Austin order surge sets up 2022

Austin

Austin Engineering has closed 2021 with a significant order book boost, adding $60 million during November and December across Asia Pacific and the Americas.

The promising finish to the year saw Austin’s order book 19 per cent higher than the same point in 2020.

The raft of orders included over 100 haul truck bodies, excavator buckets, water tanks, mine chutes and repairs and maintenance works.

Included was an order from gold miner OceanaGold in New Zealand for more than 20 truck bodies to be delivered before July 2022.

These bodies will use Austin’s modularised truck body design to mitigate issues with shipping logistics, allowing for construction to be completed closer to the mine site.

Austin chief executive officer and managing director David Singleton said the strong finish to the year saw benefits flow across the business.

“We are pleased to see increasing momentum in sales activity across the board for both new products and repairs, and the recent uptick in orders sets Austin up for a strong sales performance in the second half of FY22,” Singleton said.

“With a strong order book, and strong commodity prices, our facilities are operating at high levels of throughput as we start the new year.

In comparison to November and December’s order surge, Austin’s order book to finish FY21 was $90 million, with truck bodies revenue totalling $135.3 million for the same 12-month period (about 68 per cent of total revenue).

Singleton also teased that the company would be releasing something new in 2022.

“In addition, we will be launching some updated products in the current half with improved efficiency and safety features which, we believe, will further cement our leading position in the mining products industry,” he said.

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