All Business & Finance Articles
Hoctief's US subsidiary, Turner Construction, has been selected as the design builder for the expansion of Terminal 2 at the San Diego International Airport, California, US.
Perini reported first quarter pre-tax profits of US$ 62.6 million, up +56% on the US$ 40 million for the same period last year.
Heidelberg Cement reported a first quarter loss of -€ 195 million, down from the € 15 million profit recorded 12 months previously.
Australia's construction industry continued to decline in April, although the rate of contraction eased for a second consecutive month.
Spanish construction group Fomento De Construcciones Y Contratas (FCC) reported 2009 first quarter sales of € 2,7 billion, down -7,5% on the € 3 billion reported for the same period last year. Pre-tax profits for the group fell -33% to € 301 million, down from € 451 million 12 months previously.
Holcim recorded first quarter sales of € 4,5 billion, down -18% on the € 5,5 billion reported for the same period in 2008. Pre-tax profits for the quarter fell -33,7% to € 763 million, down from € 1,1 billion 12 months previously.
Lafarge recorded 2009 first quarter sales of € 3,6 billion, down -9% on the € 4 billion reported for the same period in 2008. Pre-tax profits for the period also dropped -35% to € 335 million, down from € 512 million 12 months previously.
First quarter sales for Cramo were €106.9 million, down 15.7% from the €126.7 million in the same period in 2008. Measured in local currencies, the decline was 6.7%.
Toyota has increased its stake in Takeuchi Manufacturing Co, the Japanese manufacturer of excavators, tracked loaders and tracked dump trucks. The two companies said they would extend their business alliance globally to grow the construction equipment sales of both companies.
United Rentals made a net loss of US$19 million in the first three months of the year with total revenues of $594 down 23% on the same period in 2008. The company shed 500 staff during the quarter, closed 10 depots and said a further 39 would be shut during the second quarter of the year.
First quarter 2009 net sales in the Manitowoc Cranes segment were US$672.9 million, down nearly 24% from $884.4 million in the first quarter of 2008.
It includes an 8% negative impact from foreign currency fluctuations. Crane segment operating earnings for the first quarter of 2009 decreased 58% to $56.5 million from $134.6 million in the same period last year
The UK's largest crane rental company, Ainscough Crane Hire Ltd, is entering the heavy lift crawler crane sector in a big way
Oleg Deripaska’s Basic Element holding company has given back its 25% stake in Strabag to other shareholders including the Haselsteiner family and Raiffeisen Bank to repay a debt.
Uncertainty over government support could lead to a 'junk' status for the Dubai, UAE-based developer.
Voies Navigables de France (VNF), the public body that manages and develops the country's 6700 km-long waterway network, has released the tender to construct the Seine Nord Europe (SNE) Canal.
Hoctief's US subsidiary Flatiron has won a series of contracts totalling US$ 134 million for new highway and bridge construction in Utah, California and Colarado
JLG Industries made a US$49.1 million operating loss on sales of $249.2 million for the three months to 31 March. Sales were down 69% from the $813.1 million revenues of the same period in 2008 and the loss increases to $941.6 million with the inclusion of previously announced asset impairment charges of $892.5 made on JLG during the quarter.
Strabag’s order backlog grew +23% in 2008 to a record € 13,2 billion. Sales were up +24% to € 12,2 billion, up from € 9,8 billion in 2007, but pre-tax profits fell -14% to € 270 million, down from € 312 million the previous year.
Some 147300 jobs in the US construction industry were lost in March. Year-on-year employment was down -13.2% to 6.38 million jobs - a fall of 973000.
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