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03.09.2019 (2539 Clicks)

SIKA commissions new Mortar Factory in Cameroon

Sika is further expanding its presence in West Africa and starting operations in a new facility for mortars in Cameroon. Following the foundation of the national subsidiary in 2016 and the opening of a concrete admixture plant in 2017, the company is now investing in a new mortar manufacturing facility.

03.09.2019 (2584 Clicks)

Epiroc completes Divestment of geotechnical Consumables Product Line to Mimir Invest

Epiroc, a productivity partner for the mining and infrastructure industries, has completed the divestment of its geotechnical consumables product line.

Epiroc sold the business to Mimir Invest AB, a global investment firm based in Stockholm, Sweden. The products are manufactured and assembled in Finland, Scotland and the United States, and consist mainly of large down-the-hole hammers and related drill bits and casing advancement systems. It was part of Epiroc’s Rock Drilling Tools division. The product line employed about 40 people in Epiroc who will all transfer to the new business. The business generated about MSEK 275 in revenue in 2018.

Epiroc announced on June 11, 2019, that it had entered an agreement to sell the business to Mimir Invest.

The sales price is not material to Epiroc’s market capitalization and is not disclosed.

About Epiroc

Epiroc is a leading global productivity partner for the mining and infrastructure industries. With cutting-edge technology, Epiroc develops and produces innovative, safe and sustainable drill rigs, rock excavation and construction equipment and tools. The company also provides world-class service and solutions for automation and interoperability. Epiroc is based in Stockholm, Sweden, had revenues of SEK 38 billion in 2018, and has more than 14,000 passionate employees supporting and collaborating with customers in more than 150 countries.

About Mimir Invest

MIMIR is a global investment firm acquiring non-core business units of larger corporations as well as private companies that need operationally oriented ownership. They deliver transaction solutions to demanding Sellers in all industries. Their team has specific expertise in manufacturing, industrials, pharma & chemicals, medical devices, software & hardware, and paper & pulp.

Source: Epiroc, Mimir

                     

02.09.2019 (4187 Clicks)

Implenia wins major infrastructure order in Sweden

• Detailed planning and execution of twin-track rail expansion between Varberg and Hamra, including tunnel beneath city of Varberg
• Order worth approximately SEK 3.5 billion (around CHF 355 million)

Implenia has won a major contract in Sweden for the twin-track expansion of the railway line between Varberg and Hamra on the country’s west coast.

30.08.2019 (3405 Clicks)

SNC-Lavalin appointed on major PMO Contract on Australia’s largest Rail Programme

SNC-Lavalin announces that it has secured a significant contract to provide Programme Management Office (PMO) services on the Inland Rail Programme, supporting global professional services company Turner & Townsend. It’s the largest freight rail infrastructure project in Australia and a once-in-a-generation programme of infrastructure works connecting regional Australia to domestic and international markets.

30.08.2019 (3376 Clicks)

Haver & Boecker Niagara offers Make and Hold and Stocking Agreement Programs for improved Convenience

Haver & Boecker Niagara offers Make and Hold and Stocking Agreement programs for screen media and wear parts. The programs provide mining and aggregates customers options for short lead times, pricing stability and simplified inventory management.

29.08.2019 (2886 Clicks)

Vinci Construction delivered the Atlantic Bridge in Panama

• An extraordinary engineering structure that posed many technical challenges
• Strong synergies between Vinci Construction companies

29.08.2019 (3526 Clicks)

President and CEO to leave Sandvik

Björn Rosengren, President and CEO of Sandvik, has informed the Chairman of the Sandvik Board that he intends to resign and leave the company as of 1 February 2020.

28.08.2019 (3279 Clicks)

Fielddata.io GmbH and Casagrande S.p.A. conclude Cooperation Contract

Fielddata.io GmbH, leading provider of construction data management platforms from Munich has found a competent partner in Casagrande S.p.A., manufacturer of equipment and tools for special foundation engineering from Fontanafredda, Italy. In the future the digitalization of construction processes in special foundation engineering will be a collaborative venture.

28.08.2019 (3451 Clicks)

A Colossus for Canada: Thyssenkrupp ships Iron Ore Handling System

• First units of a complete materials handling system transported from Bremerhaven to Baffin Island
• Baffinland Iron Mines Corporation to more than triple its iron ore handling capacities to 12 million tons per year
• Project executed within stringent environmental requirements

27.08.2019 (2750 Clicks)

Cimic Group Companies finalise Australian Cross River Rail RIS Contract

Cimic Group companies CPB Contractors and UGL, along with their Unity Alliance partners, have reached contract award with the Queensland Government to deliver the Rail, Integration and Systems (RIS) package of the Cross River Rail project.