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Lafarge has acquired Orascom Cement, a major cement producer in the Middle East, for € 8.8 billion (US$ 12.9 billion). Lafarge will also assume € 1.4 billion (US$ 2.1 billion) of debt, for a total price tag of € 10.2 billion (US$ 15 billion). The deal will add 35 million tonnes . . . more | |||||
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 Visitor numbers up at ConExpo AsiaMore than 28000 register visitors attended last week’s ConExpo Asia construction equipment exhibition in Guangzhou, China. Organised by the US-based Association of Equipment Manufacturer . . . more |
| Saudi Arabia to channel US$ 54 billion on water Saudi Arabia plans to spend up to $54 billion by 2020 on expanding and operating its water network, according to a report by Arabian Business News. Speaking at the Meed Wastewater Treatme . . . more |
| US$ 1.15 billion for Pakistan's roads and reform The Asian Development Bank (ADB) is to loan Pakistan up to US$ 1.15 billion to expand its key north-south highway network and for public sector reforms in the Punjab province, according to a . . . more |
| Skanska's Graham to step down in 2008 Stuart Graham, Skanska’s president and CEO has announced he plans to step in 2008. He will remain in the job until the company has found a successor. Mr Graham has held the post of presid . . . more |
| EIffage MD makes sudden exit Benoit Heitz has resigned as Managing Director of Eiffage, just eight months after taking up the job. Citing “personal reasons”, his unexpected departure after more than 20 years with Eiffag . . . more |
| Buildmax acquires Buildco Group Construction material-manufacturer Buildmax said it will expand its existing product range and grow its revenue to over ZAR 1 billion (US$ 150 million) with the acquisition of the Buildco Gr . . . more |
| Convoi sells to Mammoet International heavy lift and transport specialist Mammoet will acquire the lifting and maintenance support divisions of Convoi B.V. From 1 January 2008 Mammoet Nederland B.V. will take ov . . . more |
| Yongmao applies for public listing Chinese tower crane manufacturer Fushun Yongmao has applied to the Singapore Stock Exchange to make an initial public offer (IPO) of its shares. The application was made by Sunfield Inves . . . more |
| Mixed figures for Ocean Heavy Lift Ocean Heavy Lift ASA (OHL) saw strong gross revenues and earnings in the third quarter of 2007, but recorded a net loss overall. The heavy lift vessel operator, based in Norway, recorded . . . more |
| New Manitowoc Care in China Manitowoc Crane Care has opened its fifth service centre, at the company’s Zhangjiagang plant in China. The centre offers a single point of contact for owners of Potain tower cranes, Grov . . . more |
 Virtual safety cage from HiabKnuckle boom crane manufacturer Hiab has launched an operator protection system in Europe that creates a ‘virtual safety cage’. The Hiab OPS (operator protection system) virtually elimina . . . more |
| Ashtead says US remains strong Ashtead Group said its US operation, Sunbelt Rentals, continued to see strong demand for its rental services and that prospects remained strong in the medium term. Its UK business, A-Plant, . . . more |
 Komatsu Utility to fit Komtrax Komatsu Utility Europe, which makes compact equipment, is to fit the Komtrax satellite tracking system as standard to its entire range of machines above 1,5 t. The system, which has been . . . more |
| Jaston buys HuurCenter and Bollen Netherlands rental company Jaston Group has acquired HuurCenter, the rental business owned by building materials supplier Pontmeyer, and Bollen bouwmachineverhuur, a family owned rental comp . . . more |
| Komatsu Rents now SMS Rents Canada’s Komatsu Rents has changed its name to SMS Rents. The change follows the renaming of its parent, Komatsu Canada, to SMS Construction and Mining Systems on 1 October. The name chan . . . more |
| Coates shareholders to vote on 17th Coates Hire has upgraded its forecast for its financial year to the end of June 2008, saying in a trading statement that operating profits will increase by 20% over last year compared to the . . . more |
| Speedy helps rehabilitate prisoners UK rental company Speedy Hire is training prisoners to repair and maintain equipment under a rehabilitation scheme being run with the UK Prison Service. Over 100 serving prisoners are bei . . . more |
| Malthus to buy Estonian company Norwegian company Malthus is to strengthen its access sales division by acquiring Estonian company Back Up Equipment, which sells and services equipment including Omme, Hinowa and Bomag. . . . more |
| Skyjack to train regulatory bodies Government regulatory bodies, such as OSHA, now have the benefit of attending Skyjack’s approved Aerial Work Platforms Training (AWPT) course at two facilities (Chicago and Guelph, ON). The . . . more |
| UpRight considering Chinese Office UpRight is considering setting up a wholly-owned sales office in China. Sales & marketing director Richard Tindale told AI, “We’re highly likely to establish a sales office within a short ti . . . more |
| CA ServicePlus center opens Local aftermarket support is now available to JLG customers in California, Nevada and Arizona. The manufacturer has opened its fourth ServicePlus Center in Riverside, CA that provides equipm . . . more |
 Komatsu ups telehandler productionKomatsu Utility Europe has created a dedicated production line for telehandlers at its Este facility in northern Italy and said it hoped the increased production capacity would allow it to m . . . more |
| UK scaffolder wins award Sharon Winter, founder of UK scaffolder Supa Scaffolding, has received a NatWest everywoman Athena Award for outstanding entrepreneurial success by a woman aged 36 to 49. Supa Scaffolding . . . more |
| Demolition disaster in Dhaka Demolition work being carried out in Dhaka, Bangladesh, was reportedly the cause of the collapse of the internal floors of the 22 storey Rangs Bhaban building that killed four workers and in . . . more |
 Lokotrack range extendedWith a maximum throughput of more than 400 tonnes per hour, Metso’s LT116 jaw crusher has joined the company’s Lokotrack range of mobile crushing equipment. The machine is fitted with Metso’ . . . more |
 Heavy weight toolsDemolition attachment manufacturers are now seeing a growing demand for larger and therefore heavier demolition attachments for use on even the largest high reach equipment, which traditiona . . . more |
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