All Construction Articles
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.
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.
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.
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 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).
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.
Strabag has agreed to buy Deutsche Telekom's facilities management (FM) subsidiary, DeTelmmobillien. The business employs 6240 people and has annual revenues of € 1 billion.
Construction spending in China is expected to rise+ 9.2% per annum in real terms through 2012, according to the latest report by the Freedonia Group - Construction Outlook in China.
CNH's construction equipment sales rose +7.5% to US$ 2.61 million in the first half of the year, compared to the same period in 2007.
Bobcat has introduced the company’s smallest ever skid-steer loader in the shape of the S70. Replacing the company’s earlier 463 model the new S70 measures in with a trimmed width of just 901 mm.
Volvo Construction Equipment's sales for the first half of the year were up +27% compared to the first six months of 2007, to SEK 31,9 billion (€ 3,37 billion). Operating profit for the period was € 2,93 billion (€ 310 million), a +25% improvement.
London's Tate modern Gallery has unveiled new images of its proposed extension by architects Herzog & de Meuron.
Scottish and Southern Energy (SSE) has been granted planning permission to construct Europe's largest onshore windfarm. The UK£ 600 million (€ 756 million), 456 MW Clyde wind farm located between Biggar and Moffat in Southern Scotland, UK will comprise 152 turbines.
Caterpillar had its best second quarter ever this year, with sales up +20% to US$ 13.6 billion for April, May and June. It made a post-tax profit of US$ 1.11 billion for the quarter, a +34% increase on the same period in 2007.
Vietnam's Ministry of Planning and Investment has announced plans to invest $12.7 billion constructing urban railway systems in Hanoi and Ho Chi Minh City between now and 2020, with foreign capital accounting for 77% of the sum.
The Indian Government is to loan US$ 168 million to Sri Lanka to develop the island's railways sector, according to the country's Daily News.
Volvo Construction Equipment is moving production of its centre-post backhoe loader models to Mexico in a bid to reduce delivery lead times and currency risks.
Aggregates and road building equipment manufacturer Astec Industries had sales of US$ 541 million in the first half of the year, a +22% increase on the first half of 2007. Operating profit was up +14% to US$ 60 million.
Hyundai Heavy Industries Europe has opened a branch office in Bracknell, UK to support customers and dealers throughout the British Isles.
Hyundai will add backhoe loaders to its range next year and is actively seeking companies to acquire according to Eui-youl Lee, its executive vice president for sales and product support. The company also has firm plans to add articulated dump trucks (ADTs) to its range.
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