Bradken Limited Annual Report 2015 - page 20

20 l BRADKEN LIMITED ANNUAL REPORT 2015
MINERAL PROCESSING
The Mineral Processing Division is a global manufacturer of custom designed products for grinding mills, crushing and
conveying equipment predominantly for the hard rock mining industry. The Division’s customers include some of the world’s
largest mining companies, as well as the range of industry OEMs.
The Division serves customers through the provision of design, manufacture and aftermarket support and optimisation in their
mining operations in over 30 countries across five continents.
Sales and product support resources are deployed close to customer operations in Australia, Asia, Africa, North America,
South America, China and throughout the Commonwealth of Independent States (CIS). Dedicated manufacturing facilities
are located in Australia, Malaysia and Canada. Product is also sourced from Bradken Group facilities in Australia, China,
the United States of America and the United Kingdom. The Division is the market leader in the manufacture and supply of
grinding mill liners.
Year in Review
2015 saw a continuation of the dower resource sector market conditions experienced over the last several years. Against
this backdrop the Division’s FY15 sales of $216 million represented a 7% reduction on the previous year. Again the market
was characterised by limited greenfield project development along with a commensurate wind-back in OEM demand for first
fitment product. A continuation of customer austerity initiatives and constrained production also reflected in a sluggish after-
market.
Despite these challenging conditions, the Division secured material new business in the Americas. Much of this business
has emanated from South American countries where Bradken market share has been small, relative to the total accessible
market, but the subject of significant business development efforts. The annuity effect of this new business will be material
in future years.
Execution of the Division’s strategy to re-base cost structures continued in 2015 with the closure of Henderson foundry in
Western Australia, the announced closure of the Adelaide foundry in South Australia and the deal to acquire a large and
relatively new jobbing foundry in India. FY16 will see the integration of the new Indian foundry well advanced with some
synergy benefits budgeted in that fiscal year.
Bullnose
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Discharge Cone installation, Zambia
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