MEDIA RELEASE
29 October 2009
Abigroup secures $3.2 billion of new work
Abigroup secured $3.2 billion of new work in the first nine months of 2009
despite the impact of the Global Financial Crisis (GFC) and the company’s
volume for this calendar year will again hit the two billion dollar mark.
Writing in
November’s issue of Abigroup’s quarterly newsletter Blueprint,
the company’s Managing Director David Jurd said the company is poised
on the edge of great growth.
“The market has bottomed out and there are significant
opportunities in the pipeline,” he said.
“In the nine months to September we have secured $3.2 billion of
new work, a staggering result given the economic climate.
“This work, together with emerging new opportunities in areas like
renewable energy, means that Abigroup can look forward to an
exciting and prosperous future.”
David said it was remarkable how the situation had changed since
the start of the GFC.
“At the start of the GFC, just over a year ago, we were staring into
the abyss. The private building market had collapsed and we were
facing a big hole in our business.
“Yet here we are one year on and our volume this calendar year,
with a full twelve month GFC impact will again hit the two billion
dollar mark, a fantastic result.”
David attributes this result to two main factors: the Government’s
economic stimulus measures and to Abigroup’s diversity.
“What has helped our building business has been the Federal
Government’s Building Education Revolution (BER) initiative which
has led to Abigroup securing contracts worth over $300million to
upgrade schools in NSW, Victoria and Queensland.
“On the engineering side we’re bidding large rail and road projects
in Victoria and NSW and we’re currently working on flag-ship
projects like the Gateway Bridge upgrade in Queensland and the
Adelaide Desalination plant.
“The desalination plant project is a good illustration of why we’ve
not suffered as much as we could in the GFC.
“What we’ve done is diversified into new businesses and new
locations to help escape from the traditional boom and bust
construction cycle. The desalination plant is one of several large
projects currently involving our water business and we also have
our telecommunications and mining services businesses as well as
new offices in Tasmania, Western Australia and South Australia.
“We’re also always looking for new business opportunities. What
we know is that if you stand still in this business you get run-over!”
Abigroup is a diverse national contractor with experience in
delivering works in roads, buildings, water, rail, mining services,
telecommunications, tunnels and bridges. Abigroup is part of
Bilfinger Berger Australia which is a wholly owned subsidiary of
Bilfinger Berger AG, one of the world’s top ten multi-service
construction companies.
For further information contact: Peter Scott, Media Relations
Manager, Abigroup Ltd, Ph: 02 9499 0756, mobile 0404 469 823.
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