Top Stories
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Indian equipment market to overtake Japan in two years
The Indian construction equipment market is set to grow +14% this year according to the latest report from Off-Highway Research. Last year's record volume of 50366 units is forecast to rise to 57350 m ...more
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CE Barometer August 2008: Gloom deepens
Sentiment about the European construction sector softened further in August, with current activity falling and prospects for the future weakening. Chris Sleight reports. ...more
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Doosan to acquire Moxy
Doosan Infracore has acquired Norwegian articulated dump truck (ADT) manufacturer Moxy for € 55 million through its European subsidiary DIEU. The company says it wants to increase Moxy's sales fivefol ...more
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Cemex to seek arbitration over Venezuelan assets
Cemex says it will submit a complaint to the World Bank's Center for Settlement of Investment Disputes following the Venezuelan Government's seizure of its assets in the country. The company says the ...more
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Venezuela nationalises cement - Cemex plants siezed
Venezuela has nationalised its cement industry with the acquisition of majority stakes in Holcim and Lafarge’s operations, and the seizure of Cemex’s assets in the country. ...more
Equipment News
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Bauer installs cut-off wall at Hinze Dam, Australia
The acute water shortage currently affecting Australia means the Hinze Dam near Brisbane in South East Queensland, is undergoing its third upgrade. ...more
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Hünnebeck formwork for offshore LNG plant
Formwork manufacturer Hünnebeck's Italian subsidiary has supplied a range of formwork, including its Manto large-frame panels, for construction of the world's first reinforced concrete offshore termin ...more
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US equipment exports soar +24%
Exports of US-built construction equipment were up +24% in the first half of the year, compared to the same period in 2007. ...more
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Production starts at new JCB excavator factory
JCB has begun to shift UK production of its excavator range to a new UK£ 40 million (€ 50 million) factory. ...more
Project News
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New railway to link Argentina and Chile
Argentine President Cristina Fernandez has announced that two Argentine companies will invest around US$ 3 billion to build a rail network connecting Argentina and Chile. ...more
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Leith Docks regeneration approved
Edinburgh City Council has awarded outline planning permission for the UK£ 700 million (€ 862 million) regeneration of the city's Leith Docks. ...more
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Construction starts on Libya's Sirt - Benghazi railway
Russian Railways has started construction of a 554 km-long twin-track railway linking Sirt and Benghazi in Libya, according to a statement on its website. ...more
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New contracting alliance for Abu Dhabi's Tameer Towers development
The Al Habtoor Leighton Group has entered into an AED 6.4 billion (US$ 1.74 billion) alliance contract to construct Abu Dhabi-based Tameer Holdings' Tameer Towers. ...more
Other News
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Medvedev orders Vladivostok bridge
Russia's President, Dmitry Medvedev, has signed a decree authorising construction of a US$ 1 billion suspension bridge linking the city of Vladivostok to Russky Island, where the 2012 APEC (Asia-Pacif ...more
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Blimbing Sari Airport corruption probe
Indonesia's Attorney General's Office (AGO) has named a number of former administration officials as suspects in an alleged corruption scam that cost the government IDR 40 billion (US$ 4.27 million). ...more
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IDB loan supports expansion of Brazil's Florianópolis-Osorio highway
The Inter-American Development Bank (IDB) has agreed a US$ 100 million loan to help Brazil expand the capacity of its Florianopolis-Osorio highway, part of the Mercosur corridor. ...more
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Ancient relics damaged during rail construction
Ancient Chinese bones and pottery dating back more than 3000 years have been severely damaged during construction a section of rail linking Beijing and Shanghai, according to local press reports. ...more
