Altrad has successfully raised a new €2.4 billion financing package to refinance existing facilities and strengthen its liquidity.
Industrial services giant Altrad has raised the new €2.4 billion financing package to refinance its existing debt facilities, finance future acquisitions and additional general working capital needs.
The firm said today the financing package put in place is composed of a mix of Term Loans, Acquisition & Capex and RCF facilities.
Based in France, Altrad offers high value-added solutions, mainly in the energy, power generation, process, oil and gas, environment and construction markets.
Its multi-disciplinary activities include engineering, mechanical works and projects as well as specialist services, access solutions, insulation and coatings. The Group is also a leading manufacturer of equipment for construction.
Altrad’s success is in part a product of its growth strategy and strong capacity for integration and transformation. Following major acquisitions between 2015 to 2017 (Hertel, Prezioso and Cape, adding c.€2 billion in revenue) and a significant number of acquisitions already announced in 2021/2022 (11 acquisitions adding c.€1,3 billion in diversified, recurring revenue streams), Altrad will turn over approximately €4,1 billion and employ 55,000 people worldwide.
This financing package consolidates numerous prior loans and provides a stable financial platform for Altrad’s continued growth plans, supported by its long-term relationship with banks and the introduction of new banks into Altrad’s banking pool.
The financing was provided by BNP Paribas, Crédit Agricole CIB and Natixis CIB acting as Coordinators and Mandated Arrangers & Bookrunners. CIC, HSBC and Société Générale acted as Mandated Arrangers & Bookrunners and Arkéa, Commerzbank, Crédit Agricole, Crédit Lyonnais, Crédit Mutuel, JP Morgan and La Banque Postale acted as Arrangers. Natixis CIB is Agent of the facilities.
Founder and President, Mohed Altrad, and Group co-CEO Ran Oren said: “We have always valued our relationships with our financial partners and we are delighted that both existing and new banks have demonstrated their trust in the Group through this new financing package. We wish to thank all participating banks for their support. Altrad is now well-positioned to continue its relentless focus on operational performance and will continue to pursue its acquisition strategy in order to create value and diversify its services and products offering.”
A scaffolder who suffered a severe electric shock on-site in West Auckland, New Zealand has come off life support despite suffering horrific injuries.
Jahden Nelson, 28, remains in ICU at the Middlemore Hospital having suffered severe burns, the amputation of both arms and failing kidney’s requiring dialysis every two days.
Jahden is now breathing by himself and only recently opened his eyes oblivious to his injuries, though it’s thought medical staff would quickly inform him of the situation. The highly skilled scaffolder has undergone daily operations since the accident to remove burnt tissue and ward off infection.
Still in a critical condition, it seems he now faces months of recovery and even years of rehabilitation due to the seriousness of his injuries.
It’s thought he was holding a steel scaffolding tube when it touched low-hanging overhead lines. Witnesses saw a “fireball” erupt following a loud explosion when the electric current tore through Nelson’s body before he collapsed.
Jahden Nelson, 28, has had both arms amputated.
His Mother, Toni Paikea whose been sleeping in the hospital car park revealed her son received a severe electric shock as he took the entire voltage of the power line. She also explained he suffered a heart attack on-site after the incident.
She told the media: “He’s got severe burns throughout his body and both arms have now been amputated. He’s going into the operating theatre again today, as doctors are looking for burnt fibres which have remained in his internal system and are causing the infections.“He’s needing support in every possible way. He’s on dialysis every second day because his kidneys are failing. I’ve offered to give him one of mine. The children – aged three, two and the youngest due to turn one this month, aren’t coping.“They want their dad home. I know they’re hurting. I can see it in their eyes. He’s a loving father, and he wears his heart on his shoulder. He’s just a beautiful, humble man.“As a parent, nothing can replace what’s lost. To have my son live through this and actually open his eyes and acknowledge me, it breaks your heart.”
Toni is demanding answers about why her son was permitted to work beneath live high-voltage powerlines without the power being disconnected at the Massey site.
Scaffmag has learned WorkSafe guidelines recommend employers identify electrical services and disconnect them if possible. A full safety analysis should also have been carried out by a certified person prior to work commencing with all workers property briefed.
