Civmec awaits bonanza from commodity rush, defence spending, infrastructure

AUSTRALIAN engineering firm Civmec, one of the Singapore Exchange's "OSV (offshore supply vessel) plays", was not merely insulated from the pandemic-led operational strain that whipped the sector last year but also clinched several fresh jobs, all of which have added a spring to its step in 2021.

"We've been quite, quite lucky in Western Australia. It (the outbreak) hasn't had a huge overall impact on the business. The projects we're working on still carried on. The only area where we had some slight impact was in the maintenance segment. And that was deferral of work rather than cancellation," chief executive Patrick Tallon told The Business Times in an interview.

Sweetening the proposition further for the firm - that derives the bulk of its revenue from full turnkey services for the metals and mining sector - is a bigger and better waterfront facility in Henderson, south of Perth, where Civmec is headquartered.