All Business & Finance Articles

Major contracts for Tiong Woon
Tiong Woon Crane Pte has been awarded two contracts to supply mobile cranes and lifting services for the mono-ethylene glycol and Seraya plants on Jurong Island, Singapore
Demand for gypsum in North America to exceed 47 million tonnes in 2013
Demand for gypsum and gypsum products in North America could reach 47.7 million tonnes in 2013, according to research company The Freedonia Group.
Boart Longyear to repay loan with share issue
Boart Longyear shareholders have approved the conditional placement of over 850 million shares in a bid to raise US$ 193 million.
UK’s Barratt plummets to loss
Barratt developments reported annual sales to the end of June of UK£ 2,2 billion (€ 2,5 billion), down -35,7% on the UK£ 3,5 billion (€ 3,8 billion) recorded last year.
Jacobs wins contract for NDOT I-15 South Design-Build project
Jacobs Engineering Group has won a contract to lead design efforts on the I-15 South Design-Build Project for the Nevada Department of Transportation.
Trevi wins Kazakhstan oil contract
Trevi Group, through its subsidiary Drillmec, has been awarded a € 100 million contract to supply oil drilling equipment to Saipem.
LTECH's fifth depot will serve the Universiade
Russian rental company Ltech has opened its fifth depot in Kazan, Russia, in time for the 2013 Universiade.
European construction output continues to slow
Construction output in the 27 EU countries was down by 11,1% in July 2009 compared to 12 months ago according to Eurostat.
Compact Power rentals business will be at 100 Home Depot stores
Compact Power Inc (CPI) and Home Depot have signed a deal that will see CPI establish a new company, Compact Power Equipment Centers LLC (CPEC), to run large equipment rental business at selected Home Depot stores.
Kier optimistic about 2010
Kier Group reported annual sales of UK£ 2,1 billion (€ 2,3 billion), down -9,4% on the UK£ 2,3 billion (€ 2,5 billion) recorded last year.
Europlatform presentations now available
Presentations from the third Europlatform access rental conference are now available to buy
ZF faces sharp falls
Driveline and chassis producer ZF saw sales fall by a third from January to August 2009, compared to the first eight months of 2008. For the entire year, ZF forecasts corporate sales will fall by a quarter to €9.2 billion and anticipates sharp net losses
Emeco downsizes in Europe as Freedman prepares to step down
Australian heavy equipment rentals company Emeco is to significantly downsize its European operation over the next year and undertake a strategic review of its US business as part of a restructuring that will also see it sell off many of its smaller ‘civil construction’ machines in Europe and the US.
GAM reschedules debt and plans Panama and Peru openings
Spanish rental company GAM has negotiated a new schedule of debt repayment with its lenders to adjust to current business conditions. The company’s revenues fell 25% to €143 million in the first half of the year.
Manitou sales fall 56% in 'brutal' first half
Manitou has reported a 56% fall in revenues to €357.8 million for the first half of the year, with sales down 60% in Europe and 66% in North and South America.
Balfour Beatty to buy Parsons Brinckerhoff
US-based consultant will retain brand and operate as an independent subsidiary.
Question of the Month September 2009
When will the Europeean construction sector return to growth
CE Barometer September 2009: Rebound strengthens
After a flat summer, September saw a marked up-tick in sentiment in the European construction sector.
Planet Platforms (Northern) buys BEL and adds forklift training
UK manufacturer and distributor of access equipment, Planet Platforms (Northern) Ltd, has added forklift truck training to its access training division following the acquisition of BEL. The decision to purchase BEL formalises a long term working partnership between the two organisations.
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