Leighton boost leads to optimism

By Steve Skinner16 September 2009

Wal King, CEO of Leighton Holdings

Wal King, CEO of Leighton Holdings

Wal King, CEO of Leighton Holdings has said the company's order book is now approaching AU$ 40 billion (US$ 35 billion).

Orders at 30 June totalled AU$ 37 billion (US$ 32 billion), up +22% on the AU$ 30 billion (US$ 26 billion) reported at the same time last year, but down on the record AU$ 37.5 billion (US$ 32.6 billion) recorded on 31 December 2008.

"There was a lot of speculation about cancellations and the like and there were cancellations and cutbacks," he said. "Since the end of June this year however, there has been a raft of new projects.

"The momentum has changed from last year," said Mr King. "Very strong headwinds last year turned to neutral winds in about April and now we are in a position where tailwinds have once more emerged," he said.

Latest News
FNA Group to nearshore engine, component manufacturing
Power equipment supplier looking to overcome supply chain issues by making more critical components including internal combustion engines
Georgia Ports Authority places Konecranes’ largest RTG order
As part of its existing container operations at the Ocean Terminal facility, 55 hybrid Konecranes rubber-tired gantry cranes were purchased.
LGH grows sales with four new representatives
Todd Patriquin, Mark Murphy, Stephen Norman and Aaron Orsak have been appointed to new sales and rental support roles at LGH.