
Sedgman Managing Director Grant Fraser said: “The Olive Downs Coking Coal Project is an exciting, long term development in the Queensland Bowen Basin and we are pleased to be working closely with Pembroke Resources to deliver value for the project.”
CPB Contractors Managing Director Juan Santamaria said: “The Olive Downs Coking Coal Project will draw on the long experience of CPB Contractors in resources infrastructure and our strong ongoing project involvement in regional Queensland, including more than 15 years working with Sedgman in the Bowen Basin delivering coal handling plants and mine infrastructure.”
Work is expected to be completed in 2020.

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CIMIC’s CPB Contractors wins Parramatta Light Rail Stage 1

Source: Hochtief

CIMIC Group Chief Executive Officer Michael Wright said: “The Parramatta Light Rail project strongly aligns with CIMIC Group’s expertise in providing city-shaping infrastructure to enable economic growth and meet the needs of future generations.
“We’re pleased to work collaboratively with NSW Government to bring our disciplined planning and project delivery to enable the ongoing development of Parramatta as a vibrant and increasingly important business and community centre.”
CPB Contractors Managing Director Juan Santamaria said the project continued CPB Contractors’ strong growth in the rail sector and its commitment to western Sydney.
“Our experience on Sydney Metro and the Gold Coast and Canberra light rail projects means we understand how to deliver this important project working closely with the government, local businesses and the wider community.
“With our involvement in the early earthworks for Western Sydney Airport and delivery of The Northern Road upgrade between Luddenham and Glenmore Park, we’re also pleased to continue playing a key role in western Sydney’s rapid development.”
Parramatta Light Rail Stage 1 will connect Westmead to Carlingford via the Parramatta CBD and Camellia with a 12-kilometre, two-way track. The project includes construction of: 
Light rail track, roadworks and stop platforms;
Transport interchanges at Westmead, Parramatta CBD and Carlingford; and
New light rail and pedestrian zones along Church and Macquarie Streets in the Parramatta CBD, and urban design.
Construction will commence in 2019, with Stage 1 scheduled to begin services in 2023.

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CIMIC’s Thiess secures $150m Caval Ridge extension

Source: Hochtief

The variation will see Thiess mine additional overburden through until 2020 as per the terms of the contract, after commencing work at Caval Ridge in November 2017.
Thiess will continue to provide mining services for specific components of work including the services required for Caval Ridge Southern Circuit.
CIMIC Group Chief Executive Office Michael Wright said: “This award builds on our relationship with BMA and reinforces Thiess commitment to delivering value for our clients.”
CIMIC Group Executive Mining and Mineral Processing and Thiess Managing Director Douglas Thompson said: “We are proud of this contract. It’s a testament to the team’s track record of performance and focus on delivering a safe and productive operation for our client.

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Ruhr-Universität Bochum weiht von HOCHTIEF sanierte Fakultätsgebäude ein

Source: Hochtief

Die Ruhr-Universität Bochum (RUB) feiert heute die Einweihung der Fakultätsgebäude IA und IB. Damit ist die von HOCHTIEF Building durchgeführte Kernsanierung der denkmalgeschützten Gebäudereihe I offiziell abgeschlossen.HOCHTIEF hat den neuen Gebäudekomplex IA-IB im Auftrag des Bau- und Liegenschaftsbetrieb (BLB) des Landes Nordrhein-Westfalen schlüsselfertig geplant und gebaut. Während der vierjährigen Bauzeit im laufenden Betrieb mussten die bestehenden Bauten sowie ihre Nebengebäude zunächst wegen hoher Schadstoffbelastung vollständig zurückgebaut werden. Seit Ende 2015 errichtete HOCHTIEF die Neubauten in enger Abstimmung mit der Denkmalbehörde in der ursprünglichen Höhe und Form. Zuvor hatte das Unternehmen bereits den IC-Riegel von Schadstoffen befreit und saniert.
IA und IB sind die Urgebäude der Ruhr-Universität mit einer Mietfläche von rund 43 000 Quadratmetern – das entspricht etwa 300 Einfamilienhäusern: Sie waren 1965 die ersten fertigen Gebäude auf dem Campus. Seit dem Wintersemester 2018/2019 werden sie von der Fakultät für Geowissenschaften mit dem Institut Geologie, Mineralogie und Geophysik und dem Geografischen Institut sowie den Fakultäten für Mathematik und für Psychologie genutzt.

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CIMIC Announces Further On Market Share Buyback

Source: Hochtief

CIMIC’s current on?market share buy-back (announced on 14 December 2017) will end on 28 December 2018.
The new buy-back will continue to meet CIMIC’s previously stated aims of enhancing shareholder returns and capital efficiency, and maintaining balance sheet flexibility to pursue future growth and investment opportunities.
Funded by a combination of cash balances and working capital facilities, the new buy-back demonstrates CIMIC’s strong balance sheet position, solid cash flow generation, and disciplined approach to capital management.
The new buy-back will be within the ‘10/12 limit’ permitted by the Corporations Act 2001 (Cth) and therefore does not require shareholder approval.
The timing and number of shares purchased will depend on the CIMIC share price and market conditions.
An Appendix 3C for the new buy-back is attached.

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