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Canada: residential construction up +8.5% Total investment in Canada’s residential construction sector - new housing, renovation, and acquisition costs - increased +8.5% to CA$ 79.8 billion (US$ 67.6 billion) in 2006, the eighth consecutive annual increase and a record high value, according to the latest report by Statistics Canada. The agency said the main factors that contributed to such strong demand for housing were the “dynamic” e . . . more | |||||
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| CRH offer for Gétaz Romang CRH has made a CHF 540 million (€ 336 million) offer to acquire Gétaz Romang, a building materials distribution business in Switzerland. The deal has been recommended by the company’s board, . . . more |
| Heidelberg to sell Vicat stake Heidelberg Cement has announced plans to sell its 35% stake in the Vicat Group. The disposal will be made by both public and private sales, and is expected to raise proceeds of about € 1,4 b . . . more |
| US$ 1.2 billion for Argentina's roads The Inter-American Development Bank (IADB) is to lend Argentina US$ 1.2 billion for a programme to improve, expand and rehabilitate the road network in the northern provinces of the country. . . . more |
| New Orleans to claim US$ 77 billion The city of New Orleans has filed a compensation claim for US$ 77 billion from the US Army Corps of Engineers for damages caused by flooding after levees built by the Corps collapsed during . . . more |
 New tower for London's CityUK-based SMC Alsop has unveiled designs for a 43-storey tower on London’s City Road. The tower, for developers Enddora Holdings Ltd, part of the Access Self Storage Group, sits on the ed . . . more |
| Construction shares fall -8% in a week Construction Europe’s CET Index of European construction shares fell -7,98% last week in response to the widespread sell-off seen on the world’s stock markets. The fall in share price . . . more |
 Wolffkran and Streif partnershipStreif Baulogistik and Wolffkran have signed a marketing partnership agreement for the Ukrainian market. A fleet of tower cranes will be set up for hire in the Ukraine and Eastern Europe. Wo . . . more |
 Modelshow Europe next monthThe 15th Modelshow Europe exhibition will be held on 21 April 2007. Scale models of cranes, heavy haulage and earth moving machinery will be on show in the flower auction room at Bemmel (the . . . more |
| Crane drivers in TV documentaries A series of documentary films about crane drivers will be shown on UK television. City of Cranes, by Odd Girl Out Productions, looks at London’s changing landscape through the eyes and words . . . more |
| MacGregor JV set up in Vietnam Marine crane manufacturer MacGregor and Vietnam Shipbuilding Industry Group (Vinashin) have agreed a joint venture for the production of cranes and hatch covers. MacGregor has a 49% stak . . . more |
| United gets Smart on e-Procurement United Rentals is to use SmartEquip’s e-Procurement Enterprise System to manage its purchasing. The technology will cover not just United’s dealings with equipment manufacturers, but also it . . . more |
 Cramo ends Cat Rental Store linksCramo is removing Cat Rental Store (CRS) branding on all the stores that currently use the name, including the Nordic countries. The company has decided to opt for the single Cramo brand . . . more |
 Online consumer rental site opensTim Gibbs, pictured, launched a UK online rental site on 1 March where consumers and businesses can rent anything they own to make extra money. The Hire Hub site (www.thehirehub.co.uk) a . . . more |
| Acquisitions drive Lavendon profits Access rental company Lavendon’s three UK acquisitions, made in the first half of 2006, led its reported £2.2 (€3.3) rise in operating profits for the year. The Leicestershire, UK-based c . . . more |
| Terex Utilities appoints Phil Allan Terex Utilities is returning to the European market and has appointed Phil Allan’s Allan Access Ltd as UK and Ireland dealer for its insulated and utility aerial products. Allan Access will . . . more |
 IR deal gives Volvo telehandlersVolvo Construction Equipment’s (VCE) proposed acquisition of Ingersoll Rand’s road building division for US$1,3 billion (€1,0 billion) will boost the company’s rental business in North Ameri . . . more |
| GSR expands range Italian company GSR will launch next month a 17.1 m working height, three-section telescopic boom for light commercial vehicles. The machine will provide up to11.2 m of lateral outreach and . . . more |
| Genie gets Volvo Rents accolade Volvo Rents has named Genie Industries as its 2006 Vendor of the Year. Genie sells both aerial platforms and telehandlers to Volvo’s rental franchise network in the Americas. Mike Crouch, . . . more |
| EDA announces Bilbao dates The Northern Spanish city of Bilbao, and more specifically the Gran Hotel Domine, will be the venue for the EDA’s summer conference on 7 – 10 June 2007. As normal for Association events, th . . . more |
| WRAP plasterboard initiative The UK’s Waste and Resources Action Programme (WRAP) has launched a second Capital Support competition, with the aim of encouraging greater recovery and recycling of plasterboard through gro . . . more |
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