HIGHTEX (HTIG)
Rumours that the roof contracts has been awarded to Hightex for four of the contracts mentioned below but these have yet to be verified.
Madrid: Atletico assures new stadium is going forward despite Olympic loss It was to be the heart of 2020 Olympics, but after Tokyo was awarded the tournament Madrid's dreams were killed. The stadium isn't, though. Atletico reassured that everything is being done according to schedule and the stadium should be ready in mid-2015.
Whenever we show you new photos from the construction site, we head comments that this may just be the slowest project under construction anywhere. So far the pace has been rather depressing, indeed. But the timeline for Estadio la Peineta was always very long, spanning from 2011 to mid-2015.
That very stadium was at the heart of all recent Olympic bids by Madrid and none of them succeeded. Still, municipal and club authorities reassured their commitment to delivering it on schedule. In fact, potential success in the 2020 bidding procedure would have impeded plans more, seeing the need to install a running track in what is a football-specific project.
Atletico officials regret the failure of Madrid anyhow, because it would mean a significant public fund boost to their project, especially the surrounding infrastructure and possibly even the stadium itself.
Currently first two tower cranes were installed on site and this year the stadium should reach ground level (currently underground parking lot is in progress), while in 2014 the superstructure is to be finished, leaving 2015 for installations and furnishings.
Libya: 11 new stadiums to be built
21.04.2013 20:56 source: Reuters.com
Libya: 11 new stadiums to be built More information comes on the redevelopment project for Libya's sports infrastructure ahead of 2017 Cup of Nations. A large number of 11 stadia are to be built, three ongoing already. This year the country expects to spend 400 million dinars (over $310m / €240m).
"Just like Nelson Mandela unified South Africa, we hope to unify Libya under this cup," Libyan Deputy Prime Minister Awad Ibrahim Elbarasi told Reuters. Last month, Libya said it would use all its resources to ensure that it kept the right to host the 2017 finals.
Construction of three stadia began already before the military conflict, as Libya were due to host the 2013 Cup of Nations initially. By 2011 large portions of the stadiums in Benghazi (45,000 seats), Misrata (23,000) and Tripoli (60,000) were delivered. Works are now expected to restart, but whether all venues will be finished in their initially planned form isn't clear.
"We will resume construction of these stadiums in June and have asked the government for a budget of 400 million dinars to build 11 stadiums this year,"
HIGHTEX Institutional Buying Ludgate 181 (Jersey) Ltd sales of $26.8m
Watch this space Charles DesForges, executive chairman of Hightex, commented: "We are very pleased to be trading on AIM once again and thank TCA for their support in this process. We now have funds which will allow us to build on our acknowledged technical expertise. Hightex continues to work on a pipeline of substantial projects and we look forward to updating shareholders in due course
current pipeline of project is expected to deliver sales of $26.8m for the remainder of 2014 and $16.7m next year.
"Our key objective remains to return the Group to profitability and we believe we are making significant progress in this regard," said Desforges.
Ludgate Investments - value-added investing
Ludgate is a specialist private equity investor since 2001, with a proven investment strategy that focuses on growth stage companies in resource efficiency within the most resilient European markets.
Established in Jersey in March 2002 as a close-ended investment company. Its principal objective is to achieve medium to long-term capital growth through investment in companies that offer a range of technologies or services capable of development to the long-term benefit of the investee company and its shareholders.
Hightex Group
Green Building Technologies
  Hightex is a specialist engineering company with two core activities: Hightex designs, fabricates and installs large area, architectural polymer membranes for roofing and façade structures; its SolarNext subsidiary has developed air-conditioning systems whereby solar energy replaces electric power. The SolarNext solar cooling kit is able to be retro-fitted to many kinds of structures and is managed by an innovative, proprietary controller that can efficiently manage multiple input sources (solar, district heating, biomass, CHP). Hightex membranes are typically used for sporting stadiums and arenas; transport terminals; shopping malls as a competitive alternative to glass: it enables complex shapes to be created and is also safer than glass in the event of an explosion. Hightex uses environmentally friendly materials and is focused on innovative technology and coatings, which help to reduce a building's energy costs.
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