All Construction Articles

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.

The UK's Mace Group has signed the contract to construct the Renzo Piano-designed Shard at London Bridge Quarter, UK with developers LBQ.

Barratt Developments, one of the UK’s largest housebuilders, reported pre-tax losses for the half year to 31 December 2008 of -£ 592 million (€ 667 million), down on the £ 194 million (€ 219 million) pre-tax profit for the same period in 2007.

The European Commission has given approval for German authorities to give financial support for the development of two airports.

Cement production and consumption is set to contract in Russia and the Commonwealth of Independent States (CIS) during 2009 as the impact of the global financial crisis is felt in the region

Oman's Ministry of National Economy has invited tenders to build a 240 km coastal road.

Komatsu has announced production cuts, with six of its ten Japanese factories slowing down to two-day weeks. In addition it will cut 2000 jobs outside Japan.

Astec Industries had sales of US$ 974 million last year, a +12.0% increase on 2007. However, its sales fell -11.5% in the fourth quarter of the year compared to the same period in 2007, reducing its growth for the year.