Wednesday, 25 October 2023
by Rose White
Southern Cross Electrical Engineering (ASX:SXE) (SCEE) has added $50 million worth of contracts to its portfolio amid a change in leadership.
The $211.80 million market capitalisation company says this influx of work will see its SCEE Electrical, Heyday, and Trivantage businesses provide a number of services for a variety of resource, infrastructure, and construction companies.
These contracts include a switchboard replacement project in Western Australia for BHP Iron Ore, a subsidiary of mining giant BHP (ASX:BHP), under which SCEE Electrical will replace and upgrade substations, switchboards, equipment, and cabling.
The company reports the completion of this project is scheduled for January 2026.
SCEE notes it has received additional awards across the infrastructure and commercial sectors, with Multiplex Constructions awarding Heyday the electric design and construct works package associated with Separable Portion 13 – Hyperscale 2 tranche 2 at the NEXTDC SYD03 Artamon New South Wales data centre — where Heyday is already working.
The company states this is the third ‘significant’ project awarded to Heyday at this data centre and will see Heyday fit out the new Level 5 Hyperscale Data Hall, including lighting, cable supports, sub-main cabling, and an over-the-rack busway system, together with the installation of 4 new power system modules.
The company expects to have work completed in October 2024.
SCEE also notes Richard Crookes Constructions has awarded Heyday with an electrical services design and construct contract for the City Tattersall’s Club redevelopment project on Pitt Street in Sydney.
Under the Sydney contract, the venue will undergo a ‘major’ renovation and redevelopment, in which a 51-level tower comprising 241 apartments and a 110-room hotel will be constructed. SCEE states work has begun and is expected to conclude in Q1 2027.
SCEE’s Trivantage Manufacturing arm has been employed by both Siemens (N.Z.) and Teck Global to supply power distribution equipment to be installed as part of the second expansion phase at the DCI Data Centre in Auckland, New Zealand, and deliver a range of low-voltage switchboards that will form part of a Battery Energy Storage Project in Kwinana, Western Australia, respectively.
SCEE Group Managing Director Graeme Dunn says these awards are a testament to the company’s diversity and range across Australia.
“Again these awards demonstrate the geographic diversity and sectoral range SCEE has across the Australian economy.
Data Centres are a strong area for us, and this announcement shows the multiple touch points that our businesses have in that segment, with project wins for both Heyday and Trivantage.”
“this announcement shows the multiple touch points that our businesses have in that segment, with project wins for both Heyday and Trivantage”
The company also announces that consistent with its board’s succession plan, Derek Parkin will retire from his position as Chairman on 31 October 2023. Parkin will continue as an independent Non-Executive Director but retain his positions as Chairman of the Audit and Risk Management Committee and member of the nomination and remuneration committee.
SCEE adds independent Non-Executive Director Karl Paganin will accede to the role of Chairman immediately after Parkin’s resignation.
SCEE is a national electrical, instrumentation, communications, and maintenance services group of businesses diversified across 3 broad sectors — infrastructure, commercial, and resources.
Write to Adam Drought at Mining.com.au
Images: Southern Cross Electrical Engineering