Aerison adds to diverse order book

Western Australia-based engineering and construction services company Aerison Group has booked A$100 million of new rare earths, agriculture, green energy and chemical sector work.

Aerison believes upcoming awards from a circa-$5 billion pipeline of opportunities can support its growth targets for the year to December 31.

The company was expecting to report FY22 revenue of $180m, versus $134.9m for FY21, but is yet to disclose its full-year results.

It says its current order book stands at about $370m.

The new work includes various dust mitigation contracts at Pilbara iron ore processing plants, the manufacture and installation of a raw materials conveyor system for Wesfarmers unit, CSBP, and early works for the NeuRizer Urea project in South Australia.

Aerison has also been contracted to provide electrical infrastructure for the Yuri green hydrogen project in WA’s north.

“These contract awards are an important step in delivering our industry diversification strategy with an increasing focus on the critical mineral, agriculture and chemicals sectors,” CEO Giuseppe Leone said.

ASX-listed Aerison has a current market value around $56 million.


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