Latest news with #scaffolding
CTV News
6 days ago
- General
- CTV News
Three people seriously injured after scaffolding collapses near The Beaches: Toronto paramedics
A Toronto Paramedic Services ambulance is seen in this undated photo. (Simon Sheehan/CP24) Toronto paramedics say three people were seriously injured after scaffolding collapsed near The Beaches Monday afternoon. Emergency crews responded to the area of Queen Street and Victoria Park Avenue just before 1:45 p.m., Toronto police said in an email CP24. There, first responders found three males with serious, but non-life-threatening injuries, Toronto Paramedics Services told CP24. All three are being rushed to a trauma centre. No other details have been released. This is a developing story. More details to come.
Yahoo
6 days ago
- Business
- Yahoo
Technocraft Industries (India) Ltd (BOM:532804) Q4 2025 Earnings Call Highlights: Strong ...
Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Technocraft Industries (India) Ltd (BOM:532804) reported exceptional margins in the drum closure division, with growth across all geographies including the US, Europe, and China. The scaffolding segment is performing well despite a 25% tariff in the US, as the company successfully passes costs to customers and benefits from higher tariffs on Chinese competitors. The Mac one division is experiencing strong demand, particularly in affordable and mid-income housing, with a healthy order book and plans to expand exports. The engineering and design services segment is seeing robust demand due to a shortage of engineering labor in the US and Europe, with a focus on mid-sized companies and new verticals. The company is expanding its scaffolding distribution in Europe and India, with approvals in place and a leadership team established in Poland. The drum closure division's exceptional margins are not expected to be sustainable every quarter, with future growth projected at mid-single digits. The textile and yarn division faced increased losses due to heavy depreciation and labor shortages, with sales only reaching 60% of target. The steel formwork business is not scalable and is expected to be ramped down in the next 2-3 years. The engineering and design services segment saw lower profitability this year due to investments, with margins dropping to 14% from previous levels of 20%. The defense segment is progressing slowly, with no significant developments to report in the current presentation. Warning! GuruFocus has detected 2 Warning Sign with BOM:524332. Q: Can you explain the exceptional margins in the drum closure division and the geographical contributions to this growth? A: The growth in the drum closure division was due to strong sales across all geographies, including the US, Europe, China, and others. This widespread demand led to increased revenue and profitability. However, such exceptional results are not expected every quarter, as the baseline margin is typically around 30%, with occasional peaks like the 39% seen this quarter. (Respondent: Unidentified_3, Director and CEO) Q: How are the tariffs affecting your scaffolding business in the US? A: The 25% tariffs on scaffolding in the US have not impacted us significantly as we have been able to pass these costs onto customers. Our main competition is from China, where tariffs are much higher at 70%, giving us a competitive advantage. (Respondent: Unidentified_3, Director and CEO) Q: What is the current status and future outlook for the Mac one division, especially in the context of real estate trends? A: Mac one is primarily focused on the domestic Indian market, particularly in affordable and mid-income housing, which continues to see strong demand. We are also exploring export opportunities in Saudi Arabia, South America, and the US. The Aurangabad facility is expected to be fully operational by September, enhancing our supply capabilities. (Respondent: Unidentified_3, Director and CEO) Q: Could you provide insights into the engineering and design services segment, particularly regarding client demographics and project types? A: Our engineering and design services are entirely export-oriented, serving sectors like transportation, industrial machinery, and plant engineering. We have about 85 active clients, primarily mid-sized companies, and all projects are time and material-based, providing long-term contract visibility. (Respondent: Unidentified_3, Director and CEO) Q: What is the impact of tariffs on the drum closure division, and how do you foresee this affecting future performance? A: Currently, there is no impact from tariffs on the drum closure division as the tariffs have not yet come into effect. We anticipate a growth rate of 5-6% next year, with potential disturbances from US tariffs, but no immediate trends indicating a negative impact. (Respondent: Unidentified_3, Director and CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
20-05-2025
- General
- BBC News
Blue badge spaces to return after Edward T Wheadon House repairs
Blue badge spaces at a government office in Guernsey are due to be reinstated as repair work to the building has been blue badge parking spaces at Edward T Wheadon House have been suspended since January while scaffolding was in place as part of repairs to its States said the scaffolding will be taken down in phases beginning on 21 May, with blue badge parking reinstated from 26 Truchot road will be closed while scaffolding is removed between 21 and 23 May, from 08:00-16:00 BST. The States created three temporary blue badge spaces as a replacement while the work was thanked people for their patience while the scaffolding was in place.
