Australia’s United Group wins A$100 million of rail contracts

June 27, 2008

June 27th (Trading Markets) – Australian engineering services company United Group Ltd. said on Friday it has won A$100 million ($95.6 million) of rail sector work.

The group, which is benefiting from Australia’s booming resources sector, said contracts won include the supply of an additional 315 wagons to BHP Billiton’s iron ore operations in Western Australia’s Pilbara region. It has already sold BHP more than 2,500 wagons.

It has also won an order to supply 13 sulphuric acid tank wagons to fertilizer group Incitec Pivot and has an order to supply 10 locomotives, with an option for a further 30, to leasing company CFCL Australia.

United Group chief executive Richard Leupen said the contracts would help the group replenish and grow its order book.

“Demand in all our business sectors remains robust, underpinned by strong investment in the resources and infrastructure sector,” Leupen said in a statement.

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