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05.10.2021 (436 Clicks)

SSAB appoints Leena Craelius as acting CFO

Leena Craelius has been appointed acting CFO at SSAB. She has long experience of the steel industry and has held several senior positions at SSAB. She will take up her new position on November 1, 2021.

04.10.2021 (522 Clicks)

Tunnel Progress as HS2 completes first Mile under the Chilterns

The first enormous 2,000 tonne tunnelling machine passed the one mile mark this week during the construction of the first tunnels for HS2 - Britain’s new high speed rail link between London, Birmingham and the north.

04.10.2021 (334 Clicks)

QRC supports MCA’s Statement on Net Zero Emissions by 2050

The Queensland Resources Council (QRC) supports the statement by the Mineral Council of Australia regarding the industry’s ambition to achieve net zero emissions by 2050.

04.10.2021 (364 Clicks)

Metso Outotec to deliver a large Number of high-capacity Slurry Pumps for Tailings Treatment in Ukraine

Engineering Dobersek in Germany and Severniy Mining and Processing (SevGOK) in Ukraine have selected Metso Outotec’s mill discharge pumps for Severniy’s greenfield process waste thickening plant.

04.10.2021 (409 Clicks)

Birmingham Spinout Salinity Solutions enters Lithium ‘Gold Rush’

A new University of Birmingham spinout, Salinity Solutions, is partnering with the mineral exploration and mining industry with a compact, energy-efficient desalination system that can concentrate the salts in ground water to extract a mineral rich brine.

01.10.2021 (365 Clicks)

CityFibre expands strategic Alliance with Bechtel to support continued Acceleration of its Rollout

Bechtel partnership extended after supporting a huge ramp up in CityFibre’s UK-wide Full Fibre rollout in the last 12 months

01.10.2021 (432 Clicks)

Genoa Model narrated in the immersive Multimedia Room

“We are emerging from an epochal economic crisis. Italy needs tangible, immediate measures to create jobs and employment, which are key sustainability issues that all of Europe needs now. Businesses play a central role in defining the industrial model required to initiate a lasting, shared recovery, in this unique economic moment. The Genoa Bridge experience has shown us how.

30.09.2021 (379 Clicks)

Zyter collaborates with Zurich North America, Qualcomm and Everguard to enhance Construction Safety

Pilot started at Rudolph Libbe Group Construction Site, with Insurance Provider Zurich North America evaluating impact for potential use with other customers

30.09.2021 (323 Clicks)

Implenia back at the Gotthard – Ground-breaking Ceremony for the second Tube of the Gotthard Road Tunnel

Ceremony by the Swiss Federal Roads Office (FEDRO) to mark the ground-breaking for the second tube of the Gotthard road tunnel. Implenia is significantly involved in two lots. The complex tunnel and civil engineering works have already started.

30.09.2021 (365 Clicks)

SMT Scharf AG receives Final Approval for China III Machines and raises Guidance for FY 2021

SMT Scharf AG announces that it has received final approval for China III machines from the Chinese regulator.

Given this, significant subsequent recognition of around EUR 12.8 million in revenue and of around EUR 4.2 million in profit from operating activities (EBIT) can now be made on the basis of deliveries the Group has already made. These items will have a corresponding positive impact on the interim financial statements for the third quarter of 2021. In addition, further subsequent entries are expected in the fourth quarter of 2021 following the contractually required customer confirmations, which are also expected to be in the low double-digit range in million of euros in relation to revenue, and in the low single-digit range in millions of euros in relation to EBIT. On the basis of IFRS 15, the company had not yet been able to recognise such revenues from new systems in China in its financial statements. The utilisation of machines in line with the China III standard has been mandatory for Chinese mining companies since the start of 2021 and will provide SMT Scharf with attractive growth opportunities in the Chinese market in the near future.

In light of these positive effects from the China III approval and the associated improved growth prospects for the final quarter, the Managing Board is raising its revenue and earnings guidance for the 2021 fiscal year again, and now expects consolidated revenue for 2021 in the range between EUR 75 million and EUR 80 million. Furthermore, the Managing Board now forecasts 2021 EBIT in a range between EUR 9 million and EUR 11 million. Previously, for the 2021 fiscal year SMT Scharf anticipated consolidated revenue in a range between EUR 72 million and EUR 77 million, and EBIT in a range between EUR 5 million and EUR 6 million.

Source: SMT Scharf AG