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22.03.2020 (634 Clicks)

BAM's digital Credentials win BIM Kitemark

BAM Construct UK has become one of the first firms in the UK to become accredited to Kitemark standard for Building Information Modelling (BIM).

20.03.2020 (1000 Clicks)

Construction of a hydroelectric Dam in Madagascar

Sogea-Satom (Vinci Construction), in a joint venture with SCB (Société de Construction et de Bâtiment), has been participating since April 2018 in the construction of the Farahantsana hydroelectric dam on the Ikopa River, 30 km to the north-west of the capital, Antananarivo.

20.03.2020 (666 Clicks)

New Senior Vice President IT at Skanska AB

Anders Candell is appointed new Senior Vice President IT at Skanska AB as of August 17, 2020.

20.03.2020 (661 Clicks)

Anglo American secures Future of Woodsmith Polyhalite Project in UK

On 20 January 2020, the boards of Sirius Minerals Plc (Sirius), Anglo American plc (Anglo American) and Anglo American Projects UK Limited (Bidco) announced that they had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Sirius by Bidco (the Acquisition), to be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the Scheme).

20.03.2020 (637 Clicks)

Coronavirus: Strabag suspends Austrian Construction Site Activity for the Time being and initiates early Warning System according to § 45a AMFG as a Precaution

• Around 1,000 sites affected
• Minimum distance not guaranteed, supply chain not assured
• Early warning system activated for employees in Austria

19.03.2020 (681 Clicks)

Conexpo 2020 – Carmix presented new Service for American Building Companies

At Conexpo 2020, Carmix has presented a new service for the American building companies and has focused on the off-road mobile batching plant’s technology

19.03.2020 (741 Clicks)

New Member brings Aviation Expertise To Parsons’ Critical Infrastructure Strategic Advisory Board

Parsons Corporation announced Lysa Scully, an aviation industry expert with more than 30 years of experience, has joined the company’s Critical Infrastructure Strategic Advisory Board. Scully is the former chief executive officer of LaGuardia Airport, the 20th largest commercial service airport in the United States.

19.03.2020 (579 Clicks)

Queensland's Resources Sector’s “people first” COVID-19 Response

The health and well-being of the 372,000 men and women working in the State resources sector is the priority for the Queensland Resources Council (QRC) and its member companies in response to the novel coronavirus (COVID-19).

19.03.2020 (653 Clicks)

Individual Value Adjustment from a legal Dispute affects consolidated financial Statement 2019 of Bauer AG

The consolidated financial statement of Bauer Aktiengesellschaft for 2019 will be negatively affected by an individual value adjustment to be made due to a legal dispute. As a result, the Group will not achieve its forecast for 2019 given to date.

The ruling received today from the Hong Kong High Court, with an unexpected negative outcome, ends an appeal in state courts in relation to an arbitration ruling made in 2018. An affiliated company of the Bauer Group carried out major construction works for an underground train station in 2011 and 2012 and had claimed additional expenses from the client due to difficult soil conditions. For the Group, the new ruling now means a reassessment of the original arbitration ruling and a considerable burden on earnings. The Management Board therefore expects that value adjustments of around EUR 40 million will have to be made in the balance sheet. The burden on liquidity is expected to be around EUR 10 million. Due to this effect, the Bauer Group expects, that the key earnings figures EBIT and earnings after taxes for the financial year 2019 will fall by around EUR 40 million compared with the last forecast.

Previously, an EBIT of EUR 70 million and only slightly positive earnings after taxes were expected. As a result, the Bauer Group will not be able to meet the covenants agreed with its financial partners as at 2019, December 31. As the Group has been able to significantly reduce its net debt in recent years and significantly improve its overall financing situation, the Management Board believes that a good solution will be found together with the financial partners. The Management Board of Bauer AG has therefore decided that no dividend will be paid to shareholders for the 2019 financial year.

Source: Bauer Group

                     

17.03.2020 (688 Clicks)

Metso supplies Calcining System to Russia

Metso has signed a contract for the delivery of a calcining system to a customer in Russia. The order value of approximately EUR 30 million has been booked in Metso’s Q1 2020 orders received. Commissioning of the system is expected to take place in 2023.