Construction Sector News

Manitowoc separation plans move on
Key milestone reached in splitting-off Cranes and Foodservice businesses with the filing of initial Form 10 Registration Statement with SEC
International Construction September podcast
Key news and features from the latest issue are discussed in this streaming and downloadable audio podcast
Chernobyl project moves forward
Vinci and Bouygues Construction reach major stage in construction of confinement shelter above damaged nuclear reactor in Chernobyl
Improved earnings for Strabag
Contractor reports “significantly improved” earnings in first half, with EBITDA rising by 54%
China Railway signals falling orders
Massive state-owned contractor saw revenues fall in the first half of the year, along with a drop in the number of projects available for tender
Georgia win for Salini Impregilo
Italian contractor to design & build US$ 575 million hydroelectric project in Svaneti region on a five-year EPC contract
Bosphorus breakthrough
Yapı Merkezi-SK joint venture achieves milestone on challenging road tunnel project using a Herrenknecht TBM
US construction costs fall again
Prices for equipment and materials – particularly steel products – fell in August, as it sub-contractor labour prices
CRH to acquire glazing specialist CRL
US-based manufacturer and distributor of glazing products to be added to Building Envelope business for US$ 1.3 billion
Deutz production milestone
German manufacturer has built 9 million engines since it was established in 1867
Global cement demand to grow +4.5%
Worldwide demand for cement is expected to grow by more than 1 billion tonnes per year between 2014 and 2019 to reach 5.2 billion tonnes, according to a new study by Freedonia Group
Power station foundations
Bauer Spezialtiefbau has started work on foundations for a new coal-fired power station in the Dominican Republic
Indonesian equipment market heading for recovery
Infrastructure investment plans expected to offset the market decline triggered by falling commodity prices
Lend Lease builds pipeline of projects
Revenues and profits for 2015 down due to one-off effects the previous year, but portfolio grows to US$ 32 billion of planned schemes
CEO quits as losses deepen at Boart Longyear
Boart Longyear president & CEO Richard O’Brien is to leave the company following disappointing half-year results.
Increase in sales for Cimpor
Sales up in first half for Portuguese cement company with double-digit growth in Argentina, Paraguay and Mozambique
John Deere down on volumes and currency
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
High level changes at Terex
Major round of top level personnel changes comes in the wake of recent announcement to merge Terex Corporation and Konecranes
New CEO for FCC
Mexican Carlos M Jarque appointed CEO of Spanish contractor FCC group, replacing Juan Béjar
South African market hits Aveng results
Revenues have fallen and the contractor has reported a full-year net loss due to low activity levels and historic issues
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