LaserBond have closed a three year supply contract with Weir Minerals Australia for the supply of a range of machined and coated components.
The supply contract is a step in the development of a relationship between Weir Minerals Australia and LaserBond. It represents progress in the expansion of LaserBond’s capabilities, and integration into supplementary markets such as complete component manufacturing.
Revenue from this supply contract for LaserBond’s Ingleburn facility is $ 2.8 million based on historic sales (effective immediately), representing a three-fold increase in turnover for this key client. The extra CNC machining capacity required to service the supply contract will be brought in over the next quarter.