Scott Tech tallies up the orders

By Phil Boeyen, ShareChat Business News Editor

Wednesday 7th November 2001

The start to the new financial year is looking much more promising for South Island engineering company, Scott Technology (NZSE: SCT).

Just two weeks ago the company reported the result of a lean 12 months to the end of August, with figures showing technology group sales had been slashed to $16.6 million from $30.7 million the year before and net profit was down 88% to $415,000.

However at the time the company said the second half had been much better than the first and it announced it had secured a $5 million order for a robotic production system for an Australian customer.

Scott Tech has now added to that good news by releasing details of a further group of orders worth almost another $5 million.

The company says its Christchurch-based appliance business has secured a purchase order valued at $1.6 million to supply an appliance manufacturing system into the US, and follows immediately after the successful conclusion of a previous project for the same customer.

The appliance business has also reached agreement with a Chinese customer for an appliance manufacturing system.

"The system is valued at $2.2 million and, again, follows immediately behind the recent successful conclusion of a previous project for the same customer," the company says.

The company's Dunedin subsidiary, Scott Automation, has also signed a deal with a New Zealand customer within the primary industry to develop and provide a range of process automation systems.

"The agreement has an initial focus upon the development of one system valued at over $1 million. This should lead onto the supply of multiple systems and the development of further systems for other processes," SCT reports.

Scott Tech said in its annual result that it has been chasing business in the wider international market while also focusing on helping current customers to introduce new products.

Comments from our readers

No comments yet