Bradken announces today the upcoming sale of its Ipswich site to White Industries.
A Heads of Agreement has been signed between the two companies with transfer of the site in the last quarter of 2021.
Bradken announced last year its intention to focus its growth plans on the mining sector, following a review of its global operations. The sale of the Ipswich site is a result of the strategic decision to move away from the industrial markets in Australia and New Zealand.
Bradken will cease operating its foundry and machine shop in July. As part of a lease agreement with White Industries, Bradken will continue to operate its Fabrication plant on the Ipswich site. The Fabrication plant will employ approximately 25 people serving the domestic mining services market.
Bradken CEO, Sean Winstone, acknowledged the contribution of the Ipswich site to the Bradken business.
“Our Ipswich site has a proud history of providing innovative customer solutions, having delivered complex, quality products for our mining, rail and industrial customers over the past 50 years.
I would like to take this opportunity to thank our customers and the local Ipswich community for their support, and our employees for their dedicated service during this time”, said Mr Winstone.