Within Fives, the Cement | Minerals Business Line recently set up a new operational entity in the Middle East to support customers with services and technical assistance.
Based in Dubai, U.A.E, and referring to the Services Department, this entity aims at supporting Fives' customers through a local presence and a complete offer of services: upgrade and revamping projects, technical assistance, supply of spare parts, on-site machining, etc.
Thus, Fives will provide customers with comprehensive solutions and efficient services to empower their plant while reducing operational costs.
A US effort to enlist Europe in its pressure campaign against Iran faced a setback after officials said ministers from several European Union members and EU foreign policy chief Federica Mogherini will skip a summit organized by Washington on Iran and the Middle East in Poland.
As part of its project to increase the production of electric vehicles in Europe, the car manufacturer Mercedes-Benz Cars has awarded Fives a contract to supply fluid filling machines at its Hambach plant in France.
Hudbay Minerals’ (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner’s chief executive officer and overhaul its board.
SteelMint learned in recent conversation with market participants that local steel prices in Pakistan have stabilized now. Imported scrap prices have edged down in minor trades reported. Buyers seem interested however stand in 'wait and watch' mode in order to have more clarity on global scrap prices with anticipation of further correction in the near term.
Fives, a global industrial engineering group, was awarded a contract by Steel Dynamics, Inc (SDI), one of the largest steel producers in the United States. This is the second SDI contract awarded to Fives in 2018.
Murchison Minerals (TSXV: MUR) Minerals announced Thursday that it has doubled the size of the previously announced VTEM airborne survey and tripled its mineral land holdings at its 100% owned zinc/copper/silver Brabant VMS project in central Saskatchewan.