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28.04.2020 (843 Clicks)

COP26 President closing remarks at Petersberg Climate Dialogue

COP26 President Alok Sharma's closing remarks at the 11th Annual Petersberg Climate Dialogue, a virtual conference co-hosted by the UK and Germany.

28.04.2020 (838 Clicks)

Hochtief AGM – Strong Liquidity and Order Book

• Nominal net loss of EUR 206 million due to BICC one-off effect
• Operational net profit up 28% to EUR 669 million
• Strong liquidity and order book

28.04.2020 (691 Clicks)

Flender to expand in Western Australia with a new purpose-built Facility

Flender, a leading global supplier of mechanical drives and a subsidiary of technology giant Siemens has announced plans for a expansion into Western Australia with a new state-of-the-art facility in Tonkin Highway Industrial Estate in Bayswater. The move comes as Flender continues to grow in the region and looks to expand its operations in Western Australia to meet increasing customer demand, especially in wind energy and mining sectors.

The investment will include a new purpose-built 3,500 square metre facility set for completion in September. When complete, the new premises will be the only OEM facility on the West Coast with a 1.5 MW test bench capable of testing complete drive systems up to a voltage of 6.6 KV.

Kareem Emara, CEO and Managing Director at Flender Australia, said that relocating to Tonkin Highway Industrial Estate will allow Flender to centralise operations and get closer to customers in Western Australia: “Flender has been renowned for high performance, innovation, quality, and reliability of mechanical components for over 120 years. We have been growing exponentially the last few years and now have the biggest installed base in mining and wind turbine gearboxes compared to any other OEM in Australia.”

“Regardless of where we are, being close to our customers is the cornerstone of our business model. Western Australia has been an excellent market for us in the recent years. It’s only natural for us to reinvest in this key market and be where our customers are to offer them the combined brains trust of over 50 facilities worldwide through this new state-of-the-art centre,” said Mr. Emara.

Flender has the largest installed base of industrial drives in Western Australia. Some installations have been in operation since the 1970s and are still in service today in mine and port locations across the Pilbara and other regions of WA. The facility will also be designed to cater for projected growth in ‘geared’ wind turbines over the next couple of decades. The new facility will enable Flender to combine sales, project delivery, engineering and training in one location.

“Whilst Covid-19 has presented challenges to Australian economy, we take a long-term view and are confident in our expansion plans to help set up the right support structure for the nation’s critical energy infrastructure and industry. Having been in WA for over 40 years, our view is and always has been long-term. We are supporting critical industries such as mining now and are preparing for future growth in other industries,” added Mr. Emara.

This announcement follows the $5 million investment into Rockhampton service centre in 2017.

Source: Flender GmbH

                     

27.04.2020 (782 Clicks)

ProfilGruppen appoints new CFO

ProfilGruppen has appointed Niklas Danielsson as new Group CFO. Niklas is 53 years old, has a degree of master of science in business administration and is currently working as Head of Finance for the technical consultancy company Rejlers Sverige AB.

27.04.2020 (772 Clicks)

Gisera examines Hydraulic Fracturing Impacts on Air Quality, Soils, Groundwater and Waterways

A comprehensive three-year scientific study into the air, water and soil impacts of hydraulic fracturing in Queensland has found little to no impacts on air quality, soils, groundwater and waterways.

The study also found current water treatment technology used for treating water produced from coal seam gas wells is effective in removing hydraulic fracturing chemicals and naturally occurring (geogenic) chemicals to within relevant water quality guidelines.

27.04.2020 (1230 Clicks)

Miners welcome ACCC OK for COVID-19 cooperation

The Queensland Resources Council has welcomed the interim authorisation granted by the Australian Competition & Consumer Commission (ACCC) to allow resource companies to co-ordinate on sourcing crucial supplies during the COVID-19 pandemic.

27.04.2020 (778 Clicks)

Mining: HÖRMANN enters the Brazilian Market with its outdoor Warning Systems

Vallourec installs a modern outdoor warning system with electronic sirens from the German manufacturer in the iron ore mine of Pau Branco near the Brazilian town of Brumadinho to protect the population from deadly mudslides or tidal waves.

26.04.2020 (1412 Clicks)

Fugro completes Site Investigation for new Aswan Dam Bridge

Fugro has successfully completed a geotechnical site investigation to provide essential Geo-data for the design and construction of a new bridge over the Aswan Dam on the Nile river.

24.04.2020 (680 Clicks)

Wintershall Dea makes Discovery in Norwegian Sea

• Bergknapp oil discovery with resource estimate between 26–97 million boe
• Appraisal measures and development options being considered

23.04.2020 (681 Clicks)

Sydney Metro Project: History made as Metro Tunnelling complete under Sydney Harbour

New twin metro railway tunnels deep under Sydney Harbour are complete in a historic milestone – with all tunnelling now finished on the Sydney Metro City & Southwest project.