Valmec Limited (ASX:VMX) has secured $7.5 million worth of additional service contracts through its gas and infrastructure divisions, further building its existing service contracts book.
The contracts, which are based in Western Australia and at Moomba in South Australia, extend across a number of industries including land infrastructure and oil and gas maintenance services and construction.
Valmec continues to work closely with a number of oil and gas explorers and producers as they develop their current upstream infrastructure development programs, placing it in a strong position to secure these projects when they proceed.
The new contracts support the company’s recurring revenues base and reflect the depth of service offerings it has through different industry sectors.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.
