02.11.2023

Webuild: giant cutting head of TBM Stefania that excavated the M4 in Milan now at Museo Nazionale Scienza e Tecnologia

Exceptional overnight transport for TBM featured in Webuild Triennale exhibition  

02.11.2023

MIT-Engineers develop an efficient process to make fuel from carbon dioxide

The approach directly converts the greenhouse gas into formate, a solid fuel that can be stored indefinitely and could be used to heat homes or power industries.

The search is on worldwide to find ways to extract carbon dioxide from the air or from power plant exhaust and then make it into something useful.  

01.11.2023

Anglo American Board Changes - John Heasley new Finance Director

Following the announcement made on 27 July 2023, the Company announces that John Heasley will join Anglo American and its Executive Leadership Team ("ELT") as Finance Director, and as an executive director on the Board of Anglo American plc on 1 December 2023.  

01.11.2023

HYBRIT: LKAB will be responsible for the construction of the demonstration plant in Gällivare

LKAB and Hybrit Development AB have submitted a supplementary application to the Swedish Energy Agency for support for the next step in the development of the HYBRIT initiative. The supplement clarifies that LKAB is responsible for the construction of the planned demonstration plant and will be the main recipient of any state aid.  

Market-Place-4.0 Continental AG

01.11.2023

Continental: Acquisition of Vertech AB in Kiruna - further strengthens Industrial Business in Sweden

Continental further strengthens Industrial Business in Sweden: Acquisition of Vertech AB in Kiruna (credits: Continental)

• Conveyor and Maintenance Company Vertech AB will be integrated into Continental´s industrial solutions branch for Europe
• Kiruna will become Continental’s northernmost location with its important mining area

Continental has acquired the conveyor and maintenance company Vertech AB, based in Kiruna, Northern Sweden. Vertech AB is a leading service provider for the conveyor industry in the mining area of Sweden (Kiruna and Svappavaara) and Norway (Narvik). With this acquisition, Continental’s group sector ContiTech has made the next step to offer a fully comprehensive product, service and solution package to its industrial customers in Sweden and other countries in Northern Europe. The Vertech site in Kiruna will be Continental’s northernmost location.

“With a footprint in Kiruna we will not only significantly improve our local presence in the largest mining area in Europe, but we will further expand our product and service level to our industrial customers in this region. This acquisition is a milestone for us to support the commercial and industrial exploitation and use of rare earth after the discovery of these materials in this area.” said Song Qi, Head of Continental’s business area Industrial Solutions EMEA (Europe, Middle East and Africa) at ContiTech.

He continued: “The base of our future success in this region will be the excellent work of our employees. Therefore, I am very proud and happy that with the current staff of Vertech AB we get a well-rehearsed and highly motivated team on board that exactly knows what customers want in this challenging environment and that has been delivering high-quality results for years.”

The acquisition of Vertech AB is subject to approval by the relevant antitrust authorities. Buyer and seller have agreed not to disclose the purchase price.

Vertech AB, established in 2002, is a privately owned conveyor and maintenance company located in Kiruna, Northern Sweden with approximately 20 employees. The company holds the international ISO9001 and ISO14001 certification. Vertech AB provides a full range of services, products, and components such as belts, belt scrapers, wear rubber and other rubber products.

Continental’s industrial business in Europe aims at delivering customer tailored solutions for different industries such as mining, agriculture, automotive or construction & home. Beyond its comprehensive product portfolio, the goal is to respond to specific customer needs and to provide holistic and efficient solutions in the most environmentally friendly way possible – from plant design, production and installation to preventive maintenance and repair.

Source: Continental

#mergers and acquisitions #Sweden (SE) #Continental AG #Mining #surface mining, quarrying #underground mining #Conveyor technology #belt conveyer systems #predictive maintenance