The power lines company known as Vector confirmed a “close approach consent” was issued to Nelson’s employer, Supercity Scaffolding. A spokesperson said: “Vector’s role in this incident was limited to issuing a close approach consent before work began. These are issued in accordance with electricity safety standards to construction companies to provide minimum distances and safe work practices for working near power lines.“This is a standard process in the construction industry and is required for anyone working next to power lines. It identifies the minimum approach distance from lines – this is the calculated safe working distance that provides worker protection when working near power lines.”“The consent highlights the risks of working close to the lines and enables the company to work within defined areas. Once it has been issued, it is up to the company to manage within those parameters, maintaining safe distances from the power lines.“Once this has been issued, it’s up to the company to manage within those parameters, maintaining safe distances from the power lines.”
A spokesperson for Supercity Scaffolding cited they could not comment on an ongoing investigation. What’s more they wouldn’t confirm or deny the power wasn’t turned off.
They had however, offered to provide the family with food vouchers, petrol, also offering to pay for a car park at Middlemore Hospital. In fact, Vector also offered supermarket and petrol gift vouchers, worth $1000, as a social media site has raised nearly $50,000 to help them get through the crisis.
Meanwhile local MP Phil Twyford is trying to ensure the family have legal representation to make sure there’s a proper investigation into what’s happened and there’s real accountability.
Jahden’s mother added: “No money can ever erase what’s just happened.“What health and safety protocols were in place? I know, as an ex-business owner, you’re supposed to give a debrief on the work site as well as health and safety.“My son has been in the industry since he was 16. I know in my heart with his knowledge he would have thought the power lines were turned off because the lines weren’t sleeved.”
Worksafe has said as the investigation is ongoing, they could not comment any further aside from stating: “WorkSafe is investigating an incident involving a worker who suffered significant injury after contact with power lines while dismantling scaffolding.”
Scaffmag has discovered another New Zealand scaffolding company owner who does not wish to be named said: “Really it shouldn’t have happened.” “As far as we’re concerned there’s no grey area. You’re not going to put someone in the line of danger. We don’t allow workers within four metres of power cables when working. If lines were unsleeved you would expect them to have been disconnected while workers were onsite, or written confirmation provided that the site was safe.”
Toni believes the lines her son was working underneath weren’t sleeved. The investigation is continuing as Jahden begins his long battle toward recovery.
St Helens Plant has recently established a new strategic partnership with German-based system scaffolding manufacturers MJ Gerüst. Grahame Anderson reports.
When the best in automated scaffolding teams up with a diversity in solution specialist, great things are bound to happen. And in this case ‘Ringlock’ users in the UK are set to benefit from the new relationship. Why? Because St Helens Plant is the primary supplier of MJ Gerüst’s innovative system presented as Combi Metric, carrying the ability to combine with other Ringlock systems.
What’s more, the manufacturing process is fully robotic encompassing all the latest cutting-edge technology.
St Helens Plant has said they are looking forward to sharing more updates on the state-of-the-art, high-performance machinery and manufacturing processes, provided by MJ Gerüst.
A spokesperson explained: “Any type of ‘Ringlock’ currently in use or invested in, can be used in conjunction with St Helens Plant’s Ringlock (COMBI / COMBI METRIC).“For many years we have identified a common issue in the traditional system manufacturers such as Kwikstage or Cuplock.“We have the ability to ensure you have complete utilization of your stock, enabling us to convert any unusable stock back to useable product, put your assets back in use. To also ensure you get full product utilization we can assist in cutting down the product to the next usable size, again to provide full utilisation of your stock.“The great thing about St Helens Plant is we can provide a complete care package, by offering a repair and reconditioning service, alongside UK supply chain ability. This means we not only sell the equipment but also have the ability to repair and recondition damaged equipment.”
As part of a strong group of companies, MJ Gerüst, since the early 70s has specialised in the production and sales of top-quality scaffolding systems leading the market and complying with the provisions of DIN EN 74-1 and EN 12810 + EN 12811.
