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

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

ALSO:

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news