Briefcase: Business snippets from a Kent Town showroom to job cuts at major bank
In this week’s Briefcase, an SA-based radiator provider has announced a major infrastructure project in Thailand, and a new contract to upgrade Pelican Point Power Station has been signed.
- New showroom launches in Kent Town
- Adrad signs Thailand expansion
- Job cuts at major bank
- Pelican Point upgrade contract secured
- Mayfield Group announces latest acquisition
New showroom launches in Kent Town
A new Kent Town showroom combining two local architecture and design businesses has been opened by Curated By Tom (CBT).
The showroom is the state’s first premium collection of Tongue and Groove timber flooring and Oblica Fireplaces under one roof, offering architects, interior designers and homeowners an opportunity to experience both brands.
Founder of CBT and 40 Under 40 recipient Tom Anderson said the latest showroom represented the best of SA’s design community.
“From the very beginning, Curated by Tom has been about creating genuine relationships and helping people make thoughtful, lasting decisions for their projects with high-quality products,” Anderson said.
Adrad signs Thailand expansion
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Adelaide-based radiator and air conditioning product provider Adrad has approved a $3 million expansion at the company’s Thailand manufacturing operations.
A second factory adjacent to the existing facility will be built, adding approximately 4000 square metres of manufacturing space to support the growing demand across Adrad’s Heat Transfer Solution.
Construction on the new factory is set to begin this month, with the outer structure of the property expected to be complete by July 2027.
“Thailand is an important part of our manufacturing footprint, and this expansion will provide additional capacity and flexibility to support current customer requirements and future growth opportunities, including across data centres, coil products and future aluminium manufacturing,” Adrad CEO Paul Proctor said.
Job cuts at major bank
Bendigo Bank is set to cut 45 job roles across the country, with the majority in Adelaide.
Staff members who deal with industry stakeholders and brokers in third-party banking have been informed that roles will be replaced and outsourced through overseas provider Genpact.
More than 400 jobs have been cut in the past 12 months after Bendigo Bank signed outsourcing deals with Genpact and Infosys.
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“This isn’t just about 45 jobs – It’s about a business model that is steadily replacing Australian workers with cheaper overseas labour while walking away from the communities that built this bank,” Finance Sector Union national secretary Julia Angrisano said.
Pelican Point upgrade contract secured
ABB has been selected by ENGIE Australia to modernise the distributed control system infrastructure at Pelican Point Power Station in Outer Harbour.
Pelican Point is a natural gas-fired power station with two gas turbines and one steam turbine, generating a maximum capacity of 532 MW of electricity to South Australia.
ABB will be tasked with modernising the facility’s infrastructure to enhance the automation technology, strengthen cyber security and improve real-time monitoring.
“Our collaboration with ABB is delivering meaningful outcomes by strengthening efficiency, reliability and long-term asset value, as well as positioning the station for sustained performance in a changing energy landscape,” distributed control system engineer Tanvir Momin said.
Mayfield Group announces latest acquisition
Mayfield Group has announced it has entered into a binding Asset Sale Agreement to acquire Nilsen’s Switchboards Division.
The acquisition includes the N-Series product line and all associated intellectual property for $4 million cash subject to price adjustments.
The N-Series is a switchboard platform with applications across commercial, industrial, infrastructure, defence, mining, utilities and data centre markets.
“We are pleased by the opportunity for the business, employees expected to transfer, and our product offering to become part of a group with the capability to support future growth while respecting the legacy that has been created,” Nilsen executive chairman Oliver Mark Nilsen said.
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