All Construction Articles
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.
If there's one area that's feeling the pinch of the current economic malaise it's trade shows.
Incoming orders for German-built construction equipment and building materials machinery fell more than -30% in the final quarter of last year.
Tophammer drill rigs from Sandvik being used in a dewatering well project at the Dubai Waterfront construction site are achieving faster penetration rates in sand than conventional methods, according to the company.
Construction growth in the Western Balkans is expected to slow to +6% in 2009, down from +12% last year according to the latest report from PMR market research.
Acciona has agreed to sell its 25,01% stake in Spanish utilities company Endesa to Enel for € 11,1 billion in cash.
The Inter-American Development Bank (IDB) increased its loan and credit guarantee approvals by +18% last year to US$ 11.2 billion. Disbursements reached US$ 7.6 billion, almost US$ 500 million more than in 2007.
Hyundai Construction Equipment held its first ‘road show’ at Nolgonda, Andhra Pradesh in India this month.
US house builder John Laing Homes has filed for Chapter 11 bankruptcy protection. The company is owned by Dubai, UAE-based real estate developer Emaar Properties.
Saint-Gobain saw sales increase +1% to €43,8 billion in 2008, up from € 43,4 billion in 2007, however, operating profits fell by -11% to € 3,6 billion, down from the € 4,1 billion reported in 2007.
Lafarge reported 2008 sales of € 19 billion, up +8% on the € 17,6 billion reported in 2007. Operating profit for the year also increased by +9% from € 3,2 billion in 2007 to € 3,5 billion last year.
The Asian Development Bank (ADB) has agreed to lend China US$ 400 million in emergency assistance to help repair schools and roads demolished and damaged in the earthquake in May last year.
Bangladesh has announced plans to build a BDT 20 billion (US$ 290 million), six-lane tunnel under the Karnaphuli River.
Trimble has introduced the Spectra Precision LL100 horizontal laser level for use in a variety of construction elevation control applications, the company said.
A 98 tonne Bauer BG 28 piling rig has been lifted to a height of 22 m by a telescopic crane into a former high-rise Second World War bunker in the Ruhr District city of Bochum, Germany.
Sweden’s NCC Group recorded sales of SEK 57.4 billion (€ 5 billion) in 2008, down -1,5% on the SEK 58,4 billion (€ 5,2 billion) reported for 2007.
Russian construction group LSR reported preliminary sales of RUB 48,5 billion (€ 1 billion) for 2008, up +36% on the RUB 35,8 billion (€ 780 million) recorded in 2007.
Construction output in the 27 EU countries was down -6,7% in December 2008, compared to December 2007, according to new figures from Eurostat.
Despite a downturn in the European wheeled loader market, manufacturers are continuing their quest to increase machine productivity and reduce the impact this equipment has on the environment. Becca Wilkins reports.
US President Obama has signed the economic stimulus plan in Denver, Colorado, that will see US$ 48 billion of the overall US$ 787 billion directed towards infrastructure spending.
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