All Business & Finance Articles

Cement demand growth
Demand for cement in China will rise +5.1% annually to 1.3 billion tonnes by 2010, according to a report by the US- based Freedonia Group, Cement in China.
Caterpillar Q1 sales up +18 percent
Caterpillar's sales for the first quarter of the year were US$ 11.8 billion, a +18% increase on the first three months of 2007. Its net profit for the period was US$ 922 million, a +13% increase on 2007. Both figures were a record for the company.
Equipment focus
Off-Highway Research has opened an office in New Delhi
India: Booms and bottlenecks
India has ambitious plans to invest in all manner of infrastructure, from roads and rail to ports and power. However, skills shortages and a variety of other bottlenecks threaten progress. Chris Sleight reports.
Market view
Tom Riordan looks at the global equipment markets
Branching out
Terex has come a long way from its near extinction in the early 1990s to establish itself as no.3 in the global equipment market. But according to president and COO Tom Riordan, there is more to come, as it plans new factories and eyes new markets. Chris Sleight reports.
Steel certainty
New steel futures contracts being launched on the London Metal Exchange could help contractors enjoy more price certainty for rebar. Further down the line, the contracts may form the basis of a new system of global benchmark prices for rebar. Chris Sleight reports.
Atlas Copco acquires stake in Indian drilling companies
Atlas Copco (India) has agreement to acquire a 25% stake in Focus Rocbit and Prisma Roctools in India, subject to approval from the relevant authorities, for an undisclosed sum.
Telcon acquires 60 percent stake in Lebrero
Telcon, India's largest construction equipment manufacturer, has acquired a 60% stake in Spanish road building equipment maker Lebrero.
Australian construction activity declines
Australia's construction industry deteriorated in March, its first decline in seven months according to the Australian Industry Group (Ai Group).
Caterpillar moves into tunnelling
Caterpillar has acquired Lovat, a Canadian manufacturer of tunnel boring machines (TBMs) for an undisclosed sum.
Steel costs drive up Volvo's prices
Volvo Construction Equipment (Volvo CE) has announced it is raising the price of its machines and components by +5% to offset the impact of steep rises in base commodities, such as steel.
Cat to buy-out Mitsubishi
Cat has agreed to spend JPY 50 billion (US$ 500 million) to increase its share in Shin Caterpillar Mitsubishi (SCM) from 50% to 67%. The Japanese joint venture was set up between Caterpillar and Mitsubishi Heavy Industries in 1964 to manufacture and sell Caterpillar-branded equipment in Japan.
iC Top 200 - The world's largest construction companies 2007
This year sees little change at the top of the iC league table of the world's 200 largest construction companies, but further down there have been some major movers and significant new additions to this elite group. Chris Sleight reports.
Asphalt demand set to rise
US demand for asphalt is forecast to advance +1.7% to more than 38 million tonnes in 2011, according to a new study from The Freedonia Group.
Australia’s construction activity expands
Australia’s construction industry continued to expand in February, despite a slow down in the rate of growth.
Construction growth to slow
US recession will cool world market
Trillion dollar market
More than US$ 1 trillion worth of real estate projects are underway in the Arabian Gulf, according to Dubai–based research 'consultancy Proleads.
Record Q3
Caterpillar enjoyed its best third quarter ever this year, with sales of US$ 11.4 billion and profit of US$ 927 million for the three months ending September 30.
Record IPO
Strabag SE, Austria's largest contractor, raised € 1.33 billion (US$ 1.91 billion) in its October Initial Public Offering (IPO) of shares.
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