Akobo Minerals AB, the Scandinavian-based Ethiopian gold exploration and boutique mining company, today announced that it has signed an agreement with MKS PAMP for a range of gold refinery-related services. The company - one of the most respected precious metals industry players - is an independently operated precious metals refining and fabricating company and part of the MKS PAMP GROUP.
- 5,600 tonne bridge moved under the Coventry to Leamington railway 27 hours ahead of schedule
- This is the third giant bridge move in two weeks as HS2’s construction ramps up in the West Midlands
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Sika acquires Chema – a leading Mortar Manufacturer in Peru
Sika has agreed to acquire a leading manufacturer of tile setting materials operating under the umbrella brand Chema in Peru. The acquisition strengthens Sika’s position in the fast-growing mortar market and provides major cross-selling opportunities through increased presence in the distribution channel. In addition, it significantly extends Sika’s manufacturing footprint. In 2022, the business to be acquired generated sales of CHF 50 million.
Chema is a family-owned, high-performing business with strong, well-established brands in the Peruvian mortar market. The company provides a wide range of tile adhesives, tile grouts, as well as other complementary products renowned for their high quality and ease of application. Chema has a strong presence in the distribution channel serving home centers, builders’ merchants, hardware stores, and smaller retailers. The wide, loyal customer base appreciates the efficient logistic organization and reliability of supply coupled with a top product offering. Four modern plants and seven warehouses allow a nationwide manufacturing and distribution coverage.
The acquisition accelerates the development of Sika’s Building Finishing portfolio and significantly strengthens its presence in the distribution channel in Peru, providing exciting cross-selling opportunities for complementary products such as sealants, adhesives, liquid applied membranes, and waterproofing products. Chema’s manufacturing footprint perfectly complements the one of Sika Peru. With the combined presence, Sika will have a nationwide manufacturing coverage that will enhance its ability to serve and supply customers with its products throughout the country. The transaction is subject to clearance by the local anti-trust authorities.
Christoph Ganz, Regional Manager Americas: “With our combined businesses and the improved market access, we will have an excellent platform to further grow and strengthen our presence in the Peruvian market. The nationwide geographical footprint will support our strategic focus on big cities and enable us to better serve new and existing customers with complete solutions. We are looking forward to welcoming the Chema employees to the Sika family and are excited to develop our business together in the future.”
SMT Scharf AG (WKN: A3DRAE; ISIN: DE000A3DRAE2) hereby gives notice that Mr. Hans Joachim Theiß has informed the Supervisory Board that he will not be extending his contract, which ends on December 31, 2023,
Backstops in machines and systems prevent uncontrolled and dangerous reverse rotation of drive shafts against the direction of operation. Low-speed backstops in the FRHN series from RINGSPANN are specially designed for use in inclined conveyor belt systems, bucket elevators or pumps.
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