07.07.2023

Sandvik wins SEK 460 million mining equipment order in Australia

Sandvik has received a major order from a customer in Australia for the supply of underground mining
equipment.  

07.07.2023

Hudson Tunnel Project to receive $6.88 Billion Federal Grant

Hudson Tunnel Project Entered into Engineering Phase of Capital Investment Grant Process, Clearing Way for Full Funding Grant Agreement and Major Construction of Project  

Market-Place-4.0 Sika AG

06.07.2023

Sika acquires Thiessen Team USA - strong player in US mining industry

Sika has acquired Thiessen Team USA, a US manufacturer of shotcrete and grouting products for the mining industry in the USA. The company serves the Western US mining industry which produces essential minerals for the growing electric vehicle industry among many other critical minerals. The acquisition will open up significant cross-selling potential and will support Sika’s expansion in the US mining market.

Thiessen is a family owned business serving the mining industry in the Western region of the USA with shotcrete and grouting solutions that enable increased efficiency in mining operations. Thiessen has long-established, strong relationships with large mining customers and has built a reputation for excellent quality, hands-on technical support, and fast reaction times. The company operates two production facilities which are strategically located close to large mines in the western US, which among other excavate materials essential for the production of batteries. With the expanded investments in manufacturing of electric vehicles in the USA, demand for these critical minerals is expected to significantly increase going forward.

Increasing sustainability requirements in mining operations represents a significant potential for Sika’s robust range of solutions. A groundbreaking development is Sika’s unique technology for cement-free concrete which is already used for backfilling of shafts in the world’s largest iron ore mine in Sweden and will now be rolled out in the entire Americas region. Sika already has a strong presence in the mining industry in Latin America and Canada, which was significantly expanded through the acquisition of King Packaged Materials Company in 2019. The acquisition of Thiessen will in a similar way improve access to US mining projects. Sika products such as structural fibers, shotcrete accelerators, and backfilling solutions will complement Thiessen’s offering and further support market penetration.

Christoph Ganz, Regional Manager Americas: “The acquisition of Thiessen supports our expansion in the exciting mining business in the USA and provides Sika with a wider presence in mining across the Americas region. The offerings of Sika and Thiessen are highly complementary and open up significant cross-selling potential with new and existing mining customers. We look forward to a successful joint future and would like to extend a very warm welcome to the Thiessen employees as they join the Sika team.”

Source: SIKA

#mergers and acquisitions #United States (US) #growth #Sika AG #Grouting technique #concrete #sprayed concrete ground support system

                     

06.07.2023

Return to the Dominican Republic: Bauer Spezialtiefbau completes order on the Monte Grande dam

The Monte Grande dam in the southwest of the Dominican Republic serves as a key element of the country’s infrastructure – for controlling the Yaque del Sur River's water level, flood protection and generation of electrical energy. Tourism and using dammed water for irrigation of agricultural land also play a significant role.  

05.07.2023

Energy transition - Porr to build caverns and tunnel system for Forbach pumped storage power plant

EnBW Energie Baden-Württemberg AG is investing around EUR 280m in the conversion of the Rudolf Fettweis Plant (RFW) in Forbach from a storage and run-of-river power plant to a pumped storage power plant. PORR has secured the contract for Lot 2 “Civil works” with a total volume of EUR 98.3m.