Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Mega Projects Propel BCS Group into Record Year

Mega Projects Propel BCS Group into Record Year


Technology Company BCS Group has just reported a record year, almost doubling its turnover and securing some high profile international wins in both the airport and logistics sector.

CEO Patrick Teo said the company is finalising its year end numbers and expects to top out at $140m FY14 revenue, a $60m rise from the previous year, and marking a CAGR of 22% from 2010.

BCS Group headquartered in New Zealand and with over 400 employees globally, operates in the airport and courier sortation systems, operations and maintenance and solutions and services sectors.

Many of BCS' contracts are now in excess of $NZ25m per contract. Mr Teo said that the company's recognized ability to deal with large, multi-million dollar contracts is instrumental and contracts with individual value greater than NZ$5m now make up more than 75% of the company's annual revenue.

Winning very large baggage handling, self service check-in and courier sortation projects across the world in a market that seems to be building bigger and more efficient centres has certainly fuelled the growth.

"We are seeing the results of developing very good working relationships with all the leading airports in Asia Pacific, including Singapore, Kuala Lumpur, Beijing and Bangkok to provide innovative solutions that help at check in and baggage handling. We've also partnered with aviation specialists like SITA which has given us an entry into lucrative new markets with our innovative technology.

"As costs impact on airlines and airport operators, they are becoming much keener to use technology that improves the operation of the airport both from a customer perspective as well as their own financial performance."

Mr Teo said the company had just completed its largest ever contract, for Kuala Lumpur Airport, where it scooped up a multi-million dollar extension to its contract to complete Malaysia's KLIA2 baggage handling system, on the back of a surprise termination of another contractor by Malaysia Airports Holdings Bhd.

The additional work made it one of the largest airport projects of its type ever awarded to a New Zealand company and the contract provides ongoing revenue for the company through operations and maintenance contracts.
"This past year also saw us working closely with the two leading courier companies in Australasia, Toll and TNT who saw BCS as providing solutions that created a competitive edge for their operations," he said.

BCS Group won the internationally- contested bid to build a highly specialised sortation system for the largest express parcel sorting facility in Australia. Toll Group, Australia and New Zealand's largest provider of transport and logistics, is currently building a 53,000 square metre facility using BCS' sortation system, to help grow the capabilities of a new online parcel delivery service, and triple its parcel sorting capacity .

Mr Teo said the project used a combination of BCS Groups hardware solutions and smart software products Freightflow and SYM3 to provide maximum transparency of its operations, as well as tracking and accurate loading for maximal operational productivity.

"We have made a considerable commitment to R&D within the group, and with the recent $2.4m grant from Callaghan Innovation, we intend to fast track some projects that will ensure we maintain our growth momentum."

-ENDS-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news