tunnelling-journal (1)
tunnelling-journal (1)
  • Home
  • Print
    • Subscribe
    • Tunnelling Journal
    • Breakthrough
    • ITA Activity Report
    • A&NZ Journal
    • WTC Preview
    • Media Kit
  • Digital
    • Newsletter
    • E-Shots
    • TJ Digital edition
    • Products Page
    • Media Kit
  • Conferences
    • BTS Conference and Exhibition
    • Cutting Edge 2023
  • Buyer’s Guide
  • Events Diary
  • Jobs
  • About Us
  • Contact Us
  • Podcast

Home > Jennmar and DSI reach agreements

Jennmar and DSI reach agreements

Tris Thomas

Written by Tris Thomas on 10/02/2016 in News

Tagged:

Frank Calandra, Inc. (JENNMAR) is pleased to announce that it has entered into five separate agreements with DYWIDAG Systems International (DSI). The agreements are:

Acquisition of DSI’s US Mining Division Strengthens JENNMAR’s Domestic Capabilities

• JENNMAR will acquire 100% of DSI Mining’s manufacturing assets in the United States. DSI’s entire mining division will be integrated into JENNMAR USA. Closing of the transaction is expected within 30 days.

JENNMAR’s Executive Vice President, Tony Calandra commented, “DSI’s strong presence in western US hard rock mining will further strengthen JENNMAR’s position in this segment of the market. On the other side, its activities in coal mining will complement our existing strong footprint and close some gaps in our offering.”

Divestiture of Global Operations; JENNMAR Europe, JENNMAR Latin America, and JENNMAR Australia

  • DSI will be acquiring JENNMAR Latin America (Mexico, Chile, and Peru). Closing of the transaction is expected within 30 days.
  • DSI will also be acquiring JENNMAR’s companies in Europe (JENNMAR Spain, JENNMAR Multitex in the Czech Republic, JENNMAR Merol in Poland). Closing of the transaction is expected within 30 days.
  • In addition, DSI will be acquiring JENNMAR Australia. The date of close is subject to review by the Australian Competition Commission. 
Patrik Nolåker, Group CEO of DSI, commented on the transaction; “Soft commodity prices and supply/demand imbalances represent important challenges to our customers in mining. Through this acquisition DSI will combine the strengths of two well established market players, which will allow it to provide its customers a superior offering, both from an efficiency and a product & service portfolio perspective.” Establishment of Another ROCBOLT Joint Venture in China

• FCI will also be selling a 50% stake in its Chinese subsidiary JENNMAR Asia (Jining) creating another ROCBOLT Technologies joint venture between JENNMAR and DSI. This latest combination will do business as ROCBOLT Technologies (China) and joins two other successful joint ventures between JENNMAR and DSI, ROCBOLT Technologies (South Africa) and ROCBOLT Resins (Australia).

Calandra and Nolåker both explain that they are, “enthusiastic about the establishment of a third ROCBOLT joint venture in China to complement the two established ventures in Australia and South Africa.”

Comments:

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Digital Edition

More Like This

22/05/2023

Snowy 2.0 TBM Kirsten breaks through on ECVT

Snowy 2.0 TBM Kirsten breaks through on ECVT

New South Wales’ Snowy 2.0 pumped-hydro mega project has achieved another important construction milestone, with a second tunnel excavation completed…

13/07/2023

Jinghua breaks through on Beijing Expressway

Jinghua breaks through on Beijing Expressway

June 28th saw the Beijing East Sixth Ring Road Reconstruction Project slurry TBM “Jinghua” successfully breakthrough on the project’s west…

06/07/2023

New York Gateway Tunnel Project set for $6.88bn grant

New York Gateway Tunnel Project set for $6.88bn grant

The Biden-Harris Administration is taking a critical step forward on one of the largest infrastructure projects in American history: the…

  • Contact Us
  • Media Kit
  • Magazine Archive

Newsletter

The latest from the Tunneling Journal direct to your inbox.

Social



Enquiries

TGS Media Ltd
The Old Library
Webster House
Dudley Road
Tunbridge Wells
TN1 1LE
United Kingdom

© Tunnelling Journal. All Rights Reserved. Privacy Policy / Terms & Conditions. Admin

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkRead more