Cabo gets Mexico drilling contract
Heath & Sherwood Drilling, a subsidiary of
The Kirkland, Ont.-based contractor will provide drilling expertise, equipment and qualified workers to Empresa Contratista Jomargo, a Mexican company with experience in developing mining projects.
Situated 90 km west of Guadalajara, Santo Domingo is jointly owned by
The $1.5-million drilling program will attempt to confirm the depth of the La Rayas zone, as well as determine its grade and size. The program will also evaluate the Guadalupe zone.
Cabo is a drilling services and mineral exploration company headquartered in Vancouver. Besides Heath & Sherwood, subsidiaries include Petro Drilling of Springdale, Nfld., and Stratacan of St. Julie, Que.
Atlas Copco to buy breaker maker
Swedish-based Atlas Copco will buy Lifton Breaker of Denmark, a manufacturer of hydraulic breaker demolition equipment for mining and other industries. The purchase price was not disclosed.
Lifton has facilities in Aalborg, Denmark, and Rousse, Bulgaria. In 2003, the company generated US$8 million in revenue and employed 140 people.
Included in the acquisition are the rights to the Lifton brand. Lifton also has sales people and distributors in several countries.
Subject to regulatory approvals, Lifton would become part of the Atlas Copco Construction Tools division in the Construction and Mining Technique business unit.
“The acquisition expands our product range in the handheld sector,” says Bjorn Rosengren, an executive with Atlas Copco Construction & Mining Technique. “Lifton is a company with a strong market presence and a wide range of high-quality, mainly handheld hydraulic tools.”
Atlas Copco produces and markets mining equipment, industrial tools, and assembly systems. The company employs 26,000 people and generates about US$6.5 billion in revenue per year.
Pump supplier turns 50
ITT Flygt Canada, an inventor of submersible pumps and mixers, is celebrating 50 years of service to Canadian mining and other industrial sectors north of the border.
In 1955, Flygt started doing business here by establishing itself in Vancouver. Distributors were soon established in Calgary, Winnipeg, Toronto and Montreal. In 1962, Flygt decided to attempt direct sales and opened its first branch in Quebec City. The company later transferred its headquarters to Montreal.
Flygt Canada currently operates 15 offices throughout the country, and has 24 distributors.
Flygt offers submersible pumps for water and wastewater and submersible mixers for process and treatment plants, as well as control systems. The company services all of its equipment.
ITT Flygt employs 185 people and is a division of ITT Fluid Technologies, a subsidiary of ITT Industries, based in New York, N.Y.
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