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15.08.2019 (3862 Clicks)

Bekaert appointed Chief Financial Officer and completed new Leadership Team

Taoufiq Boussaid joined Bekaert as Chief Financial Officer on 15 July 2019. He succeeded Frank Vromant who took on the role of CFO ad interim in November last year. Taoufiq Boussaid will be a member of the Bekaert Group Executive.

15.08.2019 (2781 Clicks)

Belt Tech, Inc. new Superior Distributor in Central Appalachia, USA for Idlers, Pulleys and Conveyor Accessories

Superior Industries, Inc., a U.S. based manufacturer and global supplier of bulk material processing and handling systems, has named Belt Tech, Inc. as its newest conveyor components distributor. The 40-year-old family business will stock, sell and service the manufacturer’s conveyor idlers, pulleys, scrapers and accessories throughout the Central Appalachia region of the United States.

14.08.2019 (3069 Clicks)

SMT Scharf AG reports profitable Growth in H1 2019

• Group revenue registers significant increase to EUR 33.1 million
• Operating profit (EBIT) of EUR 3.2 million up year-on-year
• Year-on-year higher new order intake of EUR 33.0 million
• FY 2019 forecast confirmed

SMT Scharf AG, one of the world's leading suppliers of customised transport solutions and logistics systems for underground mining, continued its positive business trend during the first half of 2019. SMT Scharf grew its consolidated revenue by 17.8 % to EUR 33.1 million (H1/2018: EUR 28.1 million). The highly profitable service business was particularly strong in the second quarter, where SMT Scharf achieved revenue growth of 24.2 % to EUR 19.5 million in the first half of the year. As a consequence, SMT Scharf grew its profit from operating activities (EBIT) to EUR 3.2 million (H1/2018: EUR 3.1 million). Consolidated net income for the first six months amounted to EUR 3.2 million (H1/2018: EUR 3.1 million).

SMT Scharf's CEO, Hans Joachim Theiss, is satisfied with the business trend in the first half of 2019: 'We performed well during the first half of the year, achieving revenue growth in our business with both new systems and service. With our investment in our long-standing partner ser elektronik in April, we have also added valuable electronics and controls expertise to our portfolio. This improves our position to continue developing tailor-made products for our customers in the future.'

The robust market environment is reflected in mine operators realising more investments in new systems. The strongest market in terms of revenue was again China with EUR 13.7 million (H1/2018 EUR 8.2 million), where mine operators are continuing to invest in innovative transport logistics following the completion of the market consolidation. At EUR 7.2 million, revenue in the important foreign market of Russia were at the previous year's level, as expected. At the same time, SMT Scharf also successfully received orders in Poland, where revenue registered a marked increase to EUR 4.9 million (H1/2018: EUR 3.8 million).

In the first six months of 2019, the SMT Scharf Group's new order intake amounted to EUR 33.0 million (H1/2018: EUR 18.3 million). The order book position stood at EUR 19.6 million as of June 30, 2019.

'In view of global uncertainties and the ongoing trade conflict between the USA and China, commodity prices came under pressure in the first half of the year. This could lead to a deterioration in SMT Scharf's market environment in the second half of the year. Irrespective of this, we will continue to push ahead with the implementation of our corporate strategy and exploit our good market position to pursue growth opportunities in our target markets worldwide,' notes Theiss.

For the 2019 fiscal year, the Managing Board of SMT Scharf AG continues to anticipate consolidated revenue in a range between EUR 72 million and EUR 75 million and EBIT in a range between EUR 5.5 million and EUR 6.0 million.

Source: SMT Scharf AG

                     

13.08.2019 (2718 Clicks)

Trelleborg to supply the World's widest immersed Tunnel

Trelleborg’s marine and infrastructure operation has signed a contract with CCCC Fourth Harbor Engineering Co., Ltd, one of China’s largest infrastructure construction services institutions, for the supply of its industry leading tunnel sealing solutions to China’s ShenZhong Link.

12.08.2019 (2756 Clicks)

QRC welcomes Future Skills Partnership between BMA, TAFE and CQU

The Queensland Resources Council has welcomed the commitment of the Queensland Futures Skills Partnership between its member company BHP Mitsubishi Alliance (BMA), TAFE Queensland and Central Queensland University (CQU).

09.08.2019 (3313 Clicks)

UGL wins new Rail and Mining Services Contracts

Cimic Group’s services company, UGL, has been awarded new rail and mining services contracts across Australia, generating combined revenues of approximately $260 million.

08.08.2019 (2815 Clicks)

SMT Scharf AG reviews Acquisition of significant Assets from the Mühlhäuser Group

SMT Scharf AG is currently reviewing the possibility of acquiring significant assets from subsidiaries of Mühlhäuser GmbH, Freienbach, Switzerland.

08.08.2019 (15 Clicks)

Nokian Heavy Tyres Ltd übernimmt finnischen Hersteller von Schwerlastfelgen Levypyörä Oy

Im Einklang mit der Wachstumsstrategie von Nokian Heavy Tyres erwirbt das Unternehmen den finnischen Hersteller von Schwerlastfelgen Levypyörä.

08.08.2019 (17 Clicks)

Nokian Heavy Tyres Ltd übernimmt finnischen Hersteller von Schwerlastfelgen Levypyörä Oy

Im Einklang mit der Wachstumsstrategie von Nokian Heavy Tyres erwirbt das Unternehmen den finnischen Hersteller von Schwerlastfelgen Levypyörä.

08.08.2019 (18 Clicks)

Nokian Heavy Tyres Ltd übernimmt finnischen Hersteller von Schwerlastfelgen Levypyörä Oy

Im Einklang mit der Wachstumsstrategie von Nokian Heavy Tyres erwirbt das Unternehmen den finnischen Hersteller von Schwerlastfelgen Levypyörä.