Australia's construction industry continued to decline in August, although the rate of contraction moderated for a third consecutive month, according to the latest report by the Australian Industry Group (Ai Group).
US Construction spending slipped -0.6% in July to US$ 1.08 trillion at a seasonally adjusted annual rate (SAAR), according to the latest report from the country's Census Bureau. Year-to-date (YTD) spending in the first seven months of 2008 was down -5.4% from the same period of 2007.
The Indian construction equipment market is set to grow +14% this year according to the latest report from Off-Highway Research. Last year's record volume of 50366 units is forecast to rise to 57350 machines in 2008.
Roger Brown of Genie Industries, one of the company’s founders, said it was still too early to tell how severe and long the current downturn in the AWP market would be, but said the industry – and Genie – was better prepared for a slowdown than in the past.
The Portland Cement Association's (PCA's) summer forecast for the US cement and construction industries says there will be a -7% decline in construction activity in 2009, following on from this year's -9% contraction.
German construction equipment and building material machinery manufacturers will see a +8% rise in sales revenues this year according to the German Engineering Federation (VDMA). However, the association expects a decline in 2009 from this peak of € 16,5 billion due to falling orders for construction equipment.
Kajima, Japan's largest contractor saw its net profit for the first quarter of the fiscal year rise +110% to JPY 6.5 billion (US$ 60 million) compared to the same period last year. The company's revenues were up +22.2% to JPY 412 billion (US$ 3.78 billion) for the three months to the end of June.
Australia's construction industry contracted for a fifth consecutive month in July according to the latest Australian Industry Group - Housing Industry Association (HIA) Performance of Construction Index (Australian PCI).
Lemminkäinen's sales for the first half of the year were up +24% on 2007 at € 1,09 billion. However, the company saw its profits slide compared to the first six months of 2007, with operating profit down -30% from € 24,3 million to € 31,8 million.
Heidelberg Cement's sales for the first half of the year stood at € 6,93 billion. This represented a rise of +66% on the same period in 2007, and was largely due to the inclusion of Hanson in the figures, following its acquisition in September last year.
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.
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).
It is not just noise and vibration issues that are driving hydraulic breaker development for Tramac (Montabert in Europe). Now part of DII attachments, the company told D&Ri that its North American customers are increasingly looking for improved reliability and ease of maintenance