DSI Underground completes Technology Acquisition for global Soft Rock Markets
DYWIDAG-Systems International (DSI) is pleased to announce the acquisition of patent pending surface control technology from Three Rivers Packaging Inc. in the USA. Three Rivers marketed and manufactured the Mine+Safe Rock Shield primarily for the USA Coal industry. DSI now holds the manufacturing assets and intellectual property for this popular secondary ground support product.
“Although this product is widely used in the USA, it is the intention of DSI to use its global footprint to manufacture, market and sell this product line in all regions of the world”, stated Alan Henderson, RCEO Underground Americas. Mr. Henderson also stated: “Mine+Safe surface control technology shows DSI commitment to bring high quality, technologically superior products to its global soft rock mining customers”.
Patrik Nolåker, Group CEO, commented: “This acquisition is in line with our strategy to broaden our product offering to the mining industry. We continue to actively invest in interesting technologies which can improve safety and productivity”.
DSI South Africa Announces Compliance with the Mining Charter
DSI South Africa (DSI SA) is pleased to announce that it has restructured the company to achieve compliance with the Mining Charter, and that it has received its certification.
Gwen Mahuma has acquired a minority stake in DSI SA and has agreed to join the Board of the company.
This is an important step forward in the development of the company and recognizes the importance attached by all shareholders and directors to black economic empowerment.
The Chairman of DSI SA, Nick Moses, commented: "We are very pleased to have completed this restructuring program. We have taken some time to find the right business partner, and are now delighted to welcome Gwen to the company. We look forward to her contribution to the future success of the business."
Patrik Nolåker, DSI Group CEO, commented: "This is an important milestone in the development of our joint venture in South Africa. We remain optimistic and committed to the long term future of mining in South Africa and the region."
Statement from DYWIDAG-Systems International (“The DSI Group”) concerning DSI South Africa
In South Africa, the DSI Group participates in a 50/50 joint venture, DYWIDAG-Systems International (Pty) Limited (“DSI SA”).
The DSI Group is aware of the decision of the South African Competition Tribunal announced on 19 September to fine DSI SA R1.8m (€167,000) for limited breaches of Competition Law in South Africa which took place up to 2008. The Tribunal also dismissed various other allegations which had been made against DSI SA. DSI SA accepts the fine and will not be appealing the decision.
Patrik Nolåker, CEO of the DSI Group commented: “We are pleased to put this historic issue behind us. DSI SA co-operated fully with the South African Authorities during their investigation. The DSI Group has a clear ethics policy and is committed to operate in accordance with high moral and ethical standards and to comply with the laws in each country in which the Group operates. The Boards of directors and management of all our subsidiary, associated and joint venture companies (including DSI SA) are aware of our policies and expected standards and are fully supportive of our strong position in this area.”
About DSI
The DSI Group has over 2.200 employees worldwide with operations across Europe, Asia-Pacific and the Americas.
DSI is the world’s leading systems supplier in the fields of civil engineering and underground construction. Their products and services are mainly used in infrastructure projects, for instance for bridges or slope stabilization as well as in mining roof support and tunnel construction.