June 30, 2017

Kingspan shares rise on strong trading

©PA Shares in Kingspan, the Irish building supplies group, rose 5 per cent on Monday after its strongest ever six-month trading period on the back of a recovery in European construction markets. Kingspan reported a 50 per cent increase in its interim trading profit to €167m, well ahead of analysts’

Read More »

New Replacements at ECS Engineering Services

ECS Engineering Services have been contacted in regards to the replacement of three Archimedes screw pumps which were operating at the Severn Trent Water’s Mansfield Sewage Treatment Works. NMCNomenca. ECS Engineering Services have been operating for more than 20 years to deliver high standard engineering solutions. The company focuses on

Read More »

New Homes Release For Sale on the 29th Of July

The latest selection of new homes that are a part of the Royal Wharf development will be released for sale on the 29th of July. Ballymore & Oxley will be releasing the homes for sale next month as the new neighbourhood near London’s Royal Docks makes further steps towards completion.

Read More »

Millionaire Sean Mulryan Funding a Development in London

The millionaire Sean Mulryan is funding a development in the centre of London which is being colloquially called Mini Manhattan. The mixed residential and commercial development is taking place in the Canning Town area of London City Island and eventually the development will be home to the London Film School

Read More »
Latest Issue
Issue 323 : Dec 2024

June 30, 2017

Kingspan shares rise on strong trading

©PA Shares in Kingspan, the Irish building supplies group, rose 5 per cent on Monday after its strongest ever six-month trading period on the back of a recovery in European construction markets. Kingspan reported a 50 per cent increase in its interim trading profit to €167m, well ahead of analysts’ expectations, prompting the company to revise upwards its estimates of full-year performance. Pre-tax profit rose 54 per cent to €154.8m in the first half of the year. More On this topic IN Construction Kingspan, a global producer of insulation products from its base in the small town of Kingscourt in County Cavan, said revenue rose a fifth in the six months to the end of June to €1.47bn. The rise was helped by acquisitions — the group has spent just over €200m so far this year on buying companies in niche areas of the construction market — but was mainly boosted by strong sales growth, particularly in Europe, where Kingspan has focused its activities. “It is clear the strength of the first-half performance suggests that our full-year forecast is far too light,” said Davy stockbrokers in a note to investors. Kingspan’s interim dividend was raised by a quarter. Gene Murtagh, chief executive, said Kingspan was developing plans to help further grow its business. The company has created a new division focused on materials that filter daylight into buildings following its purchase last month of Essmann, the leading supplier in Germany of products that specialise in “daylighting”, as the filtering technology is known. Mr Murtagh said Kingspan was also planning to expand the business into the US. “It’s an opportunity to create a global branded Kingspan business in its own right — it’s a very fragmented business worldwide,” he told the Financial Times. Mr Murtagh said the creation of a substantial light and air business would take at least five years, but he estimated it would eventually account for between 8 and 10 per cent of the group’s revenue. Mr Murtagh has been at the helm of Kingspan, which has a market capitalisation of €4.3bn, since 2005. The company was founded by his father; the Murtagh family and management own about 20 per cent of the group’s shares. “We’re the only supplier worldwide of our product range, so we don’t have competitors globally,” he said. “We’re disrupters — our role is to disrupt the traditional methods of construction and construction materials. Concrete and metal and tiles — they are our competition.” He also said that while the group is focused on northern Europe and building a greater presence in the US, it was also turning its attention to Asia given the size of the population, high building demand, and investment in manufacturing facilities. Copyright The Financial Times Limited 2016. You may share using our article tools. Please don’t cut articles from FT.com and redistribute by email or post to the web. Source link

Read More »

