Construction Sector News

Project Report: New Suez Canal
Mid-2014 saw the Egyptian government announce ambitious and fast-paced plans to expand the Suez Canal. A little more than a year on from that and the work is complete following a mammoth 259 million cubic metredredging project.
Limited growth for Brazil
A deteriorating economy, weak property market and lack of confidence said to be the reason for its struggles, despite 2016 Olympic Games
Currency effects lift Atlas Copco
Construction Technique revenues and profits rose in the third quarter, despite lower volumes
Two killed in temporary bridge collapse
Pedestrian structure crashed down onto major Johannesburg motorway on the afternoon of 14 October
China topples US to become wealthiest in built assets
Arcadis report estimates China has buildings worth US$ 47.6 trillion, compared to US$ 36.8 trillion in the US
String of retail construction contracts in Dubai
Nakheel has awarded construction contracts worth close to AED 2.3 billion (US$ 626 million), across three of its major Dubai, UAE developments.
Soft markets hit Terex results
Third quarter financials show a broad decline in sales and profits, although there was some resilience for the materials processing and Genie businesses
Wacker Neuson lowers forecast
Economic slowdown in emerging markets causes revenue estimate to drop for German company
February hearing for SNC-Lavalin corruption trial
Further postponement in criminal trial into bribery and fraud in Libya from 2001 to 2011
YIT restructures Russian operations
Finnish contractor to continue projects despite shortfall in Russian market, although hit will scale down production
Vinci Construction France appoints new MD
Hugues Fourmentraux joined Vinci in 1995 after graduating from ENSAM as an engineer
New issue of iC available online
The October issue of International Construction is now available to view online and in its tablet edition
Bell Helicopter chief to head Terex
John L Garrison Jr will take over from Ron DeFeo as president & CEO of Terex and go on to serve as CEO of Konecranes Terex following completion of their merger next year
Bilfinger restructures company
Industrial, and building and facility to become two independent segments following changes by board
Carillion experiences contracts boom
The UK-based company secures €2.2 billion contracts in UK, Canada and Dubai
New CFO for LafargeHolcim
Aebischer replaced by Wirahadiraksa at newly-merged construction materials company
Skanska suffers US loss
Design changes and poor productivity reduces the company’s third quarter profits
bC India changes name
Messe München and AEM renames the trade show ahead of fourth event in December 2016
Galliford Try posts record results
The UK-based housebuilding and construction group has recorded increases in every sector for 2015, owing it to ‘key appointments to the board’
Companies admit breaches of confidence
Individual payments of up to £250,000 could be made after blacklisted construction workers seek justice
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