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Insolvencies hit UK construction hardest
PwC statistics show UK construction sector was worst affected by insolvencies in 2010
Mouchel rejects Costain
Mouchel has rejected a sweetened proposed offer from UK construction company Costain.
VTN lines up North American distributor
Italian equipment manufacturer VTN Europe has signed an exclusive distribution agreement with Quebec, Canada, based Rotobec Inc.
Sunbelt buys Louisiana scaffold company Empire
Ashtead Group’s US business, Sunbelt Rentals, has acquired Louisiana scaffold contractor Empire Scaffold for US$38 million in cash, plus $1.5 million to be paid in August depending on profits.
Cramo acquires Germany's Theisen
Cramo has acquired Theisen Baumaschinen, one of Germany's largest equipment rental companies, giving it a significant share of the German rental market as well as rental businesses in Austria, Switzerland and Hungary.
Indian equipment market hits record high
Off-Highway Research puts growth in 2010 at +42%, to take the Indian market for construction equipment to more than 58000 machines.
AFI-Uplift upgrades its service van fleet
As part of a move to further reduce the carbon footprint of its service van fleet, UK rental company AFI-Uplift has bought 22 Citroën Berlingo Enterprise vans and plans to replace the remainder of its existing service van fleet by second quarter 2011.
Cemex in negotiations with Venezuela over nationalisation
Cemex says it is in constructive negotiations with the government of Venezuela with a view to reaching an "amicable settlement" following the expropriation of its cement businesses in the country in August 2008.
AGC sees US construction unemployment above 20%
Some 16000 jobs were lost in the US construction sector in December as stimulus projects and other temporary work was wound-down.
Shaw Group reports Q1 loss
A court ruling resulted in a one-off charge of US$ 63.4 million, dragging first quarter results into the red.
Nichols and Riordan leave Terex
Richard Nichols, Terex Cranes president, and Tom Riordan, Terex president and COO, will leave the company at the end of January
UK construction market pessimism
Government spending cuts and concerns over access to finance leading to negative view, according to survey.
Hochtief accuses ACS of shareholder collusion
German regulator BaFin is investigating Hochtief’s claims that ACS collaborated with a shareholder during its takeover bid.
Terex AWP Eastern distribution centre begins operation
Genie and Terex Utilities parts are now being distributed from the new Terex Distribution Center East. The 500000 sq ft facility is located in Southaven just outside of Memphis, Tennessee and serves as a key supplier for the eastern and southern parts of the country.
US construction sees further monthly growth
Seasonally adjusted US construction spending increased +0.4% in November to US$ 810 billion on a rolling 12-month basis.
Workers agree 9/11 clean-up compensation
More than 95% of the workers who were exposed to hazardous materials during the clean-up in the wake of the 11 September 2001 terrorist attacks on the World Trade Center in New York, US have 'opted-in' to a compensation package.
Euro Auctions Spanish sale success
The first Euro Auctions auction of heavy plant and construction equipment in Valencia exceeded expectations and confirmed Spain as the next country in the UK company's expansion plans
Court upholds aborted Hyundai E&C sale
Hyundai Group misses out on acquisition of 35% stake in Korea’s largest contractor, opening the door for rival company Hyundai Kia Automotive.
ACS controls over 30% of Hochtief
Spanish contractor has crossed key ownership threshold in Hochtief.
Hertz buys Chicago power rental company
Hertz Equipment Rental Corporation (HERC) has acquired Forces Inc, a US$6 million revenue power rental company based close to Chicago, US.
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