All Business & Finance Articles
A Fluor and AMEC joint venture has won a CA$ 915 million (US$ 892 million) engineering, procurement and construction management contract to develop Terrane Metals' Mount Milligan copper and gold project
A Laing O'Rourke and Bachy Soletanche Joint venture has won the HK$ 1039 million (€ 109 million) contract for the underground construction of a section of the approach tunnels for the West Kowloon station complex on Hong Kong's mass transit system.
Vinci/BAM Nuttall JV awarded UK£ 700 million (€ 844 million) contract to upgrade Victoria underground station.
Australian crane services provider Boom Logistics has been approached by a private equity company interested in a potential takeover
HCC Infrastructure, a subsidiary of the Hindustan Construction Company has signed an agreement with Orascom Construction Industries
Dragages Hong Kong, a subsidiary of Bouygues Construction has won a € 490 million contract to design and build a harbour terminal and supporting facilities for cruise ships
A Kiewet and Aecon JV has won the CAD$ 1,7 billion (US$ 1.6 billion)design and build contract for the construction of the lower Mattagami hydroelectric complex
Bilfinger Berger Australia has been renamed Valemus for an IPO launched this week, which it is hoped will raise up to AUS$ 1.3 billion (US$ 1.1 billion) when the offer concludes this July.
In the USA Barnhart Crane & Rigging will purchase the crane rental division of Powell Companies in Tennessee
The rental industry reacted responsibly to the crisis last year, said Gérard Déprez, president of the European Rental Association (ERA) and chief executive officer of Loxam, but he said that recovery would only be visible in companies’ 2011 accounts.
A new online rental marketplace is being launched in North America that aims to create an eBay for equipment rental.
UK heating and cooling specialist, Watkins Hire, celebrates its 150th anniversary this year and continues its recent expansion by opening three new depots during the year.
Revenues at the 100 largest rental companies in the world fell by an average of 15% in 2009, according to the latest IRN-100 survey published in the may-June issue of IRN. Revenues at the top 10 companies fell by over 20%.
Manitou said its US subsidiary Gehl had passed a “milestone” in its financial restructuring by selling US$36 million of existing finance contracts to a third party lender and at the same time amending its credit facility.
April sees largest month-on-month increase in construction activity for 10 years.
Liugong has held a ceremony to mark the sale of its 200000th machine and its 15000th overseas sale as well as setting out ambitious plans for future growth.
Acquisitions will enhance the company's geographic reach in its Russian home market.
Inframed hopes to invest € 1 billion in the region, with an emphasis on Egypt and Morocco
Palfinger's 2010 first quarter revenues trailed behind figures from the same period in 2009 but EBIT pulled the company into the positive
Spanish bank Banesto has taken control of rental company HUNE and will try to restructure its €500 million of debt.
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