Last month, U.S. Senator Susan Collins announced a $7.89 Million grant for a project to improve rail infrastructure in Northeastern Maine. NBM Rail Services has been awarded the contract to repair and upgrade 22 rail bridges on the Madawaska Subdivision of the Maine Northern Railway. Fourteen bridges will require minor repairs, three bridges require superstructure replacements, and one bridge will be replaced completely. The funding, through the FASTLANE grant program, will help create jobs, improve competitiveness and provide an economic boost for the State of Maine. Following project completion, the 151-mile section will be capable of carrying 286,000 pounds of rail car weight. “This major rail link is used daily by manufacturers and customers across our state, and these improvements will significantly increase capacity and efficiency throughout the corridor,” said Senator Collins, Chairman of the Senate Appropriations Subcommittee. Click Read More below for additional detail.
International technology Group ANDRITZ has signed a contract for the acquisition of Novimpianti Drying Technology S.r.l., a company owned by Novigroup S.r.l. and based in Lucca, Italy. Novimpianti has approximately 40 employees and generates annual sales of approximately 10 million euros.
Novimpianti is a global supplier of engineered equipment and services for air and energy systems to the paper industry’s leading manufacturers. For ANDRITZ, the acquisition of Novimpianti further strengthens its product offerings in the field of air and energy systems, mainly for tissue and paperboard machines. “We are very excited about this complementary acquisition that extends the ANDRITZ market coverage and product range in Tissue and Paper,” says Michael Pichler, SVP and ANDRITZ Global Paper and Tissue Division Manager.
Novimpianti’s CEO, Pietro Saccomano, comments: “The ambitions of ANDRITZ to further grow in the tissue and paper business and their international position were decisive for the decision to hand over our company and know-how to them. The sale of Novimpianti will grant ANDRITZ continuous growth in the area of air and energy systems based on the solid foundation we have built during the past decades.”