Watpac grows record portfolio
Construction, civil and mining contracting specialist Watpac has announced a record $2.3 billion portfolio as the company moves to expand further its mining services and construction projects around the country.
The company has announced new contracts in construction, civil, mining and speciality services divisions that total around $400 million.
Managing director Greg Kempton attributed the group’s exponential growth to product and geographical diversification, which enabled the company to secure a series of key contracts in new markets.
“As a result of out strong nationa presence and diversified project strategy, Watpac has maintained its record work in hand of approximately $2.3 billion across projects in Queensland, New South Wales, Victoria, South Australia and Western Australia,” Mr Kempton said.
“Of this, our civil infrastructure and mining services portfolio – established four years ago- has achieved a total work in hand position of approximately $750 million, comprising over 30 per cent of Group turnover and almost 50 per cent of Watpac’s current workforce.”