Sandvik has decided to invest in a new production unit in Malaysia for manufacturing underground loaders and trucks. Equipment production is planned to begin in the fourth quarter of 2023 following factory upgrades and other site improvements. The investment is expected to total SEK 350 million over the coming three years.
Normet defines the future of underground transportation by launching the innovative Normet ElectroDynamic (ED) architecture and the XL ED platform
Normet is excited to announce the expansion of its product offering by introducing the XL platform together with the company’s latest technology innovation, the Normet ElectroDynamic® powertrain architecture, specifically designed to complement our new high-capacity platform and pave the way to the future of more sustainable underground operations.
Haver & Boecker Niagara adds the Cap & Slide and Pin & Anchor deck frame systems to its expanding line of lock-bolted deck frame technology. The new deck frames offer the availability of bolt-on convenience for pin and sleeve and groove style modular screen media. The innovative design of the lock-bolted deck frames was introduced at CONEXPO-CON/AGG 2023 and underscores Haver & Boecker Niagara’s ongoing commitment to being a total solutions provider for mining, aggregate and fertilizer processing operations by increasing efficiency and reducing operational expenses.
SMT Scharf GmbH
SMT Scharf AG reports significant revenue and earnings growth in 2022
- Consolidated revenue of EUR 93.7 million in FY 2022
- Operating profit (EBIT) improves by double-digit rate to EUR 14.3 million
SMT Scharf AG, one of the world’s leading suppliers of customised transport solutions and logistics systems for underground mining, achieved significant year-on-year revenue and earnings growth in the 2022 fiscal year, on the basis of preliminary results, and met its guidance. Consolidated revenue increased to EUR 93.7 million in 2022, thereby reaching the guidance level of more than EUR 92.0 million (2021: EUR 85.9 million). This represents significant year-on-year revenue growth of 9.1 %.
In addition, SMT Scharf achieved a consolidated operating profit (EBIT) of EUR 14.3 million in 2022 fiscal year, on the basis of preliminary results (2021: EUR 11.2 million). This marked year-on-year earnings growth of 27.7 % enabled SMT Scharf to meet its most recent EBIT guidance for 2022 of more than EUR 14.0 million.
Hans Joachim Theiss, CEO of SMT Scharf AG, comments: “In 2022, SMT Scharf’s business performed significantly better than originally expected, despite the great uncertainty and volatility in the market environment. Our strategic initiatives enabled us to expand our business in the international core markets. We continuously made great efforts to offset the constraints in international supply chains. In addition to the release of a provision, both strong demand in the new equipment business as well as growth in the traditionally high-margin after-sales business made a considerable contribution to the significant earnings growth we achieved.”
Source: SMT Scharf
Hatch, a global engineering, project management, and professional services firm, has won the Tunnelling Association of Canada's Project of the Year Award (up to C$100M) for its unique double arch replacement and rehabilitation of the Mount Royal Tunnel. The project was part of the Réseau express métropolitain (REM), a major public transit initiative that includes a new automated light metro network comprised of 26 stations connected by 67 km of track.
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