Construction Sector News

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
LafargeHolcim announces Indian divestments
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
Police raid contractor over World Cup allegations
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
Saipem to be investigated in Petrobras affair
Oil and gas contractor receives notice that it will be investigated in connection with Brazilian corruption scandal
Balfour Beatty reports stable order book
Stable order book but pre-tax loss of €182 million reported by UK-based contractor for first six months of 2015
Cemex to sell businesses in central & eastern Europe
Quarries and cement plants in Austria, Hungary and the former Yugoslavia to be sold in two separate transactions for US$ 424 million
Administration for Imtech
Dutch-based technical solutions provider goes into administration as talks to try to source additional financing fail, while German subsidiary files for insolvency
Former Atlas Copco executive to head Sandvik
Björn Rosengren to take over as group's president and CEO from November 1.
Terex and Konecranes to merge
All-share ‘merger of equals’ will create a US$ 10 billion per year company in the construction equipment and lifting & materials handling sectors
‘New Suez Canal’ opens
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
Sandvik breaks ground on Indian facility
Presidents of Sandvik Mining and Sandvik Construction launch new factory and R&D centre near Pune
Shareholding changes at Ferrovial
Reorganisation at Spanish construction, toll roads, services and airport group for del Pino family, as first-half profits rise
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
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