SMT Scharf AG receives major order for tunnel project in the Middle East
March 22, 2024 at 09:32 am EDT
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EQS-Ad-hoc: SMT Scharf AG / Key word(s): Incoming Orders
SMT Scharf AG receives major order for tunnel project in the Middle East
22-March-2024 / 14:30 CET/CEST
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SMT Scharf AG receives major order for tunnel project in the Middle East
Hamm, March 22, 2024 - SMT Scharf AG (WKN: A3DRAE; ISIN: DE000A3DRAE2) has received a major order from a new customer for an important infrastructure project in the Middle East. The contract concluded today comprises an order volume in the low double-digit million euro range. SMT Scharf will provide a total of six transport systems for rail-bound material and passenger transport for the construction of two approximately 4,350 meter long tunnels. The deliveries are to be made successively in 2025 and are expected to impact revenue and earnings in the coming year. With this major order, SMT Scharf is successfully driving forward the implementation of its corporate strategy, which envisages a transformation of the business into areas outside coal mining, including tunnel logistics.
22-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
SMT Scharf AG is a Germany-based company that manufactures rail-bound transport systems for personnel, equipment and material. Its product portfolio comprises Monorail transport systems, electric monorail transport systems (EMTS), floor-mounted rail systems, chairlift systems for mining personnel transport, cable handling systems and conveyors, as well as diesel-powered and battery-powered locomotives. The Company also provides equipment, such as cable and hose handling systems, shifting units, winches, shunting trolleys, control cabinets and pumps. It operates through subsidiaries in Germany, Poland, the Ukraine, Russia, South Africa and China, such as Sareco Engineering Pty Ltd and Hollybank Engineering Co Ltd, as well as Nowilan Gesellschaft fuer Antriebstechnik mbH, a provider of power train solutions, logistics solutions.
SMT SCHARF AG 
