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Heidelberg attacks EU carbon trading plans
HeidelbergCement says the European Commission's planned extension of its emissions trading scheme in 2013 could threaten cement production in the EU.
Aecon records best ever quarter
Canadian construction Group Aecon recorded its best ever 3 months of trading in the third quarter of 2008. Revenues for July, August and September jumped +25% to CA$ 535 million (US$ 423 million) from CA$ 430 million (US$ 340 million) in the third quarter of 2007.
UK contract extends Harsco infrastructure wins
Harsco Corporation has received the $5 million (€4 million), follow-on contract as principal scaffolding subcontractor for construction of new facilities for the British Army. The two-year contract supports the next phase to build over 100 new structures at four garrisons on Salisbury Plain and in Aldershot.
Construction growth to slow to +2% in 2009
Global construction growth will slow to under +2% in 2009, according to economic forecasting company Global Insight. This will be the slowest growth rate since 2002, when the worldwide industry grew by just +0.1%, and a marked slowdown from the intervening years when global growth was between +4% and +6%.
Ritchie Bros holds first Polish auction
Ritchie Bros.' first-ever auction in Poland will offer more than 180 items of equipment from UK excavator rental company H.E. Services (Plant Hire) Ltd.
Volvo sales decelerate
Volvo Construction Equipment's latest results show sales growth has decelerated more rapidly than expected during the third quarter of 2008.
Volvo axes more jobs
Volvo Construction Equipment (VCE) has cut 850 jobs in Sweden due to the slow down in the global construction equipment market, the company said in a statement.
Scottish Coal orders Terex
Scottish Coal has taken delivery of the first 16 Terex TR100 rigid trucks of a 32 unit order. Delivered to its Pennyvenie opencast coal mine in Ayrshire, Scotland, the remaining 16 trucks will be delivered to the company’s Lanarkshire site later this year.
Atlas Copco announces record profits for third quarter
Sweden’s Atlas Copco reported revenues of SEK 18,4 billion (€ 1,6 billion) for the third quarter of 2008, a +12% increase on the same period last year.
Metso to supply crushing and screening system to Brazil
Metso is set to supply a complete crushing and screening system to Construtora Norberto Odebrecht for the Santo Antônio project in Rondônia State, Brazil.
Eve Trakway buys tent linings company
Eve Trakway, the UK-based company that specialises in renting temporary roadways and ground coverings, has acquired Fluid Event Interiors, a £1 million revenue company that rents interior linings for temporary structures, venues and exhibitions.
Pulte Homes reports reduced losses
Pulte Homes, one of America’s largest home builders, reported a third quarter net loss of –US$ 280 million, a marked improvement on the –US$ 788 million net loss recorded in the third quarter of 2007.
Vp buys UK's Power Tool Supplies
UK rental company Vp plc has acquired Power Tool Supplies Ltd (PTS), a small rental and sales company in Brighton on the south coast of England.
Haulotte's third quarter sales fall
Today (23 October) Haulotte announced its third quarter sales results: consolidated sales for this quarter were €118.1 million compared to €127.1 million last year. This brings sales for the first nine months of 2008 to €376.8 million a 10% decline from the same period in 2007.
Staff go at Terex as profits drop
Terex announced job cuts as it reported financial results for the third quarter of 2008. The results showed a US$ 2.2 million charge associated with reducing staff levels with further reductions pending.
Terex cuts 18% of AWP workforce and forecasts up to 40% AWP sales fall
Terex’s AWP division is to cut around 18% of its 5000 worldwide workforce over the final three months of the year in the face of continued weakness in its North American and Western European markets, with the brunt of the lay-offs at its Redmond and Moses Lake plants in Washington State, with 375 and 100 lay-offs, respectively.
Russian construction hit by global financial crisis
The booming Russian construction industry has succumbed to the global credit squeeze and slowed after a significant turn in business confidence in the past weeks according to PMR, a market research organisation specialising in Central and Eastern Europe.
Astec results point to strong 2008
Astec Industries had sales of US$ 237 million in the third quarter of the year, up +15% on the same period last year. There was particularly strong growth in the compny’s international sales, which were up +37% to US$ 102 million – 43% of the total.
Kone numbers up but orders slow
Elevator and escalator manufacturer Kone saw its sales rise +16% in the third quarter to € 1,12 billion, compared to the same period last year. Operating profit was up +13% to € 146 million.
Caterpillar reports increased sales but drop in profits
Caterpillar reported record third quarter sales of US$ 12.9 billion, up +13% on the US$ 11.4 billion recorded in the same period in 2007. Despite increased sales, profits after tax fell -6% from US$ 927 million in the third quarter of 2007 to US$ 868 million in 2008.
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