N E W S
Reality modelling
with endless
possibilities
Reality modelling is becoming a
major component of engineering,
construction, asset inspection
and other workflows.
Add real world context to help you
solve your problem – in design
and construction, monitoring
changes, asset condition
inspection as well as creating a
real world replica of a situation for
forensic and security use – the
possibilities are endless.
The free full-day workshop will
discuss the advancements
in Bentley’s reality modelling
solution, ContextCapture, and
how it can be applied to a wide
range of applications across
many industries and sectors.
You will see what ContextCapture
has to offer as Bentley experts
share best practices for capturing
data and processing 3D models.
We will also take a closer look
at some of the new features
available in ContextCapture.
You will also hear from AAM Group
and Nearmap on their experience
continued page 15
Our
commitment
At MAS, we’re committed to doing what we can to
make a positive impact on the health and wellbeing
of future generations of New Zealanders, and to a
more sustainable country.
It’s why we’ve implemented a socially responsible investing approach
across $1.4 billion of superannuation funds and insurance reserves and
do not invest in the manufacture and sale of armaments, tobacco, or
the exploration, extraction, refining and processing fossil fuels.
Talk to us about our socially responsible
Retirement Savings and KiwiSaver plans today
by calling 0800 800 627 or visit mas.co.nz
REN178
14 September 2018
Steel fabricator NDA back in black
Steel fabrication firm NDA Group returned
to profit in 2017 as a recovery in its key
markets and an expanding footprint at
home and abroad underpinned a 52%
increase in sales.
The Hamilton-based company reported
a profit of $951,000 in calendar 2017,
turning around a loss of $15.4 million a
year earlier, financial statements lodged
with the Companies Office show. Revenue
climbed to $162.8 million from $107 million,
outpacing a 40% increase in costs
to $156.8 million.
NDA's steel fabrication products and
services span Australia, New Zealand
and the US. They focus on dairy, wine,
food processing and beer, oil and gas,
and water treatment.
Chief executive Mark Eglinton says last
year's sales growth came from "a broadbased
recovery in our key markets" of
dairy, wine, food processing and beer
where activity returned to "more normal"
levels.
That was supported by local expansion
in Taranaki, Invercargill and Christchurch,
and the acquisition of a business in Oklahoma,
US that designs and manufactures
heat exchangers and air cooling systems.
NDA's North American SHECO business
makes specialist equipment for chemical,
gas processing and water processing
industries.
The accounts show the company projects
more rapid revenue growth in the US
during the next three years than in New
Zealand and Australia. Eglinton said the
US oil and gas processing market was
"fast growing".
"We continue to grow both in terms of
revenue and profitability, albeit at slightly
more modest rates than 2017," he said in an
email. "We have just commissioned a new
manufacturing plant in Tulsa, Oklahoma,
have materially increased our presence in
the processed water segment in NZ and
continue to invest significant resources
into automating our design and manufacturing
processes."
NDA employs more than 700 people
across its operations. Its wage bill rose 13
percent to $45.8 million last year.
In July last year, NDA bought Taylors
Engineering for $6.4 million. The Blenheim
based company provided wine
silos and equipment to the Marlborough
wine industry. The deal was for $3.4
million upfront and $3 million deferred.
It will expand NDA's existing fabrication
business for the wine sector.