Matrix Composites and Engineering: Secures $14m purchase order
- Matrix Composites and Engineering (MCE) has secured a $14 million purchase order for the supply of a Deepwater Drilling Riser Buoyancy System
- The order comes from Himile Mechanical Manufacturing and follows on from a Letter of Intent, secured in December
- The company will develop the riser buoyancy modules and riser protection system to support a new build deepwater floating rig project in Asia
- The equipment will be built at its facility in Western Australia, with completion and shipment expected in the March quarter of next year
- Shares were trading 14.3 per cent higher today at 16 cents each at 2:52 pm AEST
