- Group revenue registers significant increase to EUR 14.9 million
- Operating profit (EBIT) rises to EUR 1.6 million
- Acquisition of ser elektronik expands SMT Scharf's own competency portfolio
- Positive outlook for 2019 confirmed
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.
For the first time since the crisis years after 2013, there will be an increase in the turnover generated by the mining equipment manufacturers producing in Germany this year. VDMA expects an increase of 12 per cent to nearly EUR 3.1 billion in 2018, with further growth expected for the coming year.
Sika Peru has opened new headquarters in the metropolitan area of Lima and introduced a modern plant for the production of concrete admixtures, mortar products, and acrylic liquid applied membranes (LAM). With this new plant, Sika is tripling its production capacities and strengthening its market position in Peru.
Sika has acquired the global Concrete Fibers business from Propex Holding, LLC, which includes a US plant manufacturing synthetic fibers for use in concrete reinforcement, sales operations in Sika's three geographical regions, and a strong brand. The acquired business is a perfect addition to Sika's concrete systems for high value-added solutions required in the construction of high-rise buildings and demanding infrastructure projects. The acquired business generates annual sales of CHF 30 million.
Carey Smith named Chief Operating Officer
New data from the Australian Bureau of Statistics has shown the true scale of resources investment and the huge dollar value it has added to the Australian economy in the last 25 years.