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WestStar Industrial Ltd. ( (AU:WSI) ) has issued an announcement.
WestStar Industrial Limited’s subsidiary, SIMPEC, has secured a $4 million contract to deliver structural, mechanical, and piping works at the Tianqi Lithium Hydroxide Processing operation in Kwinana, Western Australia. This project, which aims to enhance the facility’s capacity, aligns with SIMPEC’s strategy to support Australia’s energy transition and strengthens its position in the lithium and clean-energy sector. The project is expected to commence immediately and complete by Q4 2025, marking a significant milestone for SIMPEC as a trusted partner in complex industrial projects.
More about WestStar Industrial Ltd.
WestStar Industrial Limited is an Australian industrial services company that operates in the energy, resources, utility, and infrastructure sectors. It provides steel fabrication, installation, and maintenance services, focusing on the resources, oil and gas, water, and infrastructure industries. Its subsidiary, SIMPEC, specializes in construction and asset management, offering structural mechanical and piping, electrical and instrumentation, and civil services.
Average Trading Volume: 159,361
Technical Sentiment Signal: Sell
Current Market Cap: A$7.6M
See more insights into WSI stock on TipRanks’ Stock Analysis page.