Industrials Stock News Downer EDI (DOW)

Downer EDI ASX DOWDowner EDI (DOW) specialises in the engineering, construction, telecommunications, mining and resource sectors in Australia, New Zealand and the greater Asia Pacific region.

DOW has been one of the shares to sell in 2010 as it contended with falling profits and major problems with its Waratah trains project.

On 8 December, DOW announced further delays in the delivery date of the first of its Waratah trains to RailCorp.

DOW now expects the first Waratah train to be delivered following the completion of a number of tests in January.

The damages payable by DOW were included in the $190 million provision previously announced on 1 June.

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