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22.03.2020 (616 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 (983 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 (655 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 (651 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 (626 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

Strabag, the largest Austrian construction company, is halting its regular construction operations in Austria. The order applies until further notice and at least as long as the 98th Directive of the Federal Minister of Social Affairs in accordance with Section 2 of the federal law on provisional measures to prevent the spread of COVID-19 (COVID-19-Maßnahmengesetz) applies – i.e. until 22 March 2020. Approximately 1,000 construction sites will be affected.

“The restrictions on public life associated with the coronavirus prevention measures are having an enormous impact on our construction operations. After weighing all the interests and, above all, due to our responsibility to society, we feel compelled to take this drastic step,” said Strabag SE CEO Thomas Birtel. An evaluation of the construction sites has shown that for many of the sites a one-metre distance between employees cannot be consistently guaranteed in practice during construction operations, as is now required by law, and that the supply chain of materials and subcontractors can no longer be ensured.

The sites to be closed are being secured and, because it is unclear how long this emergency situation will last, will be prepared for a shutdown of several weeks. Projects in which the minimum distance can be maintained, as well as projects of overriding public interest, will be continued to a limited extent in agreement with the clients.

As a precautionary measure, Strabag is activating the “early warning system” stipulated by Section 45a AMFG (Austrian Labour Market Promotion Act) for both its blue-collar workers and its white-collar employees in Austria. The necessary business operations in Austria will of course be maintained in compliance with the legal requirements to ensure that the construction operations can be resumed in an orderly manner following an end to the shutdown.

It is currently not possible to reliably assess whether and to what extent construction will also be temporarily suspended in the other group countries.

From today’s standpoint, it is not yet clear whether and to what extent any negative impact that will inevitably result from the suspension of construction activity may be offset by any subsequent positive effects. If the current situation continues for a longer period of time or if it worsens over the coming months, negative consequences can be expected in any case. Ultimately, the impact on earnings and on the targeted EBIT margin of publicly listed Strabag SE for the 2020 financial year can only be determined more precisely once the situation normalises.

Source: Strabag SE

                     

19.03.2020 (670 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 (733 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 (572 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 (638 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.

17.03.2020 (679 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.