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Peruvian reconstruction to cost US$ 220 million Rebuilding towns along Peru’s central coast following last week's earthquake will cost about US$ 220 million, said Peru’s economy minister Luis Carranza. Speaking on Radioprogramas radio he said that while this was a “preliminary figure”, strong economic growth this year would help foot the bill. The US$ 220 million is seen as the estimated cost of new housing, energy, transportation, educat . . . more | |||||
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| West African infrastructure boost West Africa’s Economic and Monetary Union (UEMOA) is to invest US$ 6 billion on regional infrastructure over five years in an effort to raise living standards and curb youth emigration, acco . . . more |
| Holcim to build Indian stake Holcim has announced it is to acquire a majority stake in India’s Ambuja cement. It plans to take its stake from 32.3% to more than 56% through private and public offers. It will spend US$ 1 . . . more |
| Canadian profits to peak Profits in Canada’s non-residential construction industry are expected to overcome rising costs to peak at CA$ 2 billion (US$ 1.88 billion) in 2007, according to the latest report by the Con . . . more |
| Nordic market drives NCC profits NCC’s operating profit climbed +78% to SEK 1,26 billion (€ 135 million) in the first half of the year, compared to the same period in 2006. Its sales revenues were up +15% to SