2013

Redefining What’s Possible

BESIX Group buys shares in Watpac

The arrival of our new major shareholder, BESIX Group, in May 2013 was one of the major highlights of the financial year. BESIX is the largest Belgian construction company with global operations and a history dating back to 1909. Its investment in Watpac provided a stable, sophisticated platform for BESIX to increase its exposure in the Australian construction sector.

On 27 May 2013, the Board welcomed BESIX Group Chief Executive Officer and Chairman, Mr Johan Beerlandt, as a Non-Executive Director. In late 2018 we became a part of BESIX Group giving our team access to the Group's operating techniques and large-scale infrastructure experience.

In 2013, Watpac also reformed its operations by exiting non-performing business units. This eliminated property debt and reduced annual overhead costs.

TRI
TRI

#Despite intense competition and tight margins, the company continued to secure several major new contracts including the Watpac’s first construction project in Northern Territory – the $42 million Darwin International Airport Terminal Expansion.

Other significant project wins included the $206 million Commerical tower development at 180 Ann Street in the Brisbane CBD and the $65 million Port Macquarie Base Hospital Expansion on the New South Wales Central Coast. In Victoria, the business was awarded the $55 million Municipal Building development for the City of Greater Dandenong in Victoria.

In 2013 BESIX Watpac completed several landmark projects, including;


#Gallery

Advanced Engineering Building
Advanced Engineering Building
Port Macquarie Base Hospital
Port Macquarie Base Hospital
Darwin International Airport
Darwin International Airport
Translational Research Institute
Translational Research Institute

"FY13 has been a year of consolidation and change."

Chris Freeman, Watpac Chairman

#Milestones

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