Last A$1.14 AUD
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As of 9:24 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

matrix composites & eng (MCE) Snapshot

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05/13/14 - A$1.60
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matrix composites & eng (MCE) Details

Matrix Composites & Engineering Ltd is engaged in the design, testing, manufacture, distribution, and service of engineered products for use in the oil and gas, and mineral resources industries. Its Composite Materials segment provides buoyancy systems, pipeline insulation, pipeline and riser protection, riser ancillaries, and down hole products to the offshore oil and gas industry, as well as supplies product solutions for military and other commercial applications. This segment offers drilling products, such as riser buoyancy, riser shields, riser protectors, riser clamping systems, and xirpatch automatic kits; well construction equipment, such as centralizers, primary cementing equipment, casing reamer shoes, and annular pressure build-up mitigation foam; cryogenic insulation systems comprising molded pipe insulation products, composite cryogenic pipe thermal break blocks, cetrafoam fixed and design pre-insulation systems, and cetrafoam molded single layer cryogenic insulation; and subsea, umbilicals, risers, and flowlines ancillary equipment consisting of pipeline and umbilical buoyancy systems, general buoyancy systems, coating and protection systems, flexible flow lines and umbilical accessories, and clamping systems. The company’s Offshore Services and Engineering segment offers connectors, conductors and casing, offshore structures, subsea skids and manifolds, offshore cranes, and winches; and testing, refurbishment, and maintenance services to the oil and gas industry. This segment also supplies heavy material handling equipment, winches, and other processing equipment to the mining and mineral processing industries. The company also manufactures and sells syntactic foam buoyancy and associated products; injection molded composite plastic and polyurethane products; and fabricated metal products, as well as provides offshore labor and specialized maintenance services. The company was founded in 1980 and is headquartered in Henderson, Australia.

344 Employees
Last Reported Date: 08/14/13
Founded in 1980

matrix composites & eng (MCE) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$511.7K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$363.3K
Chief Operating Officer of Matrix Composites ...
Total Annual Compensation: A$354.8K
General Manager of Matrix Offshore Services &...
Total Annual Compensation: A$203.3K
Compensation as of Fiscal Year 2013.

matrix composites & eng (MCE) Key Developments

Matrix Composites & Engineering Limited Receives Orders for Drilling Products Worth Approximately $28 Million

Matrix Composites & Engineering Limited received orders for drilling products worth approximately $28 million, similar to third quarter of fiscal year 2014. Matrix did experience some delays to finalization of orders due to a combination of protracted award processes and slippage in vessel delivery dates. Matrix has been able to capture work from the increasingly active market for replacement and spare riser buoyancy, which provides added diversity. The company secured a significant new order for large installation buoyancy required for the Australian market.

Matrix Composites & Engineering Limited(ASX:MCE) dropped from S&P/ASX All Ordinaries Index

Matrix Composites & Engineering Limited(ASX:MCE) dropped from S&P/ASX All Ordinaries Index

Matrix Composites & Engineering Limited Announces Executive Changes

Matrix Composites & Engineering Limited announced the retirement of Mr. Nigel Johnson from its Board of Directors as well as the scheduled appointment of Mr. Steven Cole as a director of the company at the forthcoming board meeting in April 2014. Mr. Johnson had indicated his intention to resign in the new-year at the company's Annual General Meeting in November 2013. Nigel Johnson chaired the Board from 2008 until 2011, overseeing the capital investment decision to build the company's Henderson manufacturing facility as well as guiding the business through the Global Financial Crisis. Nigel oversaw the development of a strong foundation that is now being used to leverage future growth. Going forward, ongoing materials and product research, productivity efficiencies, diversification of product lines and the development of service and project delivery capabilities will allow Matrix to continue growing market share in new and existing markets. Nigel was also responsible for implementing strong corporate governance processes and providing invaluable oversight to the financial management of the company.


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