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20.08.2020 (695 Clicks)

SMT Scharf AG enters into Partnership with Polymetal to develop Underground Electric Vehicles (EVs)

• Agreement on partnership for at least ten years
• Cooperation in the development, implementation and testing of zero-emission BEVs
• Concentration on mid-range LHDs and trucks
• Potential widening of partnership to include other commercial vehicles

20.08.2020 (1137 Clicks)

Global Bauxite Supply to be marginally affected amidst Covid-19 Measures, says GlobalData

The global bauxite mine production is expected to be marginally affected by the temporary suspension of mines due to the Covid-19 pandemic and is forecast to decline by just 0.1% to 344Mt in 2020, says GlobalData, a leading data and analytics company.

20.08.2020 (785 Clicks)

Putzmeister Experts App with new features

The Experts App developed by Putzmeister makes you an expert for Putzmeister equipment. The App summarizes the global know-how of the pump manufacturer in helpful videos, documents and calculators. Especially operators and service technicians profit from the app and get help in their daily work with the machines. They can access detailed information on machine functions, instructions for the correct installation and operation of Putzmeister machines, tips on maintenance and problem solving as well as information on accessories around the clock.

18.08.2020 (684 Clicks)

Fugro awarded CrossWind site Investigation Contract for Hollandse Kust Offshore Wind Farm

The CrossWind consortium, a joint venture between Shell in the Netherlands and Eneco, has awarded Fugro a contract to deliver comprehensive geotechnical site investigation solutions to support development of the Hollandse Kust (noord) offshore wind farm.

18.08.2020 (736 Clicks)

Skanska builds new Water Supply System in Oslo, Norway

Skanska has signed a contract with The Agency for Water and Wastewater Services in Oslo Municipality, Norway, for preparatory work in the project New Water Supply Oslo. The contract is worth about NOK 2.88 billion, about SEK 2.8 billion, which will be included in the Nordic order bookings the third quarter 2020.

17.08.2020 (702 Clicks)

thyssenkrupp introduces new HPGR Pro – the next-generation High Pressure Grinding Roll

Up to 20% more throughput,
up to 15% lower energy consumption and
up to 30% longer-lasting rollers

Improving efficiency, reliability and processes is an ongoing challenge in the mining industry. The new HPGR Pro (high-pressure grinding roll) from thyssenkrupp addresses these requirements. Based on over 40 years of experience in the minerals industry and more than 150 HPGRs installed worldwide, thyssenkrupp has further developed the technology. The HPGR Pro offers up to 20 percent more throughput, up to 15 percent lower energy consumption, and up to 30 percent longer-lasting rollers.

14.08.2020 (729 Clicks)

SMT Scharf AG: Business in H1 2020 remains significantly burdened by Coronavirus

• Consolidated revenue down to EUR 23.6 million due to coronavirus pandemic
• Operating result (EBIT) drops to EUR –1.8 million
• Exceptionally high order book position of EUR 32.7 million as of the reporting date
• Adjusted FY 2020 forecast confirmed

SMT Scharf AG, one of the world’s leading suppliers of customised transport solutions and logistics systems for underground mining, reports a reduction in its consolidated revenue of 28.7% to EUR 23.6 million in the first half of 2020 (H1/2019: EUR 33.1 million). The result from operating activities (EBIT) decreased to EUR –1.8 million (H1/2019: EUR 3.2 million). The significant reduction in revenue and earnings mainly reflects extensive policy decisions to contain the coronavirus pandemic and the resultant economic consequences. The pandemic has been impeding activity in the global mining equipment market since the start of the year.

Both SMT Scharf’s new equipment business as well as its highly profitable after-sales business decreased during the first six months of the year. Given a severely deteriorating market environment, revenue of EUR 11.3 million was generated in the new equipment business (H1/2019: EUR 13.6 million). In the services and spare parts businesses, revenue diminished to EUR 12.2 million (H1/2019: EUR 19.4 million). In the Other area, revenue of EUR 0.1 million in the reporting year was at the previous year’s level (2019: EUR 0.1 million). Accordingly, the consolidated net result for the first six months stood at EUR –1.5 million (H1/2019: EUR 3.2 million).

Hans Joachim Theiss, CEO of SMT Scharf AG, offered the following summary: “Following the officially ordered closures of some company sites, business operations have been up and running again at all locations since May, although the effects of the pandemic continue to exert a tangible impact on our business. In the short and medium term, we continue to identify attractive growth opportunities in China, where we anticipate gradual catch-up effects based on full order books and the prospective start of deliveries of China III machines in the fourth quarter. The approval of the new generation of machines by the Chinese regulator is still pending, so a further delay in the approval process cannot be ruled out.”

Owing to the current exceptional situation, the previously strongest market in terms of revenue, China, reported a sharp decline to EUR 6.6 million (H1/2019: EUR 13.7 million). SMT Scharf recorded decreases in revenues both in Poland at EUR 2.5 million (H1/2019: EUR 4.9 million) and in Africa at EUR 1.6 million (H1/2019: EUR 2.5 million). In Russia, by contrast, revenue of EUR 8.5 million was significantly higher than in the previous year (H1/2019: EUR 7.2 million) thanks to the successful processing of existing projects. At EUR 1.0 million, the share of business in Germany also performed well in the period under review, deriving from a higher level of direct deliveries to foreign markets (H1/2019: EUR 0.7 million).

The SMT Scharf Group’s new order intake amounted to EUR 31.4 million in the first six months of 2020 (H1/2019: EUR 33.0 million). The order book stood at EUR 32.7 million as of the June 30, 2020 reporting date (June 30, 2019: EUR 19.6 million). Ongoing approval issues in China are making a key contribution to SMT Scharf’s extraordinarily high order book position.

“As far as the remainder of 2020 is concerned, it is anticipated that the economic consequences of the coronavirus pandemic will continue to weigh heavily on general demand in the global market. We remain well positioned within our niche, and aim to participate in the growth trends in the mining industry over the coming years. To this end, we are pushing ahead with our strategic initiatives in product development and sales, as well as to improve Group structures,” notes Theiss.

The Managing Board of SMT Scharf AG retains the forecast it adjusted in April, anticipating consolidated revenue in a range between EUR 55 million and EUR 57 million for the 2020 fiscal year, and EBIT in a range between EUR –1.4 million and EUR –1.6 million.

Source: SMT Scharf

                     

13.08.2020 (758 Clicks)

Webuild: Work starts on Section of Verona-Padua High-Speed/High-Capacity Railway in Italy

The IRICAV 2 consortium led by the Webuild Group has signed a contract worth a total of about €2.5 billion to start work on the first section of a high-speed/high-capacity railway being developed between Verona and Padua and commissioned by Rete Ferroviaria Italiana (RFI) (Gruppo FS Italiane). The signing comes as the Group forges ahead with Progetto Italia, a strategy to consolidate and strengthen Italy’s infrastructure sector. The Group owns 83% of the consortium (Webuild 45.44%, Astaldi 37.49%) and Hitachi Rail STS.

13.08.2020 (714 Clicks)

Snowy 2.0: first of three TBM’s arrives at Port Kembla for Australia’s biggest Hydroelectric Project to be built by Webuild

The first large tunnel-boring machines (TBM’s) for Snowy 2.0, the largest renewable energy project in Australia, has arrived at Port Kembla. The TBM is one of three that Snowy Hydro Limited has ordered to build the project.

13.08.2020 (721 Clicks)

Cimic's CPB awarded Contracts in Queensland & WA

Cimic Group’s CPB Contractors has been awarded two contracts for resources and water projects located in Western Australia and Queensland.