Their product philosophy consists not in developing new systems but in improving their overall performance. The company has a state-of-the-art automated manufacturing plant, spanned over more than 200,000 square metres. They rank among the top three of German scaffolding manufacturers
Partner company the JUNIOR-Group boasting 3,000 employees and based in the Sauerland region of Germany has seen significant growth over recent years. They recently purchased much larger premises in Plettenberg.
Back in the UK St Helens Plant are building up a large stock of fully automated manufactured Ringlock on site and in stock.
They told us: “We are in a prime position to supply, repair and recondition Ringlock of any brand for any customer. Through our new COMBI / COMBI METRIC Ringlock system customers can take advantage of competitively priced components and full systems.”
The bottom line is the creation of a complete-care, repair, replacement and supply service – for fully compatible Ringlock Systems, is set to strengthen the market.
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It’s clear this dynamic European partnership can look forward to long-lasting success across the scaffolding industry.
www.sthelensplant.co.uk
Safety Notices have been issued after a scaffold worker fell from scaffolding on the huge Hinkley Point C site under construction in Somerset.
The incident happened on 4 March when a scaffold worker fell approximately five metres but avoided serious injury.
The Office for Nuclear Regulation (ONR) found a failure to ensure the work was properly planned, appropriately supervised, and carried out safely.
It has now served Improvement notices to contractors working at the site.
The improvement notices were served on Tuesday this week to Bouygues Travaux Publics SAS and Laing O’Rourke Construction Limited, the joint venture partners in BYLOR JV, which is working on the under-construction EDF site.
The ONR established there was a failure by BYLOR to ensure that the work was properly planned, appropriately supervised, and carried out in a manner which was safe, so far as reasonably practicable.
Inspector John McKenniff said: “Thankfully on this occasion the worker did not sustain any serious injuries, but it could have been much more serious.
“We have issued this Improvement notice to ensure that both organisations take action to prevent any similar occurrences in the future.
“We will monitor the actions of BYLOR JV and will have no hesitation in taking action if further shortfalls are identified.”
A spokesperson for Hinkley Point C said: “We accept the findings of the regulator and have ensured that the shortfalls identified are addressed in order to avoid a repeat of such an incident.
“The safety of people working on our site is of paramount importance and we will continue to take action, alongside our contractor and trades union partners, in order to reinforce and improve our already strong safety culture and record.”
A spate of scaffolding accidents in Italy shows no signs of abating following the death of a 53-year-old worker near Lecce.
Oronzo Pisano, a self-employed builder, was working on a flat in Salve when he slipped and fell some six metres. Even though emergency services rushed to the scene, there was nothing they could do to save the man. The authorities there have ordered an autopsy to investigate the tragedy further.
The worrying trend also recently saw the death of a 51-year-old who was outside on scaffolding adjacent to the second floor of a property in the central Castro Pretorio area of Rome last month.
Once again, the fall proved fatal with emergency services unable to help. Safety inspectors were called within a short space of time along with police. Sadly, this followed on from another fatality at Forio, a village on the Naples Bay island. The 59-year-old was rushed to hospital but later died of his injuries.
Last September a 56-year-old man fell 10 metres from scaffolding placed on the roof of a building in Reggio Emlia. This was the 12th such accident within the course of just three days.
In fact, Scaffmag has learned more than 800 people were killed in accidents at work last year across the country, prompting the government to look closely at health and safety regulations.
During a speech in August last year Italian prime minister, Mario Draghi, said: “Among all the problems there is one thing that is dear to us all, to me in particular, and that is to try and do something to improve the unacceptable situation in terms of safety at work.”
An agreement was reached with trade unions to tighten safety regulations as well as the task of employing thousands of new health and safety inspectors.
Luigi Sbarra, the secretary of the Cisl workers union, said the implementation of measures needed to be accelerated. “Condolences and condemnation are not enough.”
The numbers of scaffolding accidents are the third largest in terms of the construction industry with much still needing to be done to ensure greater safety for workers.
In Italy, the institutional system of safety and health at work comes under the Ministry of Labour and Health, in conjunction with the Regional Coordination Committees and the social partners.
Their responsibilities include delivering advice for legislative developments, supervision, promoting health and assisting businesses.
It’s important to remember the law here in the UK requires employers and self-employed contractors to assess the risk of work at height and go on to organise and plan the work so it’s carried out safely.
