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17.11.2021 (411 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 (337 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 (405 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 (350 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 (371 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 (373 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.

As part of this process, the Sandvik Board of Directors has appointed Andreas Nordbrandt as Chairman of the Board of SMT. Additionally, Claes Boustedt and Karl Ã…berg have been appointed as members of the SMT Board of Directors. Additional members of the SMT Board will be appointed at a later stage to fulfill any requirements and ensure a suitable board composition.

Andreas Nordbrandt, born 1971, holds a M.Sc. in Mechanical Engineering and Hydraulics and is a member of the Sandvik AB Board of Directors. He has extensive operative experience from a global industrial environment, particularly within international mining. He worked at Atlas Copco Group and Epiroc Group 1995-2018, where he held several leading positions.

Claes Boustedt, born 1962, holds a M.Sc. in Business and Economics and is a member of the Sandvik AB Board of Directors as well as Chairman of the Audit Committee. He has been Executive Vice president of L E Lundbergföretagen AB since 1997 and President of L E Lundberg Kapitalförvaltning AB since 1995. He is also a Board member of Hufvudstaden AB and Förvaltnings AB Lunden.

Karl Åberg, born 1979, holds a M.Sc. in Economics and Business Administration and has been Head of Investments and Analysis at Industrivärden AB since 2017. His previous experience includes being partner at Zeres Capital, where he was also a co-founder, and partner at Capman Public Market.

Source: Sandvik AB

                     

12.11.2021 (2046 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 (348 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 (361 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 (308 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