All General Articles

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.
Atlas Copco expects infrastructure boost
Atlas Copco expects a string of major infrastructure projects to come on line in the next few months as Governments around the world look to stimulate their economies in the face of the global economic slowdown.
Acciona and ACS win CA$ 1.5 billion concession
Spain's ACS and Acciona have signed an agreement with Quebec's Ministry of Transport to design, build, operate and maintain a 42 km long extension to the A-30 under a public-private partnership (PPP).
Positive results for Southern Province Cement
Southern Province Cement Co, Saudi Arabia's second-largest cement producer by market value, posted a +19.5% rise in second-quarter net profit, according to a company statement.
Record fall in US construction jobs
The latest figures from the US Bureau of Labor Statistics (BLS) shows employment in the US construction industry fell to 7.26 million jobs in May. This was -5.05% lower than in May 2007.
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.
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.
Sany branches out
The first Chinese-owned construction equipment factory on US soil is under construction
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