Suitable precautions must be taken to prevent falls. General access scaffolds provide a means of working at height while preventing falls and should be provided whenever practicable.
The Alimak Group is stopping all its business operations and pulling out of Russia.
Sweden based Alimak, a leading provider of vertical access solutions said, In the light of recent events and of European Union sanctions, Alimak Group has decided to exit its operations in Russia.
The latest development comes after Alimak announced in March that it was suspending all deliveries to customers in Russia and was not pursuing any new sales.
“In the light of recent developments, we have evaluated the situation and decided to exit our Russian operations. We have initiated a controlled exit process and we will do our utmost to ensure that our employees in Russia are taken care of in the best possible way during this process”, Ole Kristian Jødahl, CEO at Alimak Group said.
The Group has 15 employees in Russia. The company said the exit process will be executed with consideration toward those employees and customers.
They added that the actions are not expected to have any material impact on Group financials.
A new training partnership has been forged between Simian International and Enertech Qatar resulting in a new facility opening in Doha, Qatar.
After almost two years since its last visit to the region due to the Covid pandemic, CISRS has recently been out to the new facility and awarded it an official accreditation.
The new centre will offer CISRS OSTS Level 1, Level 2, Basic Scaffold Inspection, Advanced Scaffold Inspection and Scaffolding Supervisor courses.
Dave Mosley, CISRS Managing Director, said: “This project has been a long time in the making, due to discussions with several potential UK provider partners and then the onset of the COVID pandemic. We are very pleased to have at last had the opportunity to get out to Doha and carry out the accreditation visit.“They have done a great job with the practical area and it has been fitted out with all brand-new materials.”
Simian International will provide experienced qualified CISRS instructors to deliver the OSTS courses and it is envisaged that training will start in the next few weeks.
Simian International has an existing partnership in Qatar with local company QISC. They managed to keep their centre operating throughout the pandemic by introducing a strict set of COVID related RAMS and procedures, including social distancing, enhanced cleaning regimes and the wearing of masks.
They successfully completed their CISRS annual accreditation audit earlier in the week and continue to deliver a range of OSTS courses both at their centre and various on-site locations across the region.
Dave Mosley added: “We were concerned that the COVID pandemic may have had a negative effect on the OSTS scheme, however it continues to flourish in Qatar. There is a lot of work coming off in the oil, gas and energy sectors in the coming years and we will be pushing to ensure that scaffolders continue their training and assessment moving onto Level 2, 3 and 4.“CISRS plans to return to Qatar in the coming months to hold a seminar for clients, contractors and government officials to promote the benefits of a trained, qualified and competent workforce.”
Duncan and Guy Robertson have constructed an integrated platform with the goal of mitigating the impact of poor mental health in the workplace.
The brothers based in the North-East aim to actively track, manage and mitigate the impact of mental health in the business while linking employees to a community of shared lived experiences.
Scaffmag has previously highlighted the excellent work being done across the scaffolding industry in terms of mental health. It seems the message is getting across the business spectrum like never before.
As the co-founders of Dittolo, a stage created to facilitate actionable insights, risk assessments, and cost impacts enabling organisations to implement “more proactive and preventative” support interventions, they hope to educate and offer better solutions than many current fragmented ones.
Carrying great experience in change management, Guy explained: “Most organisations simply don’t know the state of employee mental health in the business and can’t effectively quantify the cost. A report by Deloitte revealed poor mental health costs UK businesses an estimated £45bn every year.”“What we want to do is empower organisations with actionable insights and provide employees with a safe and trusted space to connect with others who have a shared experience.”
Before the pandemic kicked in Duncan had completed more than 20 years in the airline industry. He added: “We are seeking to collaborate with organisations and their employees, to shape and define the platform in line with what works for them so we can provide the most effective tools, resources, and support that meet their needs.”
Their scheme has been strengthened after joining up with the Accelerator programme purpose-led by Nat West and based in the North-East. It’s predominantly aimed at those entrepreneurs redefining what it means to be a business and supporting a more inclusive and sustainable economy.
