Perth mining equipment manufacturer Austin Engineering has received a US$20 million grant and loan package which will support the rebuilding and expansion of its US production facility at Casper, Wyoming. Together with a further US5 million investment by the company, the new facility will be its biggest-ever expansion and follows investment in facilities in Perth,…
Austin powers ahead on benefits from revamped manufacturing Perth mining equipment manufacturer Austin Engineering has reported an EBITDA of $31 million for FY23 on revenue up 27 percent on the previous year to $258 million. Operating cash flow for the year was $15.8 million, up 236 percent, with the company ending the year with an…
Perth mining equipment manufacturer Austin Engineering has maintained strong growth in its order book as it continues to ride a resurgent mining sector. Reporting the outcome of a massive order it foreshadowed in May, the company said the orders had been conformed, plus 25 percent in additional orders bringing the deal with a single buyer…