All Construction Articles
Plans for a US$ 4 billion, privately funded, high-speed rail link between Southern Nevada and California moved a step closer after a draft Environmental Impact Statement (EIS) was signed by the Federal Railroad Administration this week.
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.
Cemex’s sales for the first quarter of 2009 were down -32% to US$ 3.7 billion, compared to US$ 5.4 billion for the same period last year. Operating profit fell -29% to US$ 326 million, down from US$ 461 million in the first quarter of 2008.
Equipment from Doosan subsidiary Bobcat has been donated to the town of L'Aquilla, Italy for clearance work following the Abruzzo earthquake.
ALEC, a subsidiary of Abu Dhabi-based Al Jaber Group, has been awarded the AED 4.3 billion (US$ 1.17 billion) contract to build Concourse 3 at Dubai International Airport, according to a statement by the Dubai Aviation City Corporation.
Russian billionaire Oleg Deripaska is expected to give up his 25% stake in Strabag this week.
Heijmans has announced a restructuring plan that will see it focus on just the Netherlands plus the Belgian infrastructure market.
Japan's three largest construction equipment manufacturers expect sales to fall more than -20% this fiscal year. Operating profits are expected to halve again.
Hochtief Construction has signed the biggest order in its history for the construction of the 8 km long Barwa Commercial Avenue scheme in Doha, Qatar.
Revenues were down -15% for the year ending March 31 and a bigger fall is expected this year.
Maryvonne Lanoë, the director of the Intermat Exhibition, says she hopes the show will attract 200000 visitors.
Vögele has launched its Spray Jet module, a unit that can be added to its standard pavers for laying thin asphalt layers.
Caterpillar had a net loss of US$ 122 million for the first quarter of the year, due charges of US$ 558 million relating to job cuts.
Terex had a net loss of US $ 75 million for the first quarter of 2009, compared to a net profit of US$ 163 million for the first quarter of 2008. Sales were US$ 1.30 billion, a decrease of -45% from US$ 2.36 billion in the first quarter of 2008.
Shantui is developing a 100 hp (75 KW) hydrostatic drive dozer for the European market to complement its Stage IIIA compliant 120 kW SD16.
The value of construction in Romania increased by +34% nominally (+26% in real terms), to RON 83 billion (€ 22.5 billion) according to the latest report by research and consulting company PMR.
Olof Persson, the president and chief executive of Volvo Construction Equipment says the company is focusing on developing new technologies, despite the difficult market conditions.
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