Duncan revealed: “The Accelerator has been invaluable in terms of upskilling our business-iq and providing a broader operational perspective for our business. We’ve also enjoyed working with other entrepreneurs and learning from them.”
Both large and small scaffolding businesses will be taking note as it’s clear the mental health of their workforce is of paramount importance both now and in the future.
One of Scotland’s largest scaffolding suppliers has marked the start of a new partnership with housebuilder Dandara East Scotland on a new Midlothian development.
In its first job for Dandara, JR Scaffold Services – a division of leading construction firm, The JR Group – will deliver scaffolding services for the affordable homes part of the housebuilder’s Shawfair development.
Sitting alongside the development’s 38 private homes, the 18 affordable apartments will be housed within two three-storey blocks.
John Horne, Managing Director of JR Scaffold Services, said: “We’re absolutely thrilled to be embarking on a new project with the team at Dandara East Scotland. A major part of our ethos is partnership working and, based on our early conversations with the Dandara team, we can see a long-term future working together. “Scaffolding is a key division of The JR Group and is the foundation on which the business was built, so we’re keen to bring this expertise to the Shawfair development and to play a key role in facilitating the provision of affordable homes on behalf of Dandara. We hope this will be the first of many projects to come.”
Stuart Dallas, Contracts Manager at Dandara, said: “We are delighted to have JR Scaffolding Services – on board for its first development with Dandara, and look forward to working together now and in the future.”
JR Scaffold Services is the original division of The JR Group, and was founded in Govan in 1995. Over the past 26 years, it has grown to become one of Scotland’s largest scaffold suppliers.
JR Scaffold Services’ extensive experience has seen the teamwork alongside Historic Scotland on a host of listed buildings and historic monuments. The team also provides services to many of the UK’s leading private and affordable housebuilders, as well as routinely working on MoD installations, schools, hospitals and government buildings.
Scaffolding supplier Leach’s has launched a range of new environmentally-friendly products and to celebrate 100 years in business it’s planting 100 trees to help reduce its carbon footprint.
Leach’s, one of the UK’s most trusted suppliers of scaffolding supplies and height safety equipment, is planting 100 trees to celebrate 100 years of business as part of its ongoing sustainability initiative.
The company is working with Trees for Life to plant 100 trees in the Scottish Highlands.
As the firm continues its efforts to reduce its carbon footprint, it is also launching two brand-new environmentally friendly products, Leach’s Eco Harness and BIGBEN® Ultralite Eco Gloves, delivering sustainable product options to the scaffolding and construction industries.
For much of Leach’s first 100 years, it has prioritised taking care of people. That has involved delivering the ultimate protection for all tradespersons working at height, including scaffolders and construction workers. Now, it is widening its focus to include protecting our planet.
Leach’s has launched a first if it’s kind Eco Harness that’s made from upcycled PET bottles and is certified-free from harmful chemicals. As scaffolders get through many pairs of gloves week in week out the company is also launching BIGBEN® Ultralite Eco Gloves that are made from one recycled plastic bottle per pair of gloves. What’s more, they are washable and reusable too.
Russell Tennent, Managing Director at Leach’s, said: “In recent years, as part of our efforts to implement environmentally friendly working practices across industry, we’ve successfully introduced products like BIGBEN Eco Scaffold Sheeting that can be recycled; we’ve taken more of our manufacturing in house to help reduce our carbon footprint; and we have plans to reduce the waste from our packaging. We’ve been taking the steps needed to push the industry towards sustainable business practices. These new product launches, alongside the trees initiative, forms the latest in a series of new endeavours to protect our planet.”
As part of a strong group of companies, MJ Gerüst, since the early 70s has specialised in the production and sales of top-quality scaffolding systems leading the market and complying with the provisions of DIN EN 74-1 and EN 12810 + EN 12811.
Their product philosophy consists not in developing new systems but in improving their overall performance. The company has a state-of-the-art automated manufacturing plant, spanned over more than 200,000 square metres. They rank among the top three of German scaffolding manufacturers
Partner company the JUNIOR-Group boasting 3,000 employees and based in the Sauerland region of Germany has seen significant growth over recent years. They recently purchased much larger premises in Plettenberg.
