Switzerland: Sika’s net sales grew by 7.6% year-on-year to Euro3.38bn in the first half of 2019 from Euro3.14bn in the same period in 2018. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 14.5% to Euro565m from Euro493m. The building chemicals producer noted that its takeover in the reporting period of Parex, a globally leading producer of facade mortar, technical mortar, tile adhesives, and waterproofing systems, was the largest acquisition in its history.
Bharat Heavy Electricals to install flue gas desulphurisation system at Nabinagar Thermal Power Project
India: Bharat Heavy Electricals (BHE) has been awarded the contract to supply emissions control systems, including a flue gas desulphurisation (FGD) system, at the Nabinagar Thermal Power Project. The project is a 4x250MW coal-fired power station being built by Bhartiya Rail Bijlee Company, a joint venture between NTPC and Indian Railways. BHE's scope of work includes design, engineering, civil works, supply, erection and commissioning of wet FGD system along with auxiliaries, including limestone and gypsum handling system and wet stack on a full engineering, procurement and construction basis.
Previously BHE installed a FGD system at Tata Power's Trombay Unit 8 in 2008. Including the latest order, BHE is presently executing FGD systems for 27 units of NTPC and its joint ventures.
Bureau of Land Management seeks comment on USG gypsum quarry expansion project in California
US: The Bureau of Land Management is seeking public comment on a proposed expansion of a USG gypsum quarry and associated water lines in Imperial County, California. USG wants to replace an existing water supply line to its Plaster City gypsum wallboard plant. The project will cost US$110m. The comment period will last until early September 2019.
Maud Thuaudet appointed Vice-President, Corporate Strategy of Saint-Gobain
France: Saint-Gobain has appointed Maud Thuaudet as Vice-President, Corporate Strategy with effect from 3 September 2019. She succeeds Julie Bonamy, who is appointed chief executive officer (CEO) Indonesia, Malaysia and Singapore. Thuaudet will report to Sreedhar N, Saint-Gobain’s chief financial officer (CFO) and will be a member of the group’s executive committee.
Thuaudet is currently Telecommunications Program Director at Thales Alenia Space, within the Thales Group, where she started her career in 2006. She was Project Manager for Thales International in India, Bid manager, then Business Development Manager for Thales Air System, before being appointed Merger and Acquisitions Manager for Thales Alenia Space. She is a graduate of École Polytechnique and a member of the Corps des Ponts et Chaussées. She also holds an MBA from the INSEAD business school.
