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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.
SNC acquires Laboratoire Sol et Béton
SNC-Lavalin's Canadian subsidiary, Groupe Qualitas, has acquired Laboratoire Sol et Béton L.S.B., a company that specializes in material and geotechnical engineering. No financial details of the transaction were given.
Komatsu hits record highs
Komatsu posted first quarter sales of JPY 607 billion (US$ 5.7 billion), a +12.2% increase on the same period in 2007. In line with improved sales, operating profit also increased by +4.5% on 2007 first quarter figures as the company benefited particularly from sales in emerging economies such as China, Indonesia and the Middle East. In the construction, mining and utility equipment sector, Komatsu reported a +6.4% increase in sales against the 2007 first quarter to JPY 534 billion (US$ 5.0 billion).
Housing hampers Gehl
Gehl saw its sales for the first half of the year fall -33% compared to 2007 due to the sharp downturn in US residential construction. Operating profit for the compact equipment specialist was down -59% to US$ 10.1 million for the first half of the year.
New images of London's 2012 Olympic Park
The London 2012 Olympic Delivery Authority (ODA) has released new aerial photos of the venues in the Olympic Park to mark "Four Years to Go" until the opening ceremony on 27 July 2008.
New terminal plans for Saudi airport
A new state of the art terminal featuring 74 jet bridges for foreign and Saudi planes will be built at King Abdul Aziz International Airport (KAIA) in Jeddah.
Komatsu launches new articulated dump truck for the European market
Komatsu has introduced the new Stage IIIA HM250-2 articulated dump truck (ADT) to the European market.
Abu Dhabi tunnel gets underway
Construction work begun this week in Abu Dhabi on what is likely to be the Middle East’s longest road tunnel, stretching three kilometres underneath the capital of the United Arab Emirates.
Crossrail approved by UK Parliament
UK Members of Parliament (MPs) have approved the UK£ 16 billion (€ 20 billion) Crossrail project, the largest addition to the transport network in London and South East UK for more than 50 years.
Mining drives Metso gains
Metso Minerals had sales of € 1,32 million in the first half of the year, a +11% increase on the first six months of 2007. The division's operating profit was up 12% to € 183 million.
Continued growth for Cemex
Cemex’s results show a +29% net sales increase to US$ 6.3 billion in the second quarter of 2008 compared to the US$ 4.9 billion figure of the same period last year. Operating income increased by +12% as the company’s higher sales were attributed to the integration of Rinker as well as better supply-demand dynamics in most markets.
Terex sees +21% sales rise
Terex posted sales of US$ 5.29 billion for the first six months of 2008 - a record, and a +21% increase on the same period in 2007. In line with these positive sales figures, operating profit also jumped +38% from US$ 288 million in first half results of 2007 to US$ 399 million for six months in 2008.
EXCLUSIVE: Spanish contractors climb CE-100 league table
Ten out of 11 of Spain's largest construction companies improved their standings in this year's CE-100, the league table of Europe's largest contractors.
Sharp fall in European equipment sales
The mid-year review from forecasting company Off-Highway Research predicts a -19% fall in European construction equipment sales this year. The steepest declines will be seen in Ireland, Spain and the UK.
European construction to dip this year
Euroconstruct has revised its forecast for construction output in Europe downwards this year. Whereas it previously expected modest growth, the group of economic forecasting companies now expects a fall in output. Chris Sleight reports.
Skanska unaffected by market uncertainty
Skanska had sales of SEK 68,6 billion (€ 7,26 billion) in the first half of the year, a +7% increase on January to June 2007. Operating profit was up +10% to SEK 2,42 billion (€ 257 million).
CE Barometer July 2008: Sentiment signals recession in Europe
A sharp drop in confidence in July meant the results of the month’s CE Barometer survey point towards a recession in European construction. Chris Sleight reports.
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