Aveng order book rises to R31,3bn

Friday 23rd October, 2009

Engineering News reported on Friday that Aveng's two year order book had increased to R31,3-billion, compared with the R30,4-billion at June 2009, despite the tight market conditions.
Aveng chairperson Angus Band said that the company continued to pursue opportunities in its total project pipeline, which remained stable at R100-billion.
“In spite of tough trading conditions, the Aveng group is managing its current portfolio to generate and extract value for shareholders through its focus on margin improvement and growth in areas where market opportunities exist,” he added.