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Glencore to support Paranapanema Restructuring

Glencore plc (''Glencore'') announces that it has entered into an agreement with Paranapanema (''PMA'') to support its capital and debt restructuring through an investment of R$66,000,000 (Brazilian Reais) or approximately USD$21,000,000 in PMA's possible upcoming issuance of new shares ("the Transaction").

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Continental signs collaborative Agreement with Caterpillar

 

Continental and Caterpillar Inc. have signed an agreement to equip Cat Off-Highway-Trucks (model series 770 to 775) with Continental RDT-Master tires in sizes 18.00R33, 21.00R33 and 24.00R35. The agreement also calls for the two companies to collaborate on designing new tires for two other Cat products: Medium Wheel Loaders and Articulated Dump Trucks.

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Superior announces new Crushing and Screening Dealer in Mexico

Superior Industries Inc., a U.S. based manufacturer and global supplier of bulk material processing and handling systems, has announced Construmac as a new dealer of Superior crushing and screening equipment. Construmac will market, sell, and service Superior’s line of crushers and screens including the Liberty Jaw Crusher, Patriot Cone Crusher, Valor Vertical Shaft Impactor, Guardian™ Horizontal Screen, Anthem Inclined Screen, and Intrepid Vibrating Grizzly Feeder.

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Sotkamo Silver announces Extension of Agreement with ABB Oy

Sotkamo Silver is delighted to announce that the agreement with ABB Oy concerning sales of technology, has been extended until June 30th 2017. The agreement covers engineering, design, delivery and supply of electrification, automation and instrumentation. The estimated value of the deliveries are about 5 million euro. The value of the supply financing is dependent on the value of the delivery.

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SMT Scharf boosts Profitability on reduced Revenue

SMT Scharf AG is reporting a considerable improvement in its operating results during the first months of the current fiscal year. The declining revenue trend at the start of the year stabilised in the third quarter, reflecting robust service business offsetting reductions in new equipment business.

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Femern AS and BBT SE: Two of Europe’s biggest mega Projects sign Agreement on mutual Cooperation

 

The Fehmarnbelt Fixed Link between Denmark and Germany and the Brenner Base Tunnel between Austria and Italy are both record-breaking European mega projects that will play a vital role in the future European transport network. On Wednesday 21st September, representatives from the project companies, and members of the two regional development organisations, String and Brenner Corridor Platform, signed an agreement on mutual co-operation.

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Wacker Neuson and Caterpillar to end strategic Alliance for mini hydraulic Excavators in 2018

In 2010, Wacker Neuson and Caterpillar entered into a strategic alliance which saw Wacker Neuson developing and producing mini hydraulic excavators under three tons operating weight exclusively for Caterpillar at its production plant in Hörsching, Austria. Initiated by Caterpillar, both parties have today agreed to end their strategic alliance as of May 31, 2018. Caterpillar plans to manufacture and market its own mini hydraulic excavators in future. Wacker Neuson will continue to manufacture selected mini excavator models until end of 2019 as part of an ongoing OEM supply relationship.

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