History - Matrix Composites and Engineering

History

Year	Company History
1982	Heavy Engineering business established to service the offshore oil & gas industries
1996	Heavy Engineering workshops sourced in Malaga Orders secured for iron ore materials handling equipment Advanced Materials business established
1998	First deepwater syntactic foam buoyancy block manufactured
1999	First riser buoyancy orders received and completed
2000	Purpose built deepwater syntactic foam plant constructed
2001	First major riser buoyancy contracts completed for Asian and Australian customers
2003	Orders for acoustic syntactic foams for military applications delivered Several orders for specialised offshore oil & gas equipment received
2004	Ultra deep ROV buoyancy system delivered
2005	Major expansion of Heavy Engineering facilities Several deepwater riser buoyancy contracts awarded. Full scale underwater pressure testing chamber constructed Deepwater drill string constructed for a major European drilling contractor
2006	Major expansion of syntactic foam plant
2007	Production of over 100 bend restrictors for a major offshore Brazilian field Several large orders received for ultradeep water riser buoyancy strings
2008	Acquires 100% of ownership of heavy engineering business Phase I of Malaga capacity expansion commenced Financial year order book exceeds $100 million for the first time Advanced Materials Division’s tooling production integrated with the Heavy Engineering Division
2009	Phase II of Malaga capacity expansion commences Lease agreement to lease and develop a purpose build facility at the Australian Marine Complex in Henderson, Western Australia Construction on the world’s highest capacity full scale under water pressure testing chamber commences Financial year order book approximates $250 million for the first time The company was listed on the ASX on November 16th 2009. ASX code: MCE
2011	Consolidates Business Units and discontinues the Begley International name. Newly created division called Matrix Offshore Services & Engineering Stage I of Henderson development complete and production commenced