AusGroup and Sunpower announce contracts

AUSGROUP on Monday announced that its subsidiary AGC Industries has won a "significant" maintenance master contract by Chevron Australia.

At 10 years, it is currently the longest maintenance master contract in the Australian oil and gas market. The contract enables Chevron Australia to order full-service asset maintenance from AGC across Chevron's onshore and offshore natural gas and oil production facilities in north-west Australia.

Under the contract, AGC is to deliver a diverse range of services, and a significant number of new roles would be needed to service orders, with recruitment to start in coming weeks.

AusGroup did not disclose the contract value, but it will boost its order book to more than A$1 billion (S$1.04 billion).

Sunpower Group on Monday also said it has secured and is executing a manufacturing and services contract worth about RMB180 million (S$37 million) for an existing customer in the polycrystalline silicon industry.

Under the contract, Sunpower will supply core equipment to the project of the customer. Delivery is expected to be completed in 2022. This is expected to have a positive impact on the group's FY21 and FY22 financial performance.


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