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17.11.2021 (437 Clicks)

Solmax acquires Propex to further expand into unique and value-added geosynthetic Products and Solutions

Solmax is pleased to announce that it has agreed to acquire Propex, an industry-leading U.S. geosynthetics manufacturer with a long track record in the construction, transportation, mining, and automotive industries. With this transaction, Solmax reinforces its position as a leading geosynthetics solutions provider.

16.11.2021 (355 Clicks)

Bauer Technologies Ltd accredited with BES 6001 Sustainability Certificate

Bauer Technologies Ltd, the UK subsidiary of Bauer Spezialtiefbau GmbH, is now a leader in the field of sustainable resourcing and has been accredited with the sustainability certificate BES 6001.

16.11.2021 (432 Clicks)

Fugro expands Remote Operations Capability in India

Fugro has announced the opening of a new state-of-the-art Remote Operations Centre (ROC) in India. Fugro currently operates a core global network of eight major Remote Operations Centres ensuring full system redundancy in all parts of the world.

16.11.2021 (389 Clicks)

Swift Turkish TBM breaks through – Robbins Crossover XRE is World’s fastest TBM over 13 Meters in Diameter

In October 2021, the breakthrough of a Robbins Crossover XRE TBM was the cause of much celebration. A team of personnel from Kolin Construction, Turkish State Railways (TCDD), and Robbins field service gathered to watch the breakthrough of the world’s fastest TBM over 13 m (43 ft) in diameter.

15.11.2021 (386 Clicks)

Honours at national Women in Resources Awards in Australia

A Queenslander has taken out the top honours at prestigious BHP 2021 Women in Resources National Awards, presented by the Minerals Council of Australia (MCA). Maryann Wipaki, General Manager of Health, Safety, Environment, Community at Glencore Queensland Metals in North Queensland has been awarded the 2021 Dyno Nobel Exceptional Woman in Australian Resources Award.

15.11.2021 (384 Clicks)

Sandvik announces first three Members of the Board of SMT – the new Company planned to be listed in 2022

As previously communicated, the Sandvik Board intends to formally propose the distribution and listing of its business area Sandvik Materials Technology (SMT) at a shareholders' meeting next year, with the target to complete the listing in the second or third quarter of 2022, subject to shareholder approval. The listing is planned to be made at the Nasdaq Stockholm Exchange.

12.11.2021 (2058 Clicks)

SMT Scharf continues successful Business Performance in Q3 2021

• Consolidated revenue rises to EUR 53.9 million in the first nine months of 2021
• Operating profit (EBIT) improves to EUR 8.1 million
• Managing Board further upgrades FY 2021 guidance: Consolidated revenue expected in the range of EUR 75 million to EUR 80 million and EBIT in the range of EUR 9 million to EUR 11 million
• China III approval leads to positive subsequent revenue recognition effects and improved growth prospects in China

12.11.2021 (370 Clicks)

Sydney Metro: Construction on Track with new Milestone

Track laying on the first rail crossing under Sydney Harbour is complete, marking a major milestone on the Sydney Metro City & Southwest project.

11.11.2021 (377 Clicks)

Sika to acquire MBCC Group to accelarate its Growth Strategy and reinforce it Position as Sustainability Champion in the global Construction Industry

• MBCC Group is one of the most recognized companies in construction chemicals worldwide with sales of approximately CHF 2.9 billion (EUR 2.7 billion)
• Enterprise value of CHF 5.5 billion represents a 11.5x EV/pro forma 2022E EBITDA multiple with expected annual synergies of CHF 160 – 180 million bringing the multiple down to 8.5x EV/EBITDA
• Transaction is highly complementary across almost all of Sika’s core technologies, applications, and solutions
• Acquisition is accretive to Sika’s earnings per share from the first full year post closing
• The combined company will drive the sustainability transformation of the construction industry further and faster
• Transaction is subject to regulatory approval, but Sika is confident that all required clearances will be obtained. Closing targeted for the second half of 2022

11.11.2021 (316 Clicks)

Webuild signs Construction Contract in North East Link Project In Melbourne, Australia

Webuild expands presence in Australia and PPP projects as new orders reach €10.6 BLN globally in 2021

Webuild, as part of the Spark consortium, has signed a contract that values its stake at AU$3.3 billion (€2.1 billion) in the North East Link PPP Primary Package in Melbourne, Australia, a AU$11.1-billion project in which the Group will take part in its design and construction. Webuild will also own a 7.5% equity stake in the project company that will operate and maintain the infrastructure once it is completed.

The contract, for which Webuild and its partners had been identified as the preferred bidders in June, brings to €10.6 billion the total value of new orders that Webuild has acquired, is in the process of finalising, or for which it has become the preferred bidder so far this year globally, in addition to the €13-billion contract to build the first high-speed railway in Texas.

The North East Link is the largest private-public partnership (PPP) for an infrastructure project in Australia, one with a strong element of sustainability that will provide an essential link in the city’s freeway network, reducing congestion and travel times for tens of thousands of motorists. It will take 15,000 trucks off local roads every day and reduce travel times by up to 35 minutes for commuters.

Webuild, as part of the design and construction joint-venture, will design and build twin three-lane tunnels approximately 6.5 km long, among other related works. Once completed, the North East Link PPP will be the longest road tunnel in the state of Victoria.

The tunnelling work is part of the Primary Package that the Spark consortium was awarded by the North East Link Authority, which is overseeing the development of the entire project, fixing the missing link in Melbourne’s freeway network between the M80 and the Eastern Freeway in the city’s northeast. The PPP will adopt an Incentivised Target Cost contracting structure that encourages transparency and collaboration between the client and the Spark design and construction joint venture.

“Australia is a strategic market for us in light of the possibilities that it offers in terms of sustainable mobility and renewable energy,” said Pietro Salini, Chief Executive of Webuild. “We are proud to be leaders of this joint-venture of international companies that will build the NEL. The contract is a major achievement for the Group. It is the culmination of years of commitment that Webuild has made to a market where it aims to grow and consolidate its presence. It is also recognition of our people’s expertise in light of the experience acquired building some of the largest and most challenging infrastructure projects in the world.”

In a sign of Australia’s importance as a core market for Webuild, the Group has opened a second office in the country in Melbourne and begun collaborating with the University of Melbourne on two scholarships to encourage female students to become engineers. It has a similar collaboration with the University of Technology Sydney, while recently signing an agreement with the University of Queensland.

In the state of New South Wales, Webuild is building Snowy 2.0, the largest hydropower project in the country. In Western Australia, it is nearing the completion of the Forrestfield-Airport Link in Perth to connect the eastern suburbs with the airport and the city centre.

A global leader in the sustainable infrastructure with a presence in 50 countries, Webuild’s track record includes the construction of approximately 80,300 kilometres of roads and motorways, and the excavation of approximately 2,400 kilometres of tunnels.

Source: Webuild