6
NEWS
CONSTRUCTION EUROPE
DECEMBER 2013-JANUARY 2014
Volvo in €117 million
deal for Terex haulers
Haulers in 32 to 91 tonne range include
both rigid and articulated models
T
erex Corp has sold its UK rigid and articulated haulers business to Volvo
Construction Equipment for US$160 million (€116.6 million).
The deal, which is subject to regulatory approvals, includes the Terex plant
in Motherwell, UK, and a 25.2% share of Inner Mongolia North Hauler Joint Stock Co,
which produces and sells rigid haulers under the Terex brand in China.
The acquisition will give Volvo CE a range of rigid haulers in the 32 to 91 tonne
range, extending its coverage of the light mining sector. The Motherwell plant also
makes three articulated haulers – machines that Volvo already has, but which it said
would provide opportunities for growth in emerging economies.
Terex, which has been manufacturing trucks at Motherwell for more than 30 years,
said the business no longer fitted with its lifting and material handling business.
The business being sold reported revenues of $370 million (€269.6 million) in 2012
with operating profits of $33 million (€24 million), although profit levels have fallen
this year, with the first nine months of 2013 seeing sales of $172 million (€125.3
million) and operating profits of $5.5 million (€4 million).
Outgoing Volvo CE president Pat Olney said, “The addition of a well-respected range
of rigid haulers extends the earthmoving options for customers involved in light
mining applications at a time of renewed confidence in the sector.
”The addition of TEL’s articulated hauler range will enhance our position in this
segment, particularly in high-growth markets.”
The transaction is expected to be finalised during the second quarter of 2014.
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Demolitionsummit
presentations
Full coverage, including articles and videos, of the
World Demolition Summit and the 2013 World
Demolition Awards is now available on khl.com.
The event attracted almost 300 international
delegates to the NH Grand Hotel Krasnapolsky in
Amsterdam, the Netherlands, on 31 October.
The conference consisted of a mix of reports
detailing how some of the most challenging
demolition projects from around the world were
successfully carried out, along with papers covering
more general topics of specific interest to the world’s
demolition industry.
Footage of the speaker presentations, including
demolition case studies from Robert Klotzbach from
Environmental Resources Management, and Dick
Green from IndEx independent explosives engineers,
can be found at
Other speaker videos include the presentation by
Simone Bruni, president of Demo Diva Demolition,
economist Dominic Swords, commercial director at
Delair CFD Patrick Villard, and operations director at
Fabio Bruno Construccoes Fabio Bruno Pinto.
Meanwhile, the 2013 World Demolition Awards
celebrated the best that the demolition industry has
offered its clients in the construction sector over the
period from June 2012 to June 2013.
The top Award, Contract of the Year, went to
Scottish contractor Hunter Demolition for the work
it carried out in the heart of Glasgow, UK – see the
Demolition feature on page 35 of this issue.
For a full list of award winners and further coverage
of the event, go to
and search for “World Demolition
Summit”. Scan the QR code at the
end of this article to go straight to
the award winners’ story.
KHL.COM
This month’s podcast for
Construction Europe
will be available online within a few days of the
magazine’s publication. To listen, go to:
TEN-T challenge to EU states
EU Member States are
being challenged to
commit to new TEN-T
guidelines to connect
Europe by road and rail,
and to make certain that
the projects happen.
FIEC (the European
Construction Industry
Federation) said
it recognised the
opportunities created by
the Connecting Europe
Facility and the new
TEN-T guidelines revealed
in October.
European Union
financing for transport
infrastructure is set to
triple for the period 2014
to 2020 to €26 billion,
and new maps of the
major trans-European
corridors have been
drawn up.
Thomas Schleicher,
FIEC’s president, said,
“What’s crucial now is the
Member States’ political
commitment, in particular
if you consider that the
Council has softened
the Commission’s initial
proposal for a binding
target by 2030.
“Member States now
have to work seriously
on the projects they have
pushed forward.”
Schleicher said he
agreed with what MEP
Brian Simpson said in his
conclusions of the recent
TEN-T Days 2013, “namely
that as long as Member
States think purely
at national level, the
European Core Network
will not happen. Member
States have to start
thinking European.”
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A £200 million (€241.5 million) plan to regenerate
a housing estate in West London, UK, has been
approved, with more than 900 new homes to be
built. The Havelock Estate in Southall was originally
built in the 1950s and 1970s, and now Ealing
Council has approved a masterplan put forward
by Catalyst Housing, working with Pollard Thomas
Edwards architects (PTEa). The approved proposals
for Havelock will see 922 new homes built.
