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24.07.2020 (692 Clicks)

Fugro completes Phase 1 of Site Investigation Contract for Qatargas North Field

Fugro has completed the first phase of their multidisciplinary offshore site investigation for Qatargas’ North Field Production Sustainability’s Compression Phase.

24.07.2020 (758 Clicks)

Skanska publishes six Month fincancial Report, January–June 2020

January-June 2020 compared to January-June 2019

24.07.2020 (655 Clicks)

Costain Driving Industry Innovation as strategic Partner in UK Government’s new Living Lab Programme

Digital connectivity and data in transportation infrastructure

23.07.2020 (702 Clicks)

Cimic's UGL secures new Maintenance Services Contracts

UGL, a Cimic Group company, has secured new contracts and extensions for maintenance and turnaround services contracts in Queensland, Western Australia and Victoria.

23.07.2020 (593 Clicks)

Sika defies Coronavirus Crisis with Growth in local Currencies

• Sales growth of 2.9% in local currencies to CHF 3,614.6 million (–3.2% in CHF)
• High negative currency effect of –6.1% (impact of minus CHF 225 million in sales and CHF 29 million in EBIT)
• Maintained high EBITDA margin of over 16% (currency adjusted absolute EBITDA was flat)
• Operating profit (EBIT) at CHF 410.2 million (–14.8%)
• Increased operating free cash flow amounting to CHF 254.7 million (+41.7%)
• Closing of acquisition of Adeplast (Romania), takeover of Modern Waterproofing Group (Egypt), and buildup of a new factory in Barranquilla (Colombia)
• Outlook for the second half of the year: Sika is expecting more favorable market conditions. With the anticipated improvement in sales volumes, the company expects an over-proportional EBIT increase for the second half of the year
• Confirmation of 2023 strategic targets for sustainable, profitable growth

22.07.2020 (756 Clicks)

ITA-AITES WTC 2020 in Malaysia goes digital

ITA and IEM hereby jointly announce that WTC2020 in Kuala Lumpur, Malaysia scheduled from 11th to 17th September 2020 will be moved to a fully digital platform due to the impacts of COVID-19, including border restrictions and health risks associated with international travel and the assembly of large meetings.

22.07.2020 (706 Clicks)

REMAREP ULTRA 10: The Industry's Fastest Belt Repair

Repair in record time: With the new 2-component repair compound REMAREP ULTRA 10, the repair time for minor damage to conveyor belts or elastomer components is considerably reduced. This new product innovation repairs every conveyor belt in a quality comparable to the original material.

22.07.2020 (749 Clicks)

Boliden’s second quarter: Stable production and rescheduled maintenance shutdowns

Revenues for the second quarter were SEK 13,391 m (12,747), with an operating profit, excluding revaluation of process inventory, of SEK 1,634 m (1,631). Free cash flow amounted to SEK 1,174 m (789).

“A strong quarter from which we take great satisfaction, having achieved stable production and adeptly handled the challenges related to Covid-19. We have managed to minimise the negative impact on our business and, despite lower global market prices for base metals, the result was in line with last year and cash flow increased,” says Mikael Staffas, President and CEO.

The operating profit at Boliden Mines decreased to SEK 779 m (1,149). The decrease in earnings compared to last year was driven by lower zinc and copper prices. Aitik’s milled volume was higher than both the previous quarter and last year. The Boliden Area’s milled volume decreased slightly, while Garpenberg’s milled volume achieved a new record following the completion of an investment programme. The milled volumes at Tara and Kevitsa were also higher than last year. The fire in the primary crushing station at Kevitsa in May affected earnings by approximately SEK -80 m. Repairs are expected to be completed in August.

The operating profit at Boliden Smelters, excluding revaluation of process inventory, was SEK 914 m (387). The improvement in profit is mainly due to significantly less extensive maintenance shutdowns than last year, which has had a positive impact on both volumes and costs. Rönnskär’s copper production decreased slightly compared to the previous quarter, while production of most metals increased at Harjavalta. Zinc production at Kokkola and Odda was slightly lower than in the previous quarter. Production was also lower at Bergsöe.

About Boliden

Boliden is a metals company with a focus on sustainable development. Our roots are Nordic, our market global. Our core competence lies within the fields of exploration, mining, smelting and metal recycling. Boliden has around 6,000 employees and an annual turnover of SEK 50 billion. The share is listed in the Large Cap segment on NASDAQ OMX Stockholm.

Source: Boliden

                     

21.07.2020 (618 Clicks)

Genoa's New Bridge towards Completion of Project: Start of Load Tests with 56 Trucks, 2,500 Tonnes

Load tests have begun on Genoa’s new bridge following the near completion of the structure in a record 13 months by Webuild and Fincantieri. The tests, conducted by state motorways entity Anas and Rina, began with 16 lorries driving along the bridge during what is called phase zero of a preliminary assessment.

21.07.2020 (726 Clicks)

RWE chooses State-of-the-Art electrical Transmission System for its 1.4 GW Sofia Offshore Wind Farm

• World’s number 2 in offshore wind further strengthens its renewables business in the UK
• GE Renewable Energy’s Grid Solutions and Sembcorp Marine chosen as preferred suppliers for the project’s high voltage direct current transmission system
• Offshore construction works expected to start in 2023 / More than 50 % of the system components will be manufactured in local UK facilities