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07.12.2021 (337 Clicks)

Decarbonizing Steel Production: Metso Outotec launches next Generation of the 100% hydrogen-based Circored Process for fine Ore Reduction

Finding new solutions to decarbonize the steelmaking value chain is a must for the industry to become fossil-free and to help limit global warming to 1.5°C. To support the efforts, Metso Outotec is introducing the next generation of its CircoredTM process for the direct reduction of iron ore fines. The game-changing process uses hydrogen as a reducing agent instead of CO produced from fossil fuels, allowing the iron and steel industry to efficiently tackle the decarbonization challenge. Circored is part of Metso Outotec’s Planet Positive portfolio.

06.12.2021 (334 Clicks)

Hexagon and Mineral Resources partner on the World’s first automated Road-Train Solution

Hexagon’s Autonomy & Positioning and Mining divisions today announced the development of an automated road-train solution with leading mining services company, Mineral Resources Limited (MRL). To be deployed on MRL’s haulage fleet, the solution integrates drive by-wire technology with an autonomous management system to orchestrate vehicle movement in road-train haulage. The automated road-train solution focuses on safety, productivity and sustainability for MRL operations and will be phased in over the next two years.

06.12.2021 (312 Clicks)

Solmax completes Propex Acquisition, expanding its Position as the World’s leading Geosynthetics Provider

Solmax is pleased to announce that it has completed its acquisition of Propex, a leading North American geosynthetics manufacturer with a strong track record in the construction, transportation, flood protection, and automotive industries. With the closing of this transaction, Solmax further reinforces its position as a leading geosynthetics-solutions provider.

An award-winning manufacturer and low-carbon solutions provider, Propex boasts a storied history and an enviable reputation for innovation, expertise, service excellence, and value. Producing a wide range of geosynthetic products and erosion control systems, its solutions are used in the construction of key infrastructural projects including levees, roads, bridges, and airports. Leveraging geotextiles in transportation construction and erosion control applications has the potential to save billions of dollars in construction costs annually.

Propex’s innovative geotextiles are manufactured in Ringgold, GA, and shipped to customers in more than 35 countries worldwide the plant also houses an on-site testing facility that is certified by the Geosynthetic Accreditation Institute/Laboratory Accreditation Program (GAI-LAP) and is compliant with ISO 9001 and 14001.

Commenting on the acquisition, John Henderson, President of Solmax Americas, said: “We are delighted to complete this important acquisition. Propex is a recognized leader in geosynthetic products and solutions across North America. This acquisition expands the products and solutions that Solmax can offer its customers in many different market segments. It also provides us with additional non-woven geotextile expertise and capacity to further extend our footprint in the environmental and civil-infrastructure markets.”
Mike Gorey, CEO of Propex added: “The combination of strengths between our companies will lead to long-term growth and increased capacity to address the expanding demand for environmentally sustainable solutions. As the leading player of infrastructure products and services, we harness the ability to increase the adoption rate of superior solutions over traditional methods.”

The purchase of Propex complements Solmax’s existing product portfolio by expanding its presence into the turf-reinforcement market, with a focus on superior erosion control on steep slopes and vegetated waterways. This is a new market segment for Solmax and is another value-added solution for its customers and the engineering community globally. In addition, innovative products that have been developed by Propex for the pavement-rehabilitation market will also complement Solmax's portfolio.
Going forward, it will be business as usual for Solmax and Propex in the short term. In time, the expertise of both companies will be combined across all facets of the business, covering manufacturing excellence, quality systems, and engineering solutions for the global geosynthetics community. Both companies share a common vision of protecting the environment in a responsible manner to make a better future for all.

For this transaction, K&L Gates LLP and Jones Day acted as legal advisors to Solmax. Barclays and TD Securities acted as joint financial advisors, underwriters, joint bookrunners, and joint-lead arrangers for the Solmax senior credit facilities. Solomon Partners acted as exclusive financial advisor to Propex and Stroock acted as its legal advisor.

About Solmax

Solmax is a geosynthetics pioneer, innovator, and leader. With almost five decades’ experience, our GSE and TenCate Geosynthetics acquisitions make us one of the world’s largest geosynthetics manufacturer. With plants in North America, Europe, Asia, and the Middle East, our geosynthetics are used in critical applications by significant customers in mining, energy, waste management, construction, agriculture and irrigation, civil engineering, environmental containment, infrastructure, and transport. Our products safeguard the earth from waste and contaminants, and protect investments, helping preserve the integrity and longevity of vital infrastructure in the toughest environments. Our vision is to advance the geosynthetics industry and create products that are accessible everywhere.
Solmax - geosynthetics that support human progress.

About Propex

Propex is a global leader in developing and manufacturing innovative geosynthetic and erosion control products and systems. Our engineered solutions stabilize the earth, extending the life of levees, dams, roadways, and other key infrastructure. Our company culture is best defined by our drive for innovation and our commitment to developing new markets and applications for low carbon solutions.

Source: Solmax

                     

03.12.2021 (364 Clicks)

Cimic's CPB awarded Road Projects in South Australia

Cimic Group’s CPB Contractors has been selected by the South Australian Government, as part of the Fleurieu Connections Alliance with the Department of Infrastructure and Transport, Aurecon and GHD, to deliver duplication works on the Main South Road and the Victor Harbor Road in South Australia.

03.12.2021 (302 Clicks)

Qld Students to play leading Role in the Future of Resources

An intensive 12-month focus on attracting more Queensland school students to work in the state’s resources sector is starting to reap results, Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said.

02.12.2021 (401 Clicks)

Hudson Tunnel Project clears final Regulatory Hurdle with Army Corps of Engineers Permit

Permit allows Construction of First Rail Tunnel Under the Hudson since 1910 Once Full Funding in Place

02.12.2021 (327 Clicks)

Water Flows into the Irish Tara Mine stopped

The efforts carried out to stop the increased water inflow to the Irish Tara mine have been successful. Work is now beginning to restore the mine, which includes pumping and mapping of any damage as a result of the water inflow.

01.12.2021 (427 Clicks)

SNC-Lavalin wins pre-project Engineering Services Contract for potential CANDU new Build in Romania

Candu Energy Inc., a member of the SNC-Lavalin Group (TSX: SNC), has won a 12-month, $8.4 million contract from Romanian firm, EnergoNuclear S.A., to provide engineering services during the preparatory stage of a precursor project to complete CANDU Units 3 & 4 in Romania.

01.12.2021 (324 Clicks)

Webuild: Fabriano-Matelica Section of Marche-Umbria Quadrilateral Highway network open to Traffic

Mega project 74% complete with supply chain of 450 businesses to improve connections in Central Italy

01.12.2021 (370 Clicks)

SNC-Lavalin-led Joint Venture selected to provide Flood Mitigation Support for FEMA

SNC-Lavalin Group Inc., a fully integrated professional services and project management company with offices around the world, announced that its STARR II Joint Venture (JV) has been awarded a five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract, valued at up to $300 million USD to perform engineering and technical services for the Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP). The JV, which has been providing services since 2014, will support FEMA’s Risk Mapping, Assessment and Planning (Risk MAP) program.