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A Volvo dealer in XinJiang province has established the first Volvo Rents business in China.

Caterpillar China executives have closed a deal to build a large engine manufacturing facility in Tianjin

Hitachi will invest JPY 10 billion (US$120million/€90 million) over the next three years to expand its Chinese operation.

The next ten years promise a “golden age” for the crane business in China, according to leading Chinese crane manufacturer XCMG.

The second International Crane Summit opened yesterday (22 November) in Shanghai, China, with around 250 delegates from over 90 companies and 25 countries.

The Chinese crane industry faces an increasingly competitive future as domestic production capacity grows and more foreign manufacturers enter the market, said Su Zi Meng, secretary general of the China Construction Machinery Association, speaking at the second International Crane Summit in Shanghai, China.

South African heavy equipment rental company MCC Plant Hire is aiming to establish a permanent footprint in sub-Saharan Africa and has already opened a depot in Mozambique.

Statistics from Eurostat show monthly and year-on-year falls, while the European Construction Forum urges EU member states not to slash investment

Malaysian investment group Hong Leong positions itself to take advantage of new public projects in the country

Net € 45,5 million loss as a result of property impairment and declining revenues

The agreement has a base contract period of three years with five option years

The Swedish arm of Finland-based Havator Group has acquired BinSell i Uppsala AB, which offers crane rental in the Stockholm area

Netherlands-based Mammoet Maritime has acquired floating crane operator Barthel Schwimmkrane in Germany

The chief executive of Arc-Gen has told IRN that the company aims to triple its revenues by 2015, with 50% of its business generated outside the UK.

Cramo has added 75 floor grinders from HTC Sweden to its rental fleet in Sweden. The order comprises 30 single-phase HTC 420 models and 45 three-phase HTC 500 and 650 units.

Husqvarna Construction Products has announced the official opening of a new factory in Åsbro, Sweden, where its DXR range of demolition robots will be produced

The Russian construction industry is rebuilding after 2009's slump

Annual cement consumption in the region is set to exceed the 100 million tonne mark over the next two years

Challenging market conditions in the UK are making it difficult for Speedy Hire to return to profit, but the company said trends in pricing, volume and revenues were improving and that it was continuing to make good progress in its new Middle East business.

Chief economist noted an increase in new work in the UK construction sector, but warned that government cuts will bite