New Replacements at ECS Engineering Services

ECS Engineering Services have been contacted in regards to the replacement of three Archimedes screw pumps which were operating at the Severn Trent Water’s Mansfield Sewage Treatment Works. NMCNomenca. ECS Engineering Services have been operating for more than 20 years to deliver high standard engineering solutions. The company focuses on tailor made designs as well as projects that are connected to water, energy and environmental processing and managing. There specialisms made them an ideal candidate for the work that was required in the Mansfield Sewage Treatment Works. The Treatment facility is located near to the River Maun and operates in order to process most of the effluent water that is discarded from farms and homes that are in the surrounding area. The three screw pumps that needed replacing from the inlet station of the facility had been working non stop since the 1970s. The data monitoring the pumps however showed that they were experiencing a drop in efficiency caused by the long term wear and tear of the work being carried out. Each of the pumps needed to be replaced one at a time. Working this way took longer but the plan made sure that the Mansfield facility could continue to operate during the scheme of works. The pumps were found to be beyond any hope to refurbish, and so needed to be replaced completely. The Tier 1 contractor for Severn Trent Water, NMCNomenca, made this decision then looked to contact ECS for their specialist assistance. ECS thought that the work to replace the 13.5 meter long pump would take 8 weeks, with the original pumps removed by crane then recycled before the new pumps were installed. The pumps then needed to be re-screeded by hand in order to make sure that the space was at the optimum for efficiency. ECS have also offered a comprehensive maintenance plan that will support the new installations and protect them in the future in order to maintain the efficiency of the pumps for a good many years to come.

Read More »

New Homes Release For Sale on the 29th Of July

The latest selection of new homes that are a part of the Royal Wharf development will be released for sale on the 29th of July. Ballymore & Oxley will be releasing the homes for sale next month as the new neighbourhood near London’s Royal Docks makes further steps towards completion. The new homes that are being released include a mixture of two, three and four bedroomed homes in the form of duplex apartments. These homes have been created within the mansion style compass House. There are also apartments being released for sale that are located in the Latitude Building which is a popular Building that has a great view of the Thames. On the 29th of July there will be a four bedroomed duplex opened as a show apartment which has the interiors designed by Milc Style. This show home will be in Endeavour House, which is one of the buildings involved in the development that has been completed. The first building as a part of the Royal Wharf residential units were completed last year. The sites that are being released for sale on the 29th of July are expected to be completed this year. Some of those homes are thought to be ready for occupation by the end of the summer. The homes that are being released are thought to appeal to young families that are wanting to live close to London while still wanting more space. The Royal Wharf Development will lead to the creation of a brand new community in in London connected by a network of new streets that are also connected to squares and gardens. Sovereign Place is the high street of the development and will act as a focal point that has been inspired in design by Georgian Architecture. In Sovereign Place there will be a variety of independent shops, restaurants, bars and cafés.    

Read More »

Marshall Group and Hill agree joint venture to bring hundreds of new homes to Cambridge

Two of Cambridge’s leading family-owned businesses, Marshall Group Properties, part of the Marshall Group – one of the largest private employers in Cambridge, and Hill, the award-winning top 15 UK housebuilder, have announced a strategic 50:50 joint venture agreement that will see them deliver 450 new homes in Cambridge. The new development, Wing, will sit on a 160 acre parcel of land owned by the Marshall Group and is the business’ first major residential development project. With a masterplan that allows for a total of 1,300 new homes, the first phase of the development will be delivered by Hill and when complete, will comprise 315 private homes and 135 affordable homes – including shared ownership and affordable rent tenures. Designed by the award winning team at Pollard Thomas Edwards architects, this first phase will offer a range of properties including 1, 2 and 3 bedroom apartments and 2, 3, 4 and 5 bedroom houses. It will also be home to a wide-range of facilities to support the new community including a new primary school, sports pitches, allotments and retail and commercial space. New transport infrastructure will also be delivered as part of the new homes development and nearby Newmarket Road will be upgraded. Andy Hill, Chief Executive of Hill, comments: “We have established firm roots in Cambridge and have long been committed to delivering more homes to this great city as it continues to thrive and grow. Having developed over 1000 homes in Cambridge over the last 5 years alone, we take great pride in being able to provide a variety of homes for a range of people. We are therefore thrilled to be partnering with Marshall on this development and hope that it marks the start of a successful long-term relationship between two like-minded family firms committed to making Cambridge one of the best cities to live in the UK.” Robert Marshall, Chief Executive of Marshall of Cambridge comments: “We are delighted to be partnering with Hill for the first phase of the Wing development.  Both Marshall and Hill are well aligned in respect of values, ethics and focussing on delivering excellent customer service. Together, we look forward to delivering an outstanding community on Cambridge’s eastern perimeter.” The site is well connected with the new Cambridge North Station just 1¼ miles away and regular buses to the city centre from the nearby park and ride car park. Sales are expected to launch at Wing in late 2019, with the first homes expected to be complete in the summer of 2020.

