Austin Engineering marks the 10-year anniversary of its listing on the Australian Stock Exchange (ASX) this March.
The leading non-OEM manufacturer of engineered mining and earthmoving products was admitted to the Official List of the ASX on 4th March 2004 and the Official Quotation of Austin’s securities commenced on Tuesday 9th March 2004.
Originally founded in 1982 and acquired by West Australian Metals Ltd in 2003, Austin was floated on the ASX soon after.
From that point, Austin Engineering made a series of acquisitions including Perth-based John’s Engineering & Cranes Pty Ltd or JEC (2004), Kaldura Industries (2006) and Austbore (2007) located at Mackay in Central QLD, and Western Technology Services based in Wyoming USA (2007).
In 2009 the company moved into the South American market with the acquisition of a steel dump truck body business from Conymet Ltda based in Antofagasta - Chile’s largest mining region. Austin continued its growth story in Australia by acquiring West Australian based Pilbara Hire Group Pty Ltd, Hunter Valley NSW-based Phillips Engineering Pty Ltd, and the COR Cooling Group in 2010.
In 2011 Austin Engineering expanded their global presence through the acquisition of the business of V&V at Calama in Chile and the opening of three new manufacturing factories - Austin Indonesia at Batam Island, Austin Ingenieros Colombia at Barranquilla and Austin Engineering Peru in Lima. 2013 saw the acquisition of the business of Servigrut, a supplier of heavy equipment lifting, transportation and site services to the mining and industrial markets in Chile.
Moving forward, Austin Engineering anticipates increased demand for their products due to sustained higher levels of mining production. Going forward, the company also expects the maintenance and repair of equipment to form a larger part of the group’s revenue.
Austin Engineering is a leading designer and manufacturer of customised dump truck bodies, buckets and ancillary products used in the mining industry. It is also a complete service provider, offering on and off-site repair and maintenance and heavy equipment lifting services to customers including miners, mining contractors and original equipment manufacturers.