News in Brief: October 2018
Steelwork contractor William Hare has reported a 10% sales rise to £158M for the year ending 31 December 2017. The company also revealed a turnover of £204.4M (2016: £217.8M) and earnings before interest, tax, depreciation and amortisation (EBITDA) of £7M for the year, which represents an EBITDA/turnover margin of 3.5%.
Cleveland Bridge has reported turnover of more than £50M for its financial year ending 31 December 2017 – an increase of more than £6M (12%) on the previous year. The company said the results mark its third successive profitable year, reflecting its continued success in delivering widespread improvements across the business along with sustained growth.
One year after the devastating Grenfell Tower fire, the steel sector has played its part in the BBC’s DIY SOS: The Big Build project to rebuild a community hub and boxing club which were both destroyed in the blaze. Tata Steel donated structural floor, roof and wall systems as well as technical expertise, while specialist metal decking contractor Composite Profiles supplied the on-site installation expertise.
Trimble Solutions has announced that the latest versions of Tekla Structures, Tekla Structural Designer and Tekla Tedds are now available for download. The 2018i version updates are said to offer users new features and enhancements that increase efficiency, improve workflows and provide better documentation and a more fluid working experience.
Developer and Asset Manager, MEPC has appointed Wates Construction as building contractor for 4 Wellington Place, the latest phase on the fast-expanding Leeds city centre development. The building will provide 14,000m² of grade A, BREAAM ‘Excellent’ office accommodation, including up to 1,600m² of ground floor retail and leisure space.
Main contractor Interserve has been appointed to carry out work on the new steel composite Princes Quay Bridge in Hull’s city centre waterfront.