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Sika invests in Membrane Production in Russia

Sika is expanding its product portfolio in Russia with the commissioning of a new production line for PVC membranes at its factory in Lobnya, near Moscow. It will now also manufacture high-performance thermoplastic membranes for waterproofing structures at this location, resulting in significant cost savings and competitive advantages.

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SNC-Lavalin completes transformative Acquisition of WS Atkins

SNC-Lavalin Group Inc. (TSX: SNC) (“SNC-Lavalin” or the “Corporation”) announces that it has completed its acquisition of WS Atkins plc (“Atkins”), one of the world’s most respected consultancies in design, engineering and project management, with a leadership position across the infrastructure, transportation and energy sectors. Headquartered in the UK, Atkins is a geographically diversified global company with approximately 18,000 employees in the US, Middle East and Asia, together with a leading position in the UK and Scandinavia.

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Sika AG appoints new CEO

Sika has appointed Paul Schuler, currently Regional Manager Europe Middle East Africa (EMEA), as Chief Executive Officer as of July 1, 2017. He succeeds Jan Jenisch who has accepted to become the new CEO at LafargeHolcim.

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Q1: Hochtief increases Net Profit by 40%

  • EUR 93 million operational net profit (+30% year on year), EUR 88 million nominal net profit (+40%)
    • Operational PBT margin at 3.8%, +20 bps yoy
  • Over EUR 100 million year on year improved net cash from op. activities
    • EBITDA cash conversion rate remains very high at 108% in last twelve months
    • Further reduction in seasonally typical cash outflow
  • EUR 341 million net cash position significantly positive (+ EUR 317 million yoy)
    • Net cash would stand at approximately EUR 1 billion, if adjusted for net investments and dividends in the last twelve months
  • EUR 45 billion order backlog (+23% yoy)
    • Order backlog at highest level since transformation initiated; +13% yoy excluding UGL
    • All divisions show double-digit yoy increases in order backlog
    • New orders rose to EUR 7.4 billion (+18% yoy)
  • First rating for the Group: BBB investment grade by Standard & Poor’s
  • Guidance confirmed: Operational net profit for 2017 of EUR 410–450 million (+13% to 25% yoy)
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Sika expands Production in Mexico

Sika is opening a new mortar production facility at Coatzacoalcos in southeast Mexico. The new plant will also take over the manufacture of concrete admixtures from the previous production site at Villahermosa. Through its five factories, Sika has now established a nationwide supply chain. With a population of 120 million, Mexico has one of the largest domestic markets in Latin America and is investing heavily in infrastructure expansion.

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SMG 2017: Transforming Guinea’s Economy through Mining and Investment

Now in its 5th edition, Symposium Mines Guinea is firmly established as the largest mining event in West Africa and will take place from 09 – 11 May 2017, in Conakry, Republic of Guinea. Due to the importance of the mining sector on Guinea’s economy, The Ministry of Mines and Geology aim to make this sector the most investor friendly mining destination in Africa and have begun taking the necessary measures to implement strict good governance policies for regulation and promotion of transparency.

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Rema Tip Top strives for strong Market Position in Brazil

Rema Tip Top, a globally operating system provider of services and products in the field of conveying and treatment technology as well as tyre repair, has acquired Norte Sul Serviços de Vulcanização (“Norte Sul Serviços”), a conveyor maintenance provider in Brazil. Through the acquisition, Rema Tip Top increased its global footprint and is now present in Brazil with a wholly-owned subsidiary.

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New CEO of the Datwyler Group

As was announced in spring 2016, Dirk Lambrecht took over management of the Datwyler Group as CEO on 1 January 2017. Paul Hälg, who held the position from 2004, stepped down at the end of 2016 and will be recommended for election to the post of Chairman at the Annual General Meeting in March 2017. He will succeed Ulrich Graf, who will be stepping down from his post for age-related reasons after 12 years at the 2017 Annual General Meeting.

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