Engineering and construction company UGL Ltd
(ASX:UGL) formerly United Group, has secured $108 million worth of new locomotive supply and maintenance projects.
The new orders include the design and manufacture of 10 C44ACi locomotives for Xstrata Coal, and a 10 year maintenance program for these locomotives and a further 300 wagons.
CEO Richard Leupen says these orders underpin the company’s position as Australia’s leading provider of rolling stock products and services to the freight rail sector and augmented recent contract wins in the passenger rail sector.
UGL Rail is to service these orders from its Taree, Goulburn and Broadmeadow facilities and majority of the manufacturing and supply projects have already commenced.
Mr Leupin says UGL’s Rail business has a strong pipeline of tendering opportunity in the Australian market and is assessing other opportunities in new and existing international markets.
UGL posted net profit of $142.4 million in 2009.
