SIMPEC has won its largest contract to date – an $8 million agreement at Tianqi Lithium’s Kwinana processing plant in Western Australia.
The Tianqi contract entails piping and insulation for the processing plant’s Pyromet area.
It was awarded by MSP Engineering, following SIMPEC’s work for Talison lithium mine’s chemical grade plant two (CGP2) project at Greenbushes in Western Australia.
Greenbushes Lithium is also 50-per cent owned by Tianqi, and its spodumene ore will be processed at Kwinana.
Kwinana’s lithium hydroxide process plant (LHPP) is expected to produce 48,000 tonnes per year upon completion.
Bert Mondello, director WestStar Industrial, SIMPEC’s parent company, said, “With this award, SIMPEC has further demonstrated its immense value to the group – with all divisions now winning significant pieces of work and growing exponentially.
“This award will no doubt place SIMPEC in a strong position to win further work and larger contracts.”
The group order book to date is siting at $25 million against a full year revenue of $9 million for WestStar last year. WestStar acquired SIMPEC in an all-scrip deal worth around $2.2 million in August last year.
MSP is the head contractor for the design and construction of the two-stage Kwinana lithium project.