
The Aveng Group today, announced the appointment of Dr Rob Adam to bolster its leadership within the burgeoning power sector. Having identified the power value chain as a strategic area for growth, leading infrastructure group, Aveng is well positioned to capitalise on the global demand for power. This includes new capabilities in more environmentally-friendly renewable solutions such as wind energy, as well as alternative solutions such as geothermal and nuclear power.
MacDow is pleased to announce that the Adelaide Desalination Plant Project has reached the important milestone of the successful operation of the first 50GL plant for a continuous 24 hour period.
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The Aveng Group announces full year results to end June 2011
Commenting on the results, Roger Jardine, CEO of the Aveng Group said, “These results are a reflection of the group’s resilience considering the numerous challenges faced by the industry. The South African construction and infrastructure environment has slowed significantly, particularly in the public sector. But our geographic diversity, robust balance sheet and strong order book growth have positioned us well to deal with the downturn in the industry.”
Aveng Trident Steel, a subsidiary of leading infrastructure group Aveng, today unveiled its new blanking press line at its Port Elizabeth premises. The 630 ton Servo Press Blanking line, which was manufactured by Shuler of Gemminen in Germany, will allow Aveng Trident Steel to press curved, trapezoidal or straight-edge blanks cost effectively for the motor manufacturing industry.
Further to the attached SENS, Roger Jardine, CEO of leading infrastructure development group, Aveng Group, said: “Through our focus on the construction and engineering value chain, combined with our geographic spread, the Aveng Group has maintained revenue of R16.9 billion and been partly cushioned from significant profit declines in a tough operating environment. The group’s balance sheet and order book remain strong and we are seeing positive results from group-wide efficiency programmes despite a slowdown of project awards and increased competitive pressures.”
The Aveng Group, a leading infrastructure development company, has refreshed its brand architecture. With effect from 25 February 2011, the new brands will be in use and will clearly strengthen the company’s position in the market. The Aveng Group provides a diverse range of construction, infrastructure and engineering products, services and solutions for customers, sustainable profitability for shareholders and is a great place to work for employees.