09/11/2007 - 09:47

Macmahon secures 10-year Lafarge contract worth $65m

09/11/2007 - 09:47

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East Perth-based Macmahon Holdings Ltd has secured a 10-year quarrying contract for France-based Lafarge SA's cement manufacturing plant in Aceh, Indonesia, worth around $64.8 million.

Macmahon secures 10-year Lafarge contract worth $65m

East Perth-based Macmahon Holdings Ltd has secured a 10-year quarrying contract for France-based Lafarge SA's cement manufacturing plant in Aceh, Indonesia, worth around $64.8 million.

 

 

The full text of a company announcement is pasted below

Macmahon Holdings Limited (ASX:MAH) announced today that it had been awarded a new, long term quarrying contract in South East Asia.

The 10 year contract for Lafarge, at Lhoknga in the Northern Sumatra province of Aceh, is valued at US$60 million. It involves development and quarrying of limestone to supply the region's largest cement manufacturing plant.

Macmahon has a strong relationship with Lafarge, through its successful operation of the Kanthan Works limestone operation in Malaysia since 2002

Chief Executive Officer, Nick Bowen, explained that this was the second major contract with Lafarge in South East Asia for Macmahon.

"We have now established a solid foundation from which to increase the size of our operations in this region," he said.

"By continuing to remain focussed, we are adding value and efficiently delivering the safe, high quality services that our customers require. This contract win confirms that our overall approach is on the right track.

"We will now plan the mobilisation of our project team and aim to start operations in the 2008 calendar year," Mr Bowen said.

The Lhoknga mine and limestone processing plant is owned by PT Semen Andalas Indonesia, a wholly owned subsidiary of Lafarge.

Lafarge is the world's largest cement producer with operations in more than 75 countries.

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