VDM secures $6m Cemex contract

17/10/2008 - 08:29

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A subsidiary of VDM Group Ltd has secured a near $6 million contract from Cemex for works in the Pilbara.

VDM secures $6m Cemex contract

A subsidiary of VDM Group Ltd has secured a near $6 million contract from Cemex for works in the Pilbara.

 

Below is the announcement:

VDM Group Ltd (ASX: VMG) announced today that its subsidiary VDM Resources & Infrastructure Pty Ltd, trading as Rocktec, has been awarded a contract by Cemex at Port Hedland, Western Australia.

The contract is for the screening and processing of a range of core and armour rock sizes for marine construction.

The material is required for Cemex's customer, BHP Billiton, for that company's port facilities expansion at Port Hedland. The base contract is worth just under $6 million. There is provision for extensions to the scope of works which Rocktec expects to occur. The Group's Chief Operating Officer for the Resources & Infrastructure Division, Darryl Ferrara said "this contract establishes Rocktec's presence in the Pilbara and we are already collaborating with Cemex on quarrying and raw material production supply contracts for other major resource projects."

VDM Group's Chief Executive Officer, John Farrell commented: "We are particularly pleased to be working with such a prestigious global blue chip company such as Cemex. This is a good opportunity for us to broaden our scope of works with them at other sites. The specialist skills that Rocktec offers are reflected in the business securing this contract. Our market research suggests very healthy ongoing demand for Rocktec's services in both the immediate future and into the longer term."

 

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