All Construction Articles

The Romanian government has announced plans to re-start construction of the Bucharest-Danube Canal in 2010 with completion expected in 2014, according to Sofia News Agency.

Building materials Group, CRH reported 2008 sales of € 20,8 billion, a -0,5% drop on the € 20,9 billion recorded for 2007. In line with January’s expectations, the Group recorded 2008 pre-tax profits of € 1,6 billion, down -14% on the € 1,9 billion reported a year earlier.

Czech Republic police are investigating alleged corruption in the awarding of 30 contracts by the country's Defence Ministry, according to the Czech News Agency (CTK).

UK house builder Persimmon recorded 2008 sales of UK£ 1,7 billion (€ 1,9 billion), down from the UK£ 3 billion (€ 3,3 billion) reported for 2007. Pre-tax profits also fell from a UK£ 582 million profit (€ 650 million) in 2007 to a loss of -UK£ 780 million (-€ 870 million) in 2008.

Ferrovial reported 2008 sales of € 14,1 billion, down -3,6% on 2007.

Donors from 70 countries have pledged to donate almost US$ 4.48 billion in aid to the Palestinians, mainly to rebuild Gaza following the earlier conflict with Israel.

Navitronic Plus, Vögele's 3D machine control system, has been used in a paving project as part of the extension of Iceland's Akureyri Airport.

Zaha Hadid Architects has released new images for the Regium Waterfront project in the city of Reggio Calabria, Italy.

Metroselskabet, the owner and operator of the metro system in Copenhagen, Denmark, is to extend its ground investigations for the city’s new DKK 15 billion (€ 2 billion) underground circle line, the Cityringen.

In planning the Cityringen Metro, priority was given to completing the project rapidly and in an environment-friendly, financially responsible manner with as little inconvenience to the city as possible.

Wacker Neuson SE recorded preliminary 2008 sales of € 870 million, up +17,3% on the € 742 million reported for 2007. Pre-tax profit is expected to be € 100 million, down -14,5% on the € 117 million recorded in 2007.

Sandvik's UH421 mobile secondary cone crusher, introduced to the Scandinavian market at the end of last year, is now being made available worldwide.

Eiffage reported a +5% growth in sales for 2008 to € 13,2 billion, up from € 12,5 billion the previous year. Pre-tax profits for the year fell -3% from € 1,14 billion in 2007 to € 1,1 billion.

Bauer has completed piling work on the Nation Tower in Abu Dhabi, UAE.

Sibir has appointed solicitors and accountants to investigate the actual and proposed real estate dealings of Chalva Tchigirinski, a former company director and shareholder in Sibir who took an ‘advance’ from the company of US$ 325 million (€ 256 million) for the purchase of properties in his real estate portfolio.

Multiquip has signed a deal with EZ Grout that will see the former become the exclusive distributor for EZ Grout equipment in the US and Mexico.

Perini reported record revenues of US$ 5.6 billion for 2008, up +22% on the US$ 4.6 billion for 2007.

Fluor saw a +33% increase in sales for 2008, up from US$ 16.7 billion in 2007 to a record US$ 22.3 billion last year. Pre-tax profits jumped +71% from US$ 649 million in 2007 to US$ 1.1 billion.

Terex has renegotiated its credit agreements and is now considering its options for two loss-making divisions.