All Business & Finance Articles

GDP growth in developing Asia cut to +7.5% from +7.8% this year due to weak external demand.

Swedish construction company to invest € 32 million in major Finnish contractor.

The access rental industry faces a challenge to attract capital in the coming years with rates of return needing to improve if the industry is to compete in the global capital markets, said former Lavendon CEO Kevin Appleton at the Europlatform conference.

US$ 300 million upgrade of 75 km highway is part of a five-year, US$ 21 billion infrastructure investment plan by the government of Oman.

US$ 1.07 billion deal will reinforce strong position in subsea construction.

Compact Power Equipment Centers, the company that provides rental services at 280 Home Depot stores in the US, is to raise up to C$25 million by floating on the Toronto stock exchange in Canada.

Chris Sleight & Helen Wright discuss highlights from the September issue of International Construction.

The Danish Skako Group has sold its Falcon Lift division to the company's managing director Finn Schlitterlau and financial director Thyge Mikkelsen for an undisclosed sum. The new company will trade as trading as TCA (Tall Compact Aerial) Lift.

Brazilian rental company A Geradora has entered the high-capacity power rentals market with an investment in 20 Cummins power units in 0.5 MW, 100 MW and 1.5 MW sizes.

Full-year forecast revised upwards amid increased demand for earthquake-proof homes

Genesis and Jewell parent Paladin Brands acquired by KPS Capital Partners through new holding company, International Equipment Solutions.

Ashtead's first quarter results (three months ending July 31) show pretax profits up 211% (£34 million) over the same period in 2010. Higher than the whole year's profit to April 30 2011 (£31 million). Turnover has increased 12% to £268.6 million with Sunbelt's revenue up 20% and A-Plant's up 12%.

The European construction industry is limping out of recession, but the debt crisis in the Eurozone and the need for austerity packages across the region will keep the growth rate well below the global average for the next decade.

Austrian contractor partners with Itay’s Vittadello Intercantieri di Padova on total €161 million project

September’s survey into the European construction climate is now open for participation from industry professionals across Europe.

World Bank refers concerns over US$ 2.9 billion Padma Bridge Project in Bangladesh to Canadian authorities

UK Competition Commission to investigate proposed construction materials partnership

UK based Mr Plant Hire has increased its fleet of powered access products with a number of Skyjack electric scissor lifts. The company says this is to meet the growing demand from its London and south eastern area customer base.

Spanish contractor teams up with Mexico’s Pemex to gain control of oil and gas producer Repsol

Hewden has appointed two new members to its management team based at its head office in Manchester. Mark Albiston has joined in the newly created role of operations director and Lyndsay Glover has taken up the position of head of human resources.