Read More »

MAKITA ’S NEW 10.8V BL ROTARY HAMMER CXT IS A ‘MIGHTY MINI’ – BIG POWER, SMALL SIZE

16mm in concrete with 4,800 impacts per minute from 1.1 joules SDS-PLUS with one-touch sliding chuck Weighs just 2.0kg including 4.0Ah Lithium-Ion battery Makita is expanding the increasingly popular 10.8v range of power tools where the superb machine power performance is coupled with the compact physical size of the machines. This valuable combination of power and features, integrated into the smallest possible machine profile, makes this range attractive to any professional tradesman working in confined spaces or for prolonged periods of use where a full size machine would prove cumbersome. The new Makita HR166D 10.8v BL rotary hammer drill, which features the sophisticated Makita Brushless motor technology, has the appearance and features of its 18v ‘big brother’ version but is a third smaller in overall dimensions.  This new rotary hammer will run up to 680rpm and generate up to 4,800 impacts per minute.  With 1.1 joules of energy the new HR166D will punch a 16mm hole into concrete; 13mm in wood and 10mm in steel. The overall body design delivers excellent machine balance with the Brushless motor and driveline positioned directly above the battery, with the rear anti-vibration handle and side-handle providing ideal working control of this powerful but tiny machine. Weighing just 2.0kg with a 4.0Ah battery fitted, this compact and lightweight machine has electric brake, variable speed trigger and a constant speed control, and LED job light. The SDS-PLUS chuck features the proven Makita one-touch sliding operation.  It has two operating modes selected by the rotary switch on the body. It can operate in rotary-only mode for drilling wood or metal and rotary hammer mode bringing the powerful hammer action into play. This ‘mighty mini’ 10.8v BL rotary hammer CXT will quickly become a popular selection for compact power together with Makita’s proven and robust reliability. It is supplied complete with two 4.0Ah batteries and charger in a Makpac case, or as a body only unit for those operators with adequate numbers of 10.8v batteries. Two angle drive tools have also been added to the 10.8v range. The new Makita TL064D Angle Impact Driver CXT runs up to 2,000rpm and can deliver up to 3,000 impacts per minute and generates a powerful 60Nm maximum tightening torque. Weighing just 1.6kg this useful impact driver will drive home an M12 bolt, M8 machine screw, HT bolt and 75mm coarse thread screw. The slimline body with soft-grip handle can accommodate the drive head fitted at 12 different positions for convenient use. The new Makita TL065D 10.8v Angle Impact Wrench CXT with 3/8” square drive will drive an M12 and M8 high tensile bolt. Both machines have aluminium drive heads with phosphorescent protection ring, variable speed trigger, electric brake and forward/reverse selection. Where access is restricted these compact and slim angle tools will prove ideal for many applications. For more news and product information about Makita UK please visit www.makitauk.com.  Follow us on Twitter @MakitaUK, Facebook.com/makitauk and google.com/+makitauk

Read More »

Seymour Civil Engineering Has Spoken About How Important it is About Apprenticeships

