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01.04.2020 (620 Clicks)

SSAB: Actions taken due to the Covid-19 Situation

SSAB implements several short-term actions across the business to mitigate the effects of Covid-19 and the total annualized savings are estimated to exceed SEK 1 billion.

SSAB's annual general meeting (AGM) was held today, April 1, 2020, in Stockholm. The AGM resolved that no dividend will be paid for the financial year 2019.

During the first three months of the year the business has largely proceeded according to expectations. SSAB´s focus during the first quarter has been to reduce risks of spreading the Covid-19 virus, including measures to protect the health and safety of our personnel and at the same time sustaining operations.

01.04.2020 (751 Clicks)

Innovation Platform Nexplore forms Research Cooperation with TU Darmstadt

Cooperation aimed at using Artificial Intelligence in construction

31.03.2020 (663 Clicks)

Industry comes together to form Green Hydrogen Consortium

Hatch, Anglo American, BHP, and Fortescue have formed a Green Hydrogen Consortium to look at ways of using green hydrogen to accelerate decarbonization within their operations globally.

31.03.2020 (678 Clicks)

Costain announces new Managing Director of its Transportation Division

Sue Kershaw has joined Costain as managing director of its transportation division where she will be responsible for the highways, rail and aviation sectors. Sue will join the Group’s Executive Board and report to Alex Vaughan, chief executive officer.

31.03.2020 (605 Clicks)

Sandvik receives tubular Orders for the Energy Industry

Sandvik Materials Technology has received large orders for advanced tubes for the energy segment. The orders were booked in the first quarter 2020 at a combined value of about 630 million SEK, with deliveries scheduled as from the second half of 2020.

30.03.2020 (717 Clicks)

SMT Scharf AG significantly increases Revenues and Earnings in 2019 thanks to strong Business in China

• Consolidated revenue of EUR 75.4 million well above previous year
• Operating profit (EBIT) grows significantly to EUR 6.8 million
• Strong business in China delivers strong revenue and earnings surge in Q4/2019
• Progress of business in China in 2020 still dependent on China III approval

30.03.2020 (680 Clicks)

Genoa’s new Bridge: Work pursues its Course on site strictest Measures adopted for Workers’ Safety

Work at the construction site of Genoa’s new bridge is pursuing its course following the completion of the piers and the installation of 750 m of the deck with the hoisting of the latest section over the railway. It is being done while rigorously respecting the strictest safety measures for workers and applying the most rigid regulations to protect the health of all direct and indirect employees.

28.03.2020 (560 Clicks)

Vale announced temporary Aid Package for Suppliers

Vale announced it will anticipate payments to small and medium-sized businesses; approximately R$ 160 million will be injected into the economy in the coming days

Vale announced a series of support initiatives for its suppliers during the crisis caused by the coronavirus epidemic. The estimate is that, through these measures, the company will inject about R$ 160 million into the Brazilian economy in the coming days with the anticipation of payments to small and medium-sized companies.

'At a time when the country is experiencing great uncertainty, we will use our distribution network, our presence at the base of the production chain and our capacity of mobilization to help our suppliers face the impacts of this pandemic, always focusing on the health and safety of people', says Alexandre Pereira, Executive Officer of Global Business Support.

The initiatives announced are as follows:

• 1. Vale will advance payments to small and medium-sized companies in Brazil, even before the invoices are due, for services already performed and materials delivered. Over R$ 160 million will be disbursed with this action. The measure will benefit more than a thousand suppliers from all over the country.
• 2. In the next 30 days, Vale will reduce the payment terms for services and materials by up to 85%, which will still be invoiced by approximately 3,000 small and medium-sized suppliers.
• 3. Vale will also provide financial support to construction companies and workers allocated to projects which are being halted by the company. The halting has two objectives: to reduce the flow of people in the company's sites, therefore increasing the safety of Vale's employees and outsourced workers, who continue to perform key operational roles, and to concentrate resources on essential activities for the country at this moment. There will be no impact on works related to dam safety.

Vale works in compliance with the health and safety protocols set by the authorities and public agencies of each of the countries where it operates and is monitoring the development of the situation.

Source: Vale

                     

27.03.2020 (1515 Clicks)

IDS GeoRadar, Worldsensing launch unique Mining Monitoring Package

Industry-first comprehensive monitoring solution covering surface, sub-surface and geospatial monitoring

27.03.2020 (780 Clicks)

W.S. Tyler Equipment rebrands to Haver & Boecker Niagara

Haver & Boecker introduces its global mineral processing brand, Haver & Boecker Niagara, to North America. Haver & Boecker Niagara combines the long-term success of the Tyler brand in North America with Haver & Boecker’s worldwide engineering and application expertise to help customers address their screening challenges more efficiently and more profitably through a complete portfolio of innovative mineral processing technologies.