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Off Highway Research expects sales of construction equipment in China to dip -6% this year, prior to growth over the coming four years.
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Granite Construction Incorporated, the parent company of Granite Construction Company, one of the largest heavy civil contractors and construction materials producers in the US, has appointed William H Powell as its new chairman.
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The Netherland’s Royal Boskalis Westminster reported first half sales of € 989 million, up +5,4% on the € 938 million recorded 12 months ago.
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Sales of construction equipment in India are likely to fall by -17% by the end of 2009 to 38240 units, compared to 46092 units recorded last year. However, this will be followed by "strong and sustained growth" for the next five years according to the latest report from Off-Highway Research.
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John Deere reported third quarter sales of US$ 4.6 billion, down -20.8% on the US$ 5.8 billion recorded for the same quarter last year.
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Pulte Homes and Centex shareholders approve merger, paving the way for the creation of the US’s largest home builder
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Shikun and Binui, the construction division of Israel’s leading infrastructure and real estate contractor, Arison Group, reported second quarter sales of ILS 1.12 billion (US$ 294 million), up +2% on the ILS 1.10 billion (US$ 289 million) recorded last year.
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Holcim report second quarter sales of € 3,6 billion, down -19,7% on the € 4,5 billion for the same quarter last year.
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Bauer has seen a -5,4% decrease in group sales in the first half of 2009 to € 681 million compared to € 719,5 million during the same period last year.
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The Kenya Electricity Generating Company (KenGen) has contracted Aggreko to provide an additional 140 MW of temporary power. Aggreko, which is already supplying 150 MW of power to the utility company, said the minimum 12 month contract was valued at over US$30 million.
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Continued weakness in the US construction market led Ahern Rentals to report a 26% fall in revenues to US$61.7 million for the three months to 30 June. Ahern made an operating loss of $87.9 million for the quarter.
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China's Sinohydro Corporation and state-owned EDL have signed an agreement to construct two HEP plants and a power transmission line.
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James Hardie reported first quarter 2010 sales of US$ 284 million, down -22% on the US$ 365 million recorded for the same period last year.
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South America is bucking the economic trend somewhat and there are positive signs for crane sales
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Ammann has acquired the asphalt finisher technology division of Antec and Italian Road Machinery for an undisclosed cash sum.
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Boart Longyear is aiming to raise up to US$ 635 million through a fully underwritten equity offer, which it anticipates will provide US$ 585 million after fees and expenses to reduce debt.
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SNC-Lavalin has acquired a 48% shareholding in Russia’s Oaovnipineft (VNP), an engineering company that specialises in oil refining, gas processing, petrochemicals and chemicals.
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Vinci, the world's largest contractor, has acquired the assets of the UK's Haymills Group, which went into administration on 13 August.
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Sauer-Danfoss and Topcon Positioning Systems are changing the TSD Integrated Controls joint venture operation to a strategic partnership.