All General Articles

Sauer-Danfoss and Topcon realign relationship
Sauer-Danfoss and Topcon Positioning Systems are changing the TSD Integrated Controls joint venture operation to a strategic partnership.
Terex pays US$ 8 million fraud fine
Terex has agreed to pay a US$ 8 million fine to the US Securities and Exchange Commission (SEC) relating to several cases of accounting fraud between 2000 and 2004.
McCullough to head CNH construction
Individual brands will be maintained, but internal management merged into one organisation in CNH internal shake-up.
BEML opens assembly facility in Brazil
BEML has established an assembly unit - BEML Brasil Industrial - in Rio De Janeiro, Brazil.
Zoomlion's Gold Coast
Zoomlion Australia-New Zealand and Zoomlion Finance and Leasing (Australia) hosted an opening ceremony last month to cement the Chinese manufacturer’s presence in the region.
NFM Technologies office opens in Shenzhen
NFM Technologies has opened a new office in Shenzhen, China for after sales, service, maintenance and support.
China's Liugong plans Latin American expansion
LiuGong Machinery Corp. is to open a Latin American headquarters in Belo Horizonte, Brazil.
Perini name change
Share holders have approved Perini's proposal to change the company's name to Tutor Perini.
0.9 million construction jobs lost in US
US Bureau of Labor Statistics show Arizona, Florida and Vermont were hardest hit in percentage terms.
S&P downgrades Emaar
Ratings agency Standard & Poor's (S&P) has downgraded Emaar's long-term corporate credit rating to BBB+ from A-.
Metso expands Chinese crusher factory
Metso has expanded its crusher manufacturing facilities in Tianjin, China, which will double production capacity at the plant. The expansion strengthens the facility's position as one of the main manufacturing units in Metso's construction business line.
Terex renegotiates debts and contemplates divestments
Terex has renegotiated its credit agreements and is now considering its options for two loss-making divisions.
Komatsu to cut jobs and production
Komatsu has announced production cuts, with six of its ten Japanese factories slowing down to two-day weeks. In addition it will cut 2000 jobs outside Japan.
Emaar subsidiary John Laing Homes files for Chapter 11
US house builder John Laing Homes has filed for Chapter 11 bankruptcy protection. The company is owned by Dubai, UAE-based real estate developer Emaar Properties.
Wacker Neuson adopts SE status
Wacker Neuson has completed one of the final steps in changing from a German Aktiengesellschaft (AG) company to the European Societas Europaea (SE) form of incorporation.
More job losses at Caterpillar
Caterpillar is axing production jobs at its Illinois-based Aurora, Decatur and East Peoria manufacturing facilities to "bring production levels in line with current demand."
US stimulus package clears first hurdle
The US House of Representatives has approved President Obama's proposed US$ 825 billion stimulus package, which includes US$ 130 billion of construction investment.
Halliburton to pay US$ 559 million fine for KBR bribes
Halliburton has agreed to pay fines totalling US$ 559 million in relation to bribes paid by its former subsidiary KBR.
US construction materials inflation at six-year low
Prices for materials and other inputs into the US construction industry rose at their slowest rate since 2002 last year.
Komatsu plans major expansion in China
Komatsu has announced plans for a major expansion in China including relocating its Komatsu (Changzhou) Construction Machinery operations, building a new plant, and establishing the KC Techno Center.
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