All Construction Articles

Endesa drives Acciona profits
Acciona's profits rose +180% in the first half of 2008 thanks to ownership of a stake in Spanish electricity company Endesa. The company's revenues were up +84% for the period.
John Deere launches new mid-sized excavator
John Deere has introduced the 8 tonne 75D mid-sized hydraulic excavator featuring a conventional boom, reduced tail swing with a 4.6m dig depth.
Royal Haskoning wins Dubai bridge design competition
Netherlands-based Royal Haskoning has won the competition to design a new cable stayed bridge for United Arab Emirate-based developer Nakheel.
Strabag forms Joint Venture with Russia’s PIK Group
Austria’s Strabag SE has formed a joint venture (JV) partnership with Russia’s leading real estate developer PIK Group. The agreement means that PIK and Strabag take equal equity stakes in a new JV company named ILBAU.
Medvedev proposes ‘innovation’ to tackle Russian labour shortage
Russian President Dmitry Medvedev has said that in order to counter the Russian labour deficit, the country needs to be innovative in its measures to boost both the efficiency and productivity of its existing workforce. Talking to business leaders, President Medvedev said, “The problem of the labour famine can only be solved by the government and business working together.”
Lafarge reports positive half year sales
Lafarge recorded first-half sales of € 9,07 billion, up +8% on the same period in 2007. Increased sales were matched by an improved operating income of € 1,61 billion, an +18% increase on the comparable period one year ago. The company also reported a strong improvement in its 2008 first half operating margin to +17,8% from +16,2% in the first six months of 2007.
Case equipment on show at Eagle Days
Case's ‘Eagle Days' event held in Balocco, Italy, provided customers and dealers with the opportunity to view and test-drive the company's range of construction machinery. Becca Wilkins reports.
Vinci reports healthy first half figures
Vinci reported revenues of € 15,7 billion for the first half of the year, a +15% rise on the same period in 2007. After reporting robust first quarter figures earlier this year, the company continued brisk trading in the second quarter to record a +13.2% increase in second quarter sales over the same period in 2007.
Chinese equipment sales up +24%
Construction equipment sales in China hit 173020 units in the first six months of the year - a +24% increase on the same period in 2007, according to the latest Chinese Market Report from Off-Highway Research.
Huge airport infrastructure investment announced for Brazil
Infraero, the Brazilian national airport authority, has launched a BRL 3.8 billion (US$ 2.4 billion) investment plan to upgrade the country’s airport infrastructure by 2010.
Asian sales lift Kobelco
Kobelco's construction machinery sales for the first quarter of the Japanese fiscal year (April to June) totalled JPY 88 billion (US$ 815 million), a +19% rise on the same period in 2007. Operating profit was up +68% to JPY 6,71 billion (US$ 62 million).
Strabag buys into materials sector
Strabag has announced plans to acquire Cemex's building materials businesses in Austria and Hungary, which employ 1012 people and had sales last year of € 257 million.
International Construction reports from Moscow's CTT Show
Confidence at Moscow's CTT Show (June 17 to 21) was high thanks to a booming economy and a planned US$ 570 billion investment in infrastructure. Richard High reports.
Site report: Heidelberg Cement's Gurovo Beton quarry
Located in the Tula region, 130 km south of Moscow, the formerly state-run Gurovo Beton quarry is undergoing a complete modernisation following its acquisition by HeidelbergCement in late 2006. Richard High reports.
Interview: Gaz Group's Natalia Alexeeva talks to International Construction
Established in 2005 following the restructuring of state-controlled automotive manufacturer RusPromAuto, but virtually unknown outside its home market, Russia's Gaz Group is now the largest domestic manufacturer of construction equipment in the country. Richard High reports.
Cuba to resume construction of national highway
Following an interruption of nearly two decades, Cuba is set to resume construction of the 600 km pan island national highway. Plans to complete a 60 km three lane section between the central provinces of Villa Clara and Sancti Spiritus have been submitted, with a completion date set for 2009 according to the Cuban news agency.
Regional report: Latin America
Brazil continues to lead Latin American infrastructure investment and is forecast to increase spending in the run up to the 2014 Football World Cup. Richard High reports.
Limitless ploughs ahead with Arabian Canal
More than 1.5 million m3 of sand, rock and earth - enough to fill 600 Olympic-size swimming pools - has been excavated for the Arabian Canal, the 75 km man-made waterway designed and managed by United Arab Emirates-based developer Limitless.
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