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05.05.2020 (771 Clicks)

Salini Impregilo becomes Webuild: bigger, stronger and ready to serve the Nation

Salini Impregilo is changing its name to Webuild, with the message “bigger, stronger and ready to serve the nation” to accompany a publicity campaign that begins in Italy’s major newspapers and news websites. It also comes on the day that Salini Impregilo shareholders meet at their annual assembly to approve the new name of a Group that is ready to contribute to the revival of the Italian economy within the context of an infrastructure investment plan capable of creating thousands of jobs. The launch of the Company’s new name, which will soon be online at www.webuildgroup.com and on social media channels with the account name Webuild, signals the latest step in the Group’s evolution, becoming ever more global with a strong base in Italy. It is a process of growth for the Company under the management and coordination of Salini Costruttori SpA within the context of Progetto Italia (Project Italy), and also thanks to the support of CDP Equity SpA and the country’s main financial institutions (UniCredit, Intesa Sanpaolo, Banco Popolare BPM) and investors who believe in the project.

Progetto Italia (Project Italy) creates value for shareholders, and with the union between Salini Impregilo/Webuild and Astaldi, the new Group will have a combined order backlog of €42.5 billion (Salini Impregilo at €36 billion and Astaldi at €6.5 billion). The new Group will make the most of Italian know-how and create growth opportunities for small- and medium-sized Italian businesses that are part of the supply chain. Salini Impregilo and Astaldi in Italy had nearly €1.3 billion worth of purchases from local suppliers in the 2018-2019 period. In 2019, Salini Impregilo alone worked with more than 1,500 companies, 90% of them small- and medium-sized.

The Webuild Group, the result of a merger with Astaldi, will have 70,000 direct and indirect employees globally, and reach about 130,000 when taking into account the entire supply chain. In Italy, with the completion of the Astaldi acquisition, Webuild will reach 11,000 direct and indirect employees, with a total of 25,000 people employed when taking into account the supply chain.

The campaign will underline the Group’s growth strategy: to compete always more actively in international markets thanks to the aggregation of Italian excellence in the infrastructure sector, beginning with Astaldi, and putting itself at the service of the country, as seen with the success of the new Genoa Bridge. Like the Genoa project, where public institutions and companies collaborate to complete this symbolic work, there is also Progetto Italia, born out of a vision shared by Salini Impregilo, main institutions and financial players, who believe in the value of a project to restart the infrastructure sector in Italy, giving work to thousands of people and small- and medium-sized companies that make up the supply chain. A highlight of the campaign is Genoa’s new bridge, which the Group is building together with Fincantieri in record time, and which Webuild has bathed in the magic of tricolour lights in recent days following the completion of the deck. It lights up the bridge along its entire length as well as each of its 18 piers with the three colours of the Italian flag, accompanying the tricolour lasers that beam across the top of the bridge.

The new name evokes the company's vision that is anchored in the verb 'build', which represents the DNA of a company that has been building infrastructure for 114 year on every continent and under every condition, from big cities to the tropics, from the deserts to ice fields. The word “we' expresses the fundamental roles played by people and teams in a business in which sustainability and safety are fundamental. The innovative spirit behind the name accompanies the desire to value the solid foundations that have been built up until now, with the keeping of the graphic logo of the globe with the five “whirls”. The name also keeps the sector’s promise - 'to build to create value' - a definition that already belongs to the Salini Impregilo Group brand, with its pay-off and the name of the proprietary digital magazine 'We Build Value', first published in 2015. In addition to the new name, a new proprietary font, the 'We Build type', has also been created, representing the continuous evolution of the Group's brand identity. The brand will thereby gain greater strength and will therefore be immediately distinguishable and more innovative.

Source: Webuild (former Salini Impregilo)

                     

05.05.2020 (662 Clicks)

Global energy demand to plunge this year as a result of the biggest shock since the Second World War

The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%.

05.05.2020 (873 Clicks)

Anglo American Platinum ramps up ACP Plant to restart refined PGM Production

Anglo American plc notes the announcement by Anglo American Platinum Limited released to the Johannesburg stock exchange. The text of the announcement is copied below:

Anglo American Platinum has safely and successfully completed the repair of the Anglo Converter Plant (ACP) Phase B unit. The ACP and full downstream processing operations are completing a safe ramp-up and expect to be fully operational from 12 May 2020. Force majeure to suppliers of concentrate will be lifted on that date.

02.05.2020 (787 Clicks)

QRC welcomes AGL's Cooper Gap Wind Farm Completion

The Queensland Resources Council has welcomed the completion of AGL’s Cooper Gap Wind Farm with a full capacity of 453 megawatts or the equivalent renewable energy to power 264,000 homes.

30.04.2020 (679 Clicks)

Fugro secures Remote Operations Contract on Well-Safe Guardian

Fugro has secured an initial 3-year contract with Well-Safe Solutions, a UK-based offshore well decommissioning service provider.

30.04.2020 (1185 Clicks)

Fugro wins Contract for A9 Motorway Widening in the Netherlands

Fugro has been awarded a 3-year contract for an extensive geotechnical campaign and subsequent design work as part of the A9 motorway upgrade and expansion project in the Netherlands.

30.04.2020 (787 Clicks)

Top M&A legal Adviser in Metals and Mining sector by Value in Q1 2020 accordint to GlobalData

McCarthy Tetrault has dominated the mergers and acquisitions (M&A) legal advisers league table, by leading data and analytics company GlobalData, based on deal value in Q1 2020, having advised on two deals worth US$748.4m.

29.04.2020 (789 Clicks)

Datwyler sells Civil Engineering Business to Management Team

Datwyler sold its civil engineering business to representatives of the existing management on 28 April 2020. The management buy-out is supported by the Hamburg-based private equity firm BPE, which specializes in transactions in the German mid-sized sector since over 20 years. The closing of the agreement is scheduled for 4 May 2020.

29.04.2020 (626 Clicks)

Endomines: Agreement with Transatlantic Mining to buy US Grant Mine and Mill and Kearsarge Gold Project

Endomines AB announced that further to the letter of intent announced on January 28 the following transaction terms now agreed with Transatlantic Mining to acquire the US Grant gold mine and mill in conjunction with the Lease Assignment of the Kearsarge Gold Project. Target is to close the transaction by May 31, 2020.

29.04.2020 (619 Clicks)

QRC applauds Glencore’s Investment to secure COVID-19 Testing Equipment for Mount Isa

The Queensland Resources Council has welcomed a $45,000 investment from Glencore to secure vital COVID-19 testing equipment for the Mount Isa Hospital.