| |
|
|
| Order Book |
| |
The project order book stood at R55 billion at 1 July 2008 (2007: R22,5 billion), an increase
of 144% in the year and up 45% on the R38 billion at the half-year. The order book includes
R9,3 billion (A$1,20 billion) in Clough and R5,7 billion (10,4%) extending beyond June 2011.
The order book comprises Construction Middle East at R11,5 billion (R2,2 billion);
Construction SADC at R12,4 billion (R8,5 billion); Mining SADC at R3,2 billion (R3,3 billion);
Mining International at R2,7 billion (R1,6 billion); Clough at R9,3 billion (R5,0 billion);
Engineering Contracting at R11,1 billion (R1,6 billion) and Fabrication & Manufacture at
R4.8 billion (R0.3 billion). The amounts in brackets are the comparative levels at 30 June
2007. The regional order book is SADC 56% (58%); Middle East 22% (13%); Australasia
18% (24%) and North America 4% (5%).
The Group secured a significant involvement in South Africa’s power generation program
during the year, including boiler house mechanical works for Medupi and Kusile Thermal
plants, civil works for Medupi and the EPCM contract for the PBMR Demonstration Plant.
The Group also took a lead role in the submission of a proposal for a conventional nuclear
plant, ensuring the maximum possible localisation and skills transfer for systems and module
fabrication and civil and structural construction.
Activity levels in the Group’s construction materials and services companies remain high,
supporting a positive future outlook for performance delivery. Not included in order book is
the backlog in UCW relating to the locomotive contracts for Spoornet and the recently
awarded supply of ERW steel pipe to Transnet for it multi-product pipeline, the latter valued
at about R2,0 billion. |
|
|
|
