Manufacturing News

Multi-million dollar component contract signed

LaserBond has signed a three year supply contract with Weir Minerals Australia for the supply of a range of machined and coated components.

The contract is a further step in the development of a close relationship between Weir and LaserBond that began in 1993.

It represents significant progress in the expansion of LaserBond’s capabilities, and integration into supplementary markets such as complete component manufacturing.

Revenue from this contract for LaserBond’s Ingleburn facility is $2.8m based on historic sales (effective immediately), representing a three-fold increase in turnover for this key client.

The extra CNC machining capacity required to service this contract will be brought in over the next quarter. LaserBond was founded in 1992 as HVOF Australia, specialising in the reclamation of industrial components with a range of cutting edge surfacing technologies.

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