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Category: Building Construction

Chemelex Embarks on New Chapter as Independent Company, Appoints David Prystash as CEO

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HOUSTON–BUSINESS WIRE– Chemelex, a global leader in electric thermal and sensing solutions, today announces two significant milestones in its history: the completion of its separation from nVent and the appointment of David Prystash as Chief Executive Officer. Following the acquisition by Brookfield Asset Management’s private equity business, Chemelex is now operating as an independent entity, … Continued

Veris (ASX:VRS) acquisition of Spatial Vision to expand digital service offering

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The acquisition of Spatial Vision represents another important deliverable in Veris’ plans to continue pivoting towards the digital transformation needs of its expanding client base Key highlights: ▪ Veris to acquire Spatial Vision, a Melbourne-based provider of spatial solutions and GIS services ▪ The acquisition will significantly bolster and strengthen Veris’ existing digital solutions and advisory … Continued

All underground tunnel workers down tools on Snowy 2.0

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All underground work has completely stopped on Australia’s biggest renewable energy project over safety concerns after all workers downed tools on Tuesday night.   Tunnel boring machines have been turned off and all drill and blast works have ceased.   Workers are concerned some refuge chambers on the project, crucial for worker survival in the … Continued

Love is in the Air: The Empire State Building Celebrates Valentine’s Day with NYC’s Most Extravagant Date, Proposal Package, ‘Sleepless in Seattle’ Screening and Annual Tower Lighting

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NEW YORK–BUSINESS WIRE– Celebrate love at the “World’s Most Romantic Building.” The Empire State Building (ESB) today announced its romantic Valentine’s Day plans which include a themed movie screening, special proposal package, and New York City’s most unique date for one lucky couple this February. This press release features multimedia. View the full release here: … Continued

H1 FY25 Unaudited Trading Update

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Veris has delivered a significant rebound in key profitability measures over the six months ended 31 December 2024 (H1 FY25) period, with: Profit Before Tax (PBT) of $1.0m up 212% on the previous corresponding period (pcp)  The Group PBT margin of 2.1%, up 200% on the equivalent pcp figure  While unaudited revenue of $46.8m was down … Continued

Saudi Arabia to Host Regular World Economic Forum Global Meeting

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DAVOS, Switzerland–BUSINESS WIRE– The Kingdom of Saudi Arabia will host a regular high-level World Economic Forum (WEF) global meeting in Riyadh, with the first slated for the Spring of 2026, it was announced today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124077475/en/ Saudi Arabia to Host Regular World Economic Forum Global Meeting … Continued

Builders respond to long-awaited apprenticeship incentive system review

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24 January 2025 Peak building and construction industry body Master Builders Australia has welcomed the release of the long-awaited Review into the Australian Apprenticeship Incentive System.   The review recognises the challenges faced by employers to attract and retain apprentices, particularly for small and medium enterprises (SMEs).   The building and construction industry is made … Continued

Builders applaud apprenticeship incentive boost

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24 January 2025   The Albanese Government has today recognised the importance of addressing the chronic tradie shortage to be able to overcome Australia’s housing crisis.   From 1 July 2025, eligible apprentices in the residential construction sector will receive $10,000 in incentive payments, on top of their wages under a new Key Apprentices Program. The … Continued