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18.10.2019 (909 Clicks)

Appointed new Board of Directors of Salini Costruttori

The Board will include Claudio Costamagna, Sergio Erede, Daniele Gambirasio, Nicola Greco, Antonio Nuzzo, Alessandro Salini, Francesco Saverio Salini, Pietro Salini and Simonpietro Salini.

18.10.2019 (914 Clicks)

Salini Impregilo enters Norway: Group wins Railway Contract

Salini Impregilo enters the Norwegian market for the first time with the signing of a €388-million civil works contract to upgrade a 13.6-kilometre section of a rail line between the towns of Nykirke and Barkaker south of Oslo. The contract is the latest effort by the Group to expand in countries that are investing in infrastructure and carry a lower risk profile, such as Australia and the United States.

18.10.2019 (855 Clicks)

First Holes drilled at the Maly Patom Project in Russia

Kopy Goldfields AB commenced a drilling program at the Maly Patom ('Northern Territories' or 'NT') exploration project. The exploration program targets gold discoveries at one to three previously identified gold anomalies and so far, six holes have been drilled with sulfide mineralization identified in several samples and two samples containing visible gold grains.

17.10.2019 (1051 Clicks)

Bontexgeo – New Ownership and new Name

On 3 September 2019 Low & Bonar PLC has announced that it has completed the sale of their civil engineering business, which includes the production facilities in Belgium and Hungary, to Nimbus, a Netherlands based private equity fund. This sale is in line with the strategy announced on July 11, 2018 to dispose of the civil engineering division in order to simplify their portfolio and improve their debt position.

17.10.2019 (799 Clicks)

Freudenberg submits offer for listed Company, Low & Bonar PLC

Technology group wishes to strengthen nonwovens business

On 20 September 2019 Freudenberg, the global technology group made an offer to acquire 100 percent of the shares in Low & Bonar PLC, London, United Kingdom. Low & Bonar is a globally active manufacturer of technical textiles. The step would allow Freudenberg to further expand its technical expertise in spunlaid nonwovens. In addition, the acquisition would open up new areas of activity to Freudenberg. In the past financial year, Low & Bonar generated global sales of approximately 350 million British Pounds (equivalent to some 394 million euros at today’s exchange rate) with approximately 1,900 employees. The proposed acquisition is subject to, among other things, Low & Bonar shareholder approval and approval by the antitrust authorities. Low & Bonar is listed on the London Stock Exchange and is a FTSE All Share Index company.

“With the acquisition, we would like to strengthen our performance materials business, and with Low & Bonar’s innovative technology we could further expand our technical know-how,” says Dr. Mohsen Sohi, Freudenberg Group CEO.

Further Expansion of its Spunlaid Business

“As a spunlaid production pioneer, Freudenberg has offered its customers solutions based on a one-step production process since 1968. Low & Bonar’s two-step process solution will give us greater flexibility and allow us to more individually tailor our solutions to customer requirements,” explains Dr. Frank Heislitz, Freudenberg Performance Materials CEO. In addition, Freudenberg would be able to offer its customers a broader product range, especially in existing applications for the construction, building interiors, home textiles and automotive sectors.

“We will also open up new areas of activity with new applications for Freudenberg thanks to Low & Bonar’s adjacent technologies,” says Heislitz.

International Presence

Founded in 1903 and headquartered in London, Low & Bonar has 11 production facilities in Asia, Europe and North America. The company’s aim is strong growth in its markets in the world regions, thus expanding its international footprint. Freudenberg has operated successfully in the USA and China for decades and is thus an ideal partner for the implementation of this strategy.

The Same Understanding of Quality and Sustainability

Like Low & Bonar, Freudenberg uses highly developed technologies in its fabric and textile development and production as well as for textile and material finishing. The products of both companies are known for their outstanding quality.

Freudenberg and Low & Bonar also share the same approach when it comes to sustainability. Both companies aim to act responsibly and sustainably. Sustainability is integrated in the product cycle: from raw material and energy usage to the entire manufacturing process. Not only are international standards met; they are also exceeded.

Source: Freudenberg SE

                     

17.10.2019 (1544 Clicks)

Rema Tip Top Middle East: Local Presence in an Aspiring Region

Rema Tip Top AG is strengthening its position in the Middle East and is opening its own Rema Tip Top Middle East hub in Dubai.

17.10.2019 (2252 Clicks)

Strabag building Hatta pumped Storage Power Plant in Dubai

• Contract value of € 340 million, Strabag share of 35 %
• Turbine shaft with 36 m diameter and a depth of 70 m
• United Arab Emirates among the group’s core international markets

16.10.2019 (857 Clicks)

Siemens’ gearless Drive Technology Powers high-capacity Overland Conveyor in Quellaveco

• Conveyor system will move 127,500 tons of primary crushed ore per day
• New Siemens’ gearless drive technology to increase reliability and efficiency additionally by up to 4 percent
• Maintenance requirements of the drive system significantly reduced

16.10.2019 (825 Clicks)

Hexagon introduces MinePlan Project Evaluator

Solution spells new era for mine planners tasked with strategic planning

15.10.2019 (1083 Clicks)

Thyssenkrupp Industrial Solutions announces new CEO of the Mining Technologies Business Unit

Effective November 1, 2019, Jan Lüder will take over as Chief Executive Officer (CEO) of the Mining Technologies business unit at Thyssenkrupp Industrial Solutions AG.