Construction Sector News
Revenues and profits for 2015 down due to one-off effects the previous year, but portfolio grows to US$ 32 billion of planned schemes
Boart Longyear president & CEO Richard O’Brien is to leave the company following disappointing half-year results.
Sales up in first half for Portuguese cement company with double-digit growth in Argentina, Paraguay and Mozambique
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Less favourable exchange rates and lower volumes pulled down John Deere’s construction & forestry division’s financials in the third quarter of the fiscal year
Major round of top level personnel changes comes in the wake of recent announcement to merge Terex Corporation and Konecranes
Mexican Carlos M Jarque appointed CEO of Spanish contractor FCC group, replacing Juan Béjar
Revenues have fallen and the contractor has reported a full-year net loss due to low activity levels and historic issues
Cement plants in Eastern India with capacity of 5.15 million tonnes per year to be sold to Birla as part of regulatory clearance for merger
Documents seized at Odebrecht offices as part of the Operation Fair Play investigations into alleged over-charging on construction of Arena Pernambuco, a venue for the 2014 FIFA World Cup
Oil and gas contractor receives notice that it will be investigated in connection with Brazilian corruption scandal
Stable order book but pre-tax loss of €182 million reported by UK-based contractor for first six months of 2015
Quarries and cement plants in Austria, Hungary and the former Yugoslavia to be sold in two separate transactions for US$ 424 million
Dutch-based technical solutions provider goes into administration as talks to try to source additional financing fail, while German subsidiary files for insolvency
Björn Rosengren to take over as group's president and CEO from November 1.
All-share ‘merger of equals’ will create a US$ 10 billion per year company in the construction equipment and lifting & materials handling sectors
Shipping route’s capacity increased following construction of an additional 30 km channel. The 259 million cubic metre dredging project was completed in less than a year
Presidents of Sandvik Mining and Sandvik Construction launch new factory and R&D centre near Pune
Reorganisation at Spanish construction, toll roads, services and airport group for del Pino family, as first-half profits rise
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?
Engine manufacturer reports figures in line with expectations, although unit sales and revenue fell year-on-year because of advance production of engines