2014 has seen a new reality revealed for Bradken
in light of the continued downturn in the mining
capital products market. Until April this year,
Bradken Management had remained warily
optimistic that an upturn in the market was on the
horizon, however with this still not yet evident we
have shifted our focus to right sizing the business
in the current circumstances.
Measures have been taken to position the business to
maintain our earnings quality which has meant the closure of
a number of Australian plants. While well run, they were
subscale in global terms and with high labour and energy
costs were unable to compete going forward.
We are now planning beyond this period and looking to
invest in initiatives which will restart growth in the company.
We are also working on a number of small complementary
acquisitions, currently in the later stages of consideration,
which have the potential to improve our Asian low cost base
and add to our consumable product portfolio.
On behalf of the Senior Management Team I would like to
take this opportunity to thank our employees for their
continued efforts and also our loyal customers for their
continued support. To you all, have a safe festive season and
a happy New Year.
Regards
Brian Hodges
Managing Director and CEO
CEO
MESSAGE
This edition was brought to you with contributions from:
Crawler Systems – Gabrielle Sumner
Energy – Ray Jacques/Brandon Sparrow
Environment – Greg Chaplin
Information Technology – Mark Ryan
Mineral Processing – Arpit Srivastava
Transport & Industrial Products – Roger Denston
Editor/Writer – Erin Evans
Designer – Ben Pickles
Registered Trademarks
All company names, logos, product names and identifying marks used
throughout this publication are the property of their respective trademark
owners. They are used for descriptive purposes only and are protected by
the relevant laws of the countries in which the trademarks are registered.
AUGUST 2014
marked the 10 year anniversary of Bradken’s
listing on the Australian Securities Exchange (ASX).
Bradken Limited was officially listed on 18 August 2004 with
the first day of normal trading occuring on 22 August.
The Company was originally founded as Bradford Kendall
Limited in 1922 and built its first steel foundry in Sydney to
service the Australian steel, rail and resources markets.
Since 2004 Bradken’s activities have been concentrated on
the globalisation of our range of core products and services.
Today the Company remains firmly commited to this strategy
while at the same time remaining focused on opportunities in
new and emerging markets.
BRADKEN REACHES
10 YEAR ASX MILESTONE
3/
Cast Metal Services rebrand
4/
Dump Block added to Harmonise range
6/
Plant upgrade at Merlimau, Malaysia
7/
Transport & Industrial Products Division
8/
50 years in Dunedin, NZ
10/
New product range gets a standing OVATION
12/
IT Resources Policy update
13/
Gone Phishing - Tips for avoiding email scams
14/
Sulzer HSB Pump
16/
Runcorn's multi-million dollar dust extractor
GLOBALEYES / EDITION 14
2
CORPORATE
IN THIS EDITION
CEO
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