The civil engineering contractor Seymour Civil Engineering has spoken about how important it is that apprenticeship providers work in order to tackle the increasing shortage of skilled workers. The North East based company has said that companies that offer apprenticeships need to make sure that they are working to reduce the demand for skilled workers in order to support the industry into the future. Engineering UK published research that had been carried out in to the shortage of workers at the  minute and has found that companies would need to recruit a total of 56,000 engineers each year, every year, until 2022 in order to cut the shortage that is apparent in the sector. At the moment, the data shows that there is a shortfall of around 28,000 apprentices each year. Another study has been carried out by Adecco which has shown that a quarter of the employees in the UK that contribute towards the apprenticeship levy don’t actually take on and train any apprentices. Therefore those that contribute to the levy could help to support the industry and reduce the demand for skilled workers that is getting worse by offering apprenticeship places. Seymour Civil Engineering has looked at all of the information available and feels that the training of apprentices is vital for the future of the sector and the wider construction industry as a whole. Therefore the business will continue to take on apprentices. The Civil Engineering company has seen great results from the apprenticeship scheme they have in place in the industry as well as the wider community. The business also believes that working with local colleges and training boards is essential to educate students about the different areas and career options open to them. Apprenticeships also help those going through the training, giving them actual work experience instead of theoretical knowledge. This allows them to make more informed decisions about what area they would be interested in starting a career in as well as building connections with businesses and getting hands on experience.

Read More »

SES Engineering Services Announced That They Have Appointed a New Managing Director

SES Engineering Services has announced that they have appointed a new Managing Director with immediate effect. The leading national engineering company have revealed that they have appointed Jason Knights for this position after the departure of the former Managing Director Andy Wall. The position has become available as Andy announced that he was moving on and seeking new challenges. Andy managed to oversee the successful restructuring of the business and also made sure that the SES business has a continuing growth strategy while pushing for efficient operation and profitability throughout the company. Jason Knights the new Managing Director has been appointed internally. Jason joined the Wates Group in 2010 and his appointment to Managing Director is a direct reflection for the hard work that he has into expanding the Group’s internal M&E business, Wates Building Services. It is thought that in his new role Jason will be working to push forward the SES Engineering Services’ growth strategy. Also as a part of his new role at SES, Jason will be the first M&E specialist in the UK to achieve the BRE BIM Level 2 accreditation. This is a great accolade for Jason Knights his past experience will also be a great asset to the SES business. As a Managing Director, Jason will be watching over future development of SES’ innovative Prism offsite manufacturing business. The internal appointment of a new Managing Director is great news for the Building Services business. SES works to provide technical solutions for clients who operate in the built environment including design, manufacture and installation of building services. SES has been operating for more than 50 years and has recently developed an off site manufacturing facility, Prism which will provide an alternative to more labour intensive on site production. SES is a part of the Wates Group and employs more than 650 expert people.

Read More »

Millionaire Sean Mulryan Funding a Development in London

The millionaire Sean Mulryan is funding a development in the centre of London which is being colloquially called Mini Manhattan. The mixed residential and commercial development is taking place in the Canning Town area of London City Island and eventually the development will be home to the London Film School and the English National Ballet. Hueck, one of the largest suppliers of aluminium windows doors and façade manufacturers and suppliers in Europe has been selected to work on the project. The company has already supplied the profile for the majority windows and doors of the 1,700 residential units. The construction of the residential towers is taking place in a factory in Holland before being shipped to the UK to be installed. It is thought that prefabrication is the fastest and most cost effective building method, with the Managing Director of Hueck, Leon Friend suggesting that this method of construction is going to be used increasingly in the future, especially when the construction work is taking place in a city centre location where access is challenging. Leon feels that the lack of space the city and the lorry load and emissions restriction being put into place is making more and more development teams look to prefabrication methods in order to create high standard buildings for less money.   Hueck are delighted to have their products used in the development on 12 acre island. The location is 20 minutes away from the centre of London and it is thought that the luxurious and modern project will be appealing to the creative elite and young professionals living and working in the city. Hueck UK will be supplying the brightly coloured residential buildings floor to ceiling windows that will give the inhabitant glorious views of the city. The manufacturer and supplier are sure their hight quality products will effortlessly compliment the residential space inspired by the colourful apartment blocks often found in Manhattan and Chicago.

Read More »