Supplier wins R77.96m Ilanga contract

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01-07-2016
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The Mercury
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WG WEARNE, the troubled listed ready-mixed concrete and aggregates supplier, has been awarded a contract valued at R77.96 million for the supply and operation of a concrete batching plant at the Ilanga concentrated solar power plant in Upington.

The group said yesterday that the duration of the contract was 32 months. It said the group was also tendering for various other solar and wind farm projects in the Northern Cape in line with its stated objective of participating in this sector of the construction market.

WG Wearne reported earlier this month it had decided to sell all its non-core assets and focus on areas where synergies could be achieved between the aggregate and ready-mix concrete divisions despite this division focusing on the solar and wind farm market in the Northern Cape.

WG Wearne this month reported a widening in its headline loss a share to 6.95c in the year to February. Shares were unchanged yesterday at 8c. – Roy Cokayne