Back in the UK St Helens Plant are building up a large stock of fully automated manufactured Ringlock on site and in stock.
They told us: “We are in a prime position to supply, repair and recondition Ringlock of any brand for any customer. Through our new COMBI / COMBI METRIC Ringlock system customers can take advantage of competitively priced components and full systems.”
The bottom line is the creation of a complete-care, repair, replacement and supply service – for fully compatible Ringlock Systems, is set to strengthen the market.
As part of a strong group of companies, MJ Gerüst, since the early 70s has specialised in the production and sales of top-quality scaffolding systems leading the market and complying with the provisions of DIN EN 74-1 and EN 12810 + EN 12811.
Their product philosophy consists not in developing new systems but in improving their overall performance. The company has a state-of-the-art automated manufacturing plant, spanned over more than 200,000 square metres. They rank among the top three of German scaffolding manufacturers
Partner company the JUNIOR-Group boasting 3,000 employees and based in the Sauerland region of Germany has seen significant growth over recent years. They recently purchased much larger premises in Plettenberg.
Back in the UK St Helens Plant are building up a large stock of fully automated manufactured Ringlock on site and in stock.
They told us: “We are in a prime position to supply, repair and recondition Ringlock of any brand for any customer. Through our new COMBI / COMBI METRIC Ringlock system customers can take advantage of competitively priced components and full systems.”
The bottom line is the creation of a complete-care, repair, replacement and supply service – for fully compatible Ringlock Systems, is set to strengthen the market.
Simian International has an existing partnership in Qatar with local company QISC. They managed to keep their centre operating throughout the pandemic by introducing a strict set of COVID related RAMS and procedures, including social distancing, enhanced cleaning regimes and the wearing of masks.
They successfully completed their CISRS annual accreditation audit earlier in the week and continue to deliver a range of OSTS courses both at their centre and various on-site locations across the region.
Dave Mosley added: “We were concerned that the COVID pandemic may have had a negative effect on the OSTS scheme, however it continues to flourish in Qatar. There is a lot of work coming off in the oil, gas and energy sectors in the coming years and we will be pushing to ensure that scaffolders continue their training and assessment moving onto Level 2, 3 and 4.
“CISRS plans to return to Qatar in the coming months to hold a seminar for clients, contractors and government officials to promote the benefits of a trained, qualified and competent workforce.”
Simian International has an existing partnership in Qatar with local company QISC. They managed to keep their centre operating throughout the pandemic by introducing a strict set of COVID related RAMS and procedures, including social distancing, enhanced cleaning regimes and the wearing of masks.
They successfully completed their CISRS annual accreditation audit earlier in the week and continue to deliver a range of OSTS courses both at their centre and various on-site locations across the region.
Dave Mosley added: “We were concerned that the COVID pandemic may have had a negative effect on the OSTS scheme, however it continues to flourish in Qatar. There is a lot of work coming off in the oil, gas and energy sectors in the coming years and we will be pushing to ensure that scaffolders continue their training and assessment moving onto Level 2, 3 and 4.
“CISRS plans to return to Qatar in the coming months to hold a seminar for clients, contractors and government officials to promote the benefits of a trained, qualified and competent workforce.”
Russell Tennent, Managing Director at Leach’s, said: “In recent years, as part of our efforts to implement environmentally friendly working practices across industry, we’ve successfully introduced products like BIGBEN Eco Scaffold Sheeting that can be recycled; we’ve taken more of our manufacturing in house to help reduce our carbon footprint; and we have plans to reduce the waste from our packaging.
We’ve been taking the steps needed to push the industry towards sustainable business practices. These new product launches, alongside the trees initiative, forms the latest in a series of new endeavours to protect our planet.” 
Russell Tennent, Managing Director at Leach’s, said: “In recent years, as part of our efforts to implement environmentally friendly working practices across industry, we’ve successfully introduced products like BIGBEN Eco Scaffold Sheeting that can be recycled; we’ve taken more of our manufacturing in house to help reduce our carbon footprint; and we have plans to reduce the waste from our packaging.
We’ve been taking the steps needed to push the industry towards sustainable business practices. These new product launches, alongside the trees initiative, forms the latest in a series of new endeavours to protect our planet.” 
