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GeoResources

18.09.2019 (3112 Clicks)

Foundation Piles for the Elbtower reach Record Depth

Hamburg is setting new standards in urban design and sustainability with Europe’s biggest inner-city development project to date. Since 2001, the HafenCity district, which is close to the historic Speicherstadt area, has been a project of superlatives.

 

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18.09.2019 (2362 Clicks)

Timken to Acquire BEKA Lubrication


The Timken Company has reached an agreement to acquire BEKA Lubrication (BEKA), a leading global supplier of automatic lubrication systems, for approximately $165 million.

The company serves a diverse range of industrial sectors including wind, food and beverage, rail, on- and off-highway and other process industries. BEKA sales are expected to be around $135 millionfor the full year 2019.

"The acquisition of BEKA expands our global leadership in the highly attractive automatic lubrication systems market sector, increases our geographic scale and market coverage in Europe and Asia and will create new opportunities to serve wind and other industrial end markets more fully," said Richard G. Kyle, Timken president and chief executive officer. "BEKA is a premier brand and technical leader, and like our Groeneveld business, offers automatic and central lubrication systems that reduce operating costs and extend equipment life. We expect to realize significant synergies, margin expansion and revenue growth opportunities through the combined Groeneveld-BEKA business."

Family owned and operated since its founding in 1927, BEKA is headquartered in Pegnitz, Germany. The company employs approximately 900 people, with manufacturing, research and development based in Germany, and assembly facilities and sales offices around the world.

Timken first entered the automatic lubrication market in 2013 with the acquisition of Interlube and then significantly expanded its portfolio and global reach through the acquisition of Groeneveld in 2017. With the acquisition of BEKA, Timken will become the world's second largest producer of industrial automatic lubrication systemsi, which displace manual lubrication methods to improve equipment life and reliability, while reducing the total cost of ownership. The transaction advances the company's strategy, which is focused on growing its leadership position in engineered bearings while diversifying Timken's portfolio into adjacent products and markets.

The privately negotiated transaction is subject to regulatory review approval in Germany, and is expected to close during the fourth quarter of this year. It will be funded with cash and existing debt facilities. Timken expects the transaction to be accretive to earnings in 2020.

About The Timken Company

The Timken Company designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $3.6 billion in sales in 2018 and employs more than 18,000 people globally, operating from 35 countries.



Timken, Acquire, BEKA, Expanding, Global, Leadership, Automatic, Lubrication, Systems

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18.09.2019 (2890 Clicks)

Byerwen Coal Mine Opening good News for Queensland Exports, Jobs and Royalties

The opening of the Byerwen coal mine in North Queensland is testament to the strength and diversity of the state's mining sector, Queensland Resources Council (QRC) Chief executive Ian Macfarlane said yesterday.

 

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18.09.2019 (2778 Clicks)

BHP report highlights Resources Sector’s Contribution to all Queenslanders

The Queensland Resources Council has welcomed BHP’s annual economic contribution report highlighting its increased payments to the Queensland Government last financial year totalled $1.24 billion or $100 million every month.

 

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18.09.2019 (2426 Clicks)

Implenia wins order to build the new 380-kV Berlin Diagonal Power Link

  • Tunnel to carry high-voltage power line
  • Order worth around EUR 130 million (approximately CHF 140 million)  

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15.09.2019 (2270 Clicks)

Piotrek and Csiro to make next-gen Lithium Batteries for Global Market

A new partnership between Australia's national science agency, CSIRO, and Japanese specialist chemical manufacturer, Piotrek, will see Australian-developed battery technologies commercialised globally within the next five years.

 

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15.09.2019 (2603 Clicks)

Epiroc wins large Mining Equipment Service Contract in Chile

Epiroc has won a large contract from Codelco for service of mining equipment used at the Andina mine near Chile’s capital Santiago. 

 

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09.09.2019 (2074 Clicks)

WMO Secretary General Warns Against Climate 'Doomsters and Extremists'

The General-Secretary of the World Meteorological Organization (WMO) says that the alarmist narrative on climate change has gone off the rails and criticised the news media for provoking unjustified anxiety.

 

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05.09.2019 (2512 Clicks)

Global Silver Production to Recover from 2020 to exceed 1B ounces by 2023

Global silver production, which has been declining since 2016, is expected to recover from 913.5 million ounces (Moz) in 2019 to 1,029Moz in 2023, according to GlobalData, a leading data and analytics company.

 

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05.09.2019 (2973 Clicks)

Global Gold Production to reach M132 Ounces in 2023

Global gold production is expected to grow at a compound annual growth rate (CAGR) of 2.5% between 2019 and 2023 to reach 132.1 million ounces (Moz) in 2023, according to GlobalData, a leading data and analytics company.

