An announcement from Acrow Formwork and Construction Services Limited ( (AU:ACF) ) is now available.
Acrow Limited’s subsidiary, MI Scaffold, has secured a substantial contract renewal with the BHP Mitsubishi Alliance, valued at a minimum of $60 million over three years, with an option for a fourth year. This contract, covering BMA’s Bowen Basin coal mines and Hay Point Coal Terminal, is expected to significantly bolster MI Scaffold’s business, representing at least 35% of branch revenue and marking the largest contract win for Acrow’s Industrial Access division.
More about Acrow Formwork and Construction Services Limited
Acrow Limited is a leading provider of smart integrated construction systems in Australia, specializing in formwork, industrial access, and commercial scaffolding. The company offers a range of solutions including falsework, shoring, screen solutions, and jacking systems, with a strong focus on innovation and expansion in the civil infrastructure market. Operating in 15 locations with over 60,000 tonnes of equipment, Acrow is committed to efficient project delivery and setting national standards in engineered industrial and construction services.
YTD Price Performance: -4.72%
Average Trading Volume: 1,000
Technical Sentiment Signal: Sell
Current Market Cap: €190.8M
For detailed information about ACF stock, go to TipRanks’ Stock Analysis page.