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24.07.2020 (689 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 (753 Clicks)

Skanska publishes six Month fincancial Report, January–June 2020

January-June 2020 compared to January-June 2019

Highlights according to segment reporting

• Revenue decreased 5 percent and amounted to SEK 76.7 billion (80.9); adjusted for currency effects revenue decreased 6 percent.
• Operating income increased 16 percent and amounted to SEK 3.7 billion (3.2); no currency effects.
• Earnings per share increased 14 percent and amounted to SEK 7.29 (6.41).
• Operating cash flow from operations amounted to SEK 3.3 billion (–2.5), according to IFRS.
• Adjusted interest-bearing net receivables (+)/net debt (–) totaled SEK 6.8 billion (March 31, 2020: 5.3), according to IFRS.
• Order bookings in Construction amounted to SEK 78.2 billion (61.9); adjusted for currency effects order bookings increased 25 percent. The order backlog amounted to SEK 189.0 billion (March 31, 2020: 199.0).
• Operating income in Construction amounted to SEK 1.4 billion (1.6).
• Operating income in Project Development amounted to SEK 2.7 billion (1.7).
• Return on capital employed in Project Development was 11.9 percent (10.9).
• Return on equity was 20.6 percent (17.4).

Source: Skanska

                     

24.07.2020 (651 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 (591 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 (749 Clicks)

ITA-AITES WTC 2020 in Malaysia goes digital

ITA and IEM hereby jointly announce that WTC2020 in Kuala Lumpur, Malaysia scheduled from 11^th to 17^th 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 (701 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 (744 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).

21.07.2020 (610 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 (724 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