 

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Latest Articles

18.07.2022 

GeoResources Journal 2-2022GeoResources Journal 2-2022
Special Topic: Focus on Future

We are pleased to present to you the current edition of the English Journal GeoResources.

Here is the table of contents. To download the GeoResources Journal - click on the cover, please!<...  

#Fluid Competence GmbH #Hermann Paus Maschinenfabrik GmbH #Naue #SMT Scharf GmbH #Messe Berlin #Mining

18.07.2022 

Focus on the Future, or ’suppose that’Focus on the Future, or ’suppose that’

’Suppose that’ our mind games about the future of what we do in the areas of geotechnical engineering, tunnelling, mining and raw materials positively influence the decisions we take tod...  

#Energy #Geotechnics #Tunnelling #Mining

18.07.2022 

Climate Protection and Sustainability – a personal Issue and a Challenge for the Geotechnics BranchClimate Protection and Sustainability – a personal Issue and a Challenge for the Geotechnics Branch

Climate protection and sustainability affect us all – both on a personal level and at our place of work, and the DGGT (German Geotechnical Society) is no exception to this. So let us do our bi...  

#Geotechnics

Rudolf von Scheven GmbH
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J. D. Theile GmbH & Co. KG
GeoResources Verlag
GeoResources Verlag
F. Willich GmbH + Co. KG
GeoResources Verlag
F. Willich GmbH + Co. KG
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URETEK Deutschland GmbH
Specials
Increasing social Acceptance in the Management of Tailings Storage Facilities (TSF)

Increasing social Acceptance in the Management of Tailings Storage Facilities (TSF)

28. October 2021 (1940 Clicks)

Ensuring social acceptance for mining projects, and especially when it comes to settling ponds for mine tailings, is a huge challenge. Modern geomonitoring integrates data obtained from orbiting satellites, from overflying aircraft and from the surface of the ground, as well as from below it, to create a transparent and space and time-referenced process understanding. Geomonitoring technology is therefore an important tool for risk management and communication over the course of the mining lifecycle.  

#Mining #abandoned mining #Monitoring

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Books / Bücher
Buchreihe: Dokumentation der technischen Entwicklung bei der RAG

Buchreihe: Dokumentation der technischen Entwicklung bei der RAG

22. June 2022 (487 Clicks)

Die Aufgabe der Buchreihe „Dokumentation der technischen Entwicklung bei der RAG“ ist es, das in den vergangenen 50 Jahren im deutschen Steinkohlenbergbau erlangte Fachwissen zu sichern, zu verbreiten und künftigen technischen Entwicklungen Impulse zu geben. Über das Sammeln von Daten und Fakten hinaus stellt die auf insgesamt acht Bücher angelegte Reihe wichtiges Fach- und Lehrmaterial für Betrieb, Praxis und Studium dar.  

#RAG Aktiengesellschaft #Mining #underground mining #abandoned mining #Digitisation #ventilators

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Most clicked News

13.04.2022 (519 Clicks)

Skanska signs Contract for Work at Wastewater Resource Recovery Facility in NY, USA

Skanska has, as part of a joint venture with R.J. Industries, Inc., signed a ...  

#Skanska #Geotechnics #Supply tunnels #concrete #in-situ concrete #ventilation, dust extraction

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Most clicked News
Microtunnel Boring Machine breaks new Ground with mineral oil-free hydraulic Fluids from German Specialists

25.03.2022 (452 Clicks)

Microtunnel Boring Machine breaks new Ground with mineral oil-free hydraulic Fluids from German Specialists

The Saarbrücken civil engineering contractor SaarGrundbau has successful...  

#SaarGrundbau GmbH & Co. KG #Herrenknecht AG #Fluid Competence GmbH #Tunnelling #Supply tunnels #Hydraulics

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Most clicked News

09.06.2022 (428 Clicks)

Femern A S and SICE-COBRA sign multi-billion Contract

On Monday 30 May, Femern A/S and SICE-COBRA have signed the contract for the ...  

#Sociedad Ibérica de Construcciones Eléctricas (SICE) #Cobra Instalaciones y Servicios (Grupo Cobra) #Femern A/S #Tunnelling #Traffic tunnels

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Most clicked News

23.05.2022 (426 Clicks)

Metso Outotec wins Order for large Iron Ore Pellet Plant in Oman

Metso Outotec has signed an agreement for the delivery of engineering and key...  

#Metso Outotec #Vulcan Engineering Co. #processing

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