Against the general trend, German mining equipment manufacturers expect a record year for the current year. The VDMA expects sales to rise by 38 percent to around 5 billion euros. In 2020, revenues should at least be maintained.
Salini Impregilo is ready to expand further in the United States, its biggest market by revenue, with a new commercial strategy. With an order backlog at the end of June exceeding $4 billion and new orders totalling more than $800 million including contracts that are new or in the process of being finalised, as well as best offers, the Group aims to increase its market share with new projects in the transport, water and tunnelling sectors.
Sika is starting operations at a plant in Doha, Qatar, for the production of concrete admixtures. The country on the east coast of the Arabian peninsula is an attractive market thanks to large-scale infrastructure investment and a number of mega projects, both ongoing and planned.
Normet posted a very strong fiscal year 2018. Turnover grew by 21% to 315 Million Euro and earnings before depreciations and amortizations (EBITDA) reached 38 Million Euros almost doubling from 2017.
Sika is developing its mortar plant in Alexandria, Egypt, and investing in additional production lines. This expansion will bring its capacities into line with the rising demand from the booming construction market. Egypt has one of the largest populations of all the countries in the region, with some 100 million inhabitants and a thriving construction industry.
Sika is expanding production capacity in Senegal, West Africa, by opening a mortar production facility at its existing factory in Dakar. The plant will initially manufacture tile adhesives, grouts, concrete repair and waterproofing mortars and at a later stage cementitious flooring solutions.
Normet’s board of directors has nominated Aaro Cantell as the interim CEO starting April 1st, 2019.
Greg Hallett has been appointed Senior Vice President, Sales Area North America. He will start in his new role March 1st, 2019. Greg is currently heading Sales Unit USA and will continue to be responsible for that role as well.
The Queensland Resources Council (QRC) is urging jobseekers on the hunt for a new career in 2019 to consider the lucrative options in the resources sector.
Sika has agreed to acquire Arcon Membrane Srl, a leading manufacturer of roofing and waterproofing systems in Romania. By acquiring Arcon, Sika will significantly strengthen its position in the Romanian market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets. The acquired business generates annual sales of CHF 23 million. The transaction is subject to approval by the Romanian anti-trust authority.
Anglo American plc announces the receipt of regulatory approval relating to the Step 3 licence area of the Minas-Rio operation in Brazil.
Sika has opened a new production plant in Central America, located in Palin in the metropolitan area of Guatemala City. This move further expands the company's market position in the emerging countries of the region. The portfolio of locally manufactured products includes concrete admixtures, mortars, and liquid applied membranes, which will be used to supply the neighboring countries of Honduras and El Salvador as well as the domestic market.
Lane of Salini Impregilo Group has won two highway contracts in North Carolina worth a combined $460 million as the Group continues to affirm its expertise and expand its presence in the United States, its single biggest market by revenues.
Renewed confidence in the resources sector is translating into an increase in exploration investment across all commodities, with the coal industry enjoying the biggest surge, a new report from the Queensland Exploration Council (QEC) has found.