Construction Sector News

Terex Trucks one year on
Last June Volvo completed its acquisition of Terex Trucks, the US-owned, UK-based manufacturing business making articulated and rigid frame off-highway haulers. A year on from the deal, how has life had changed under the new owner?
‘Solid’ first half for Deutz
Engine manufacturer reports figures in line with expectations, although unit sales and revenue fell year-on-year because of advance production of engines
Salini Impregilo growth
2.9% increase in consolidated revenues reported by Italian contractor for first six months, plus 20% increase between first and second quarters
Vinci consortium signs Regina bypass contract
First PPP transport project in Saskatchewan will see US$ 1.44 billion invested over th 30 year concession period
Jail time for OAS executives
Contractor’s former president and four other senior managers face up to 16 years in jail for their part in the Petrobras scandal. Appeals against the sentences are planned
Shoe factory waste to fuel Vietnamese cement kiln
Holcim selects UNTHA processing system to deliver an alternative to fossil fuels
Global residential construction to see +3% growth
North American and Western European markets expected to rebound, while rural-to-urban migration will drive growth in many emerging economies
CRH deal with Lafarge and Holcim completed
Irish-based company’s €6.5 billion acquisition of parts of Lafarge and Holcim finalised, with exception of Philippines which will close in third quarter
VIDEO: Global construction market outlook
iC editor Chris Sleight looks at growth in the global construction market this year, with a focus on the different regions and the opportunities they present
Best growth in almost a decade for US construction market
Total construction spending came to US$ 1.06 trillion in the 12 months to the end of June, up +12% on a year previously
Komatsu opens plant in Myanmar
Jade mining expected is to drive demand for remanufactured components, while generators will also be built at the facility in Mandalay
Hochtief improves profits
Chairman of executive board says contractor is increasingly benefiting from results of “strategic transformation”
Vinci upbeat despite revenue drop
First half contracting revenue down 2.4% over same period last year, but company says it is moving into second part of year with confidence
Latin America hits CNH sales
CNH Industrial’s construction equipment business saw a -20.5% decline in sales in the second quarter of the year
Spanish JV for Sacyr and Fluor
Fluor to sell 50% of its Spanish arm to Sacyr Industrial. Company will focus on construction in the chemical and oil & gas sectors.
North America bolsters Manitou
Americas and Northern Europe lead the way as results for six months to 30 June show a 6% year-on-year increase
CADE upholds cement cartel fines
Companies, trade associations and individuals in the Brazilian cement sector to pay fines of some US$ 930 million and face other restrictions
Terex revenues and profits slide
Sales for all divisions in the second quarter were down compared to a year ago, although aerial work platform and materials processing businesses made double-digit margins
Asian market impact for Komatsu
Falling sales in Asian markets outside Japan pulled down first quarter figures for the equipment manufacturer
Architect hits back at plans to scrap stadium design
Zaha Hadid has criticised the Japanese government’s plan to re-tender the design for the Tokyo Olympic Stadium, blaming a flawed procurement process for spiralling costs
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