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17.11.2021 (461 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 (386 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 (453 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 (407 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.

The 13.77 m (45.18 ft) XRE TBM set world records three times over, beating its own records in May and June with a set of records over the summer, including a best day of 32.4 m (106 ft), a best week of 178.2 m (584.6 ft), and a best month of 721.8 m (2,368 ft). Launched in March 2021, the machine bored 3.05 km (1.90 mi) on the Esme-Salihli Railway Tunnel as part of the Ankara-İzmir High Speed Railway Project for the TCDD.

“When the strength, force and torque generated by our Crossover TBM are taken into account, we consider it to be a beast. It has performed extremely well in this tunnel,” said Onur Kansu, TBM Manager for project contractor Kolin Construction. He added “We are proud we have accomplished such high performance.”

The machine began its bore in altered gneiss, then passed through mélange consisting of gneiss, sandstone, claystone, mudstone, quartz, and silt. By the end of the bore the machine was excavating in mainly mudstone. Core drillings were taken every 200 m prior to boring so the crew felt confident with the geology—just one of several factors that contributed to the record rates. “A proper geological analysis, choosing the right TBM, a professional crew and a contractor who believes that they can break records are all key,” said Kansu. “Scheduled maintenance periods, an expert team, availability of sufficient spare parts, and good logistics also made it possible for us to reach our targeted advance rates.”

The project is particularly important for the Turkish tunneling industry, showing what is possible at larger TBM diameters. “We have disproved the idea that it is difficult to reach high advance rates while boring in EPB mode with large diameter TBMs. Crossover TBMs enable us to find quick solutions in changing ground, so we believe they will be the preference for future projects,” said Kansu.

With tunnel excavation finished, work will continue on the 508 km (316 mi) line that will connect Polatlı in Ankara Province to Izmir, the third most populous city in Turkey. Once complete, the Ankara-İzmir High Speed Railway will be the longest rail line in the country, conveying passengers at top speeds of 250 km/h (160 mph) in a railway journey of about 3.5 hours.

Source: Robbins

                     

15.11.2021 (402 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 (403 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 (2075 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 (401 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 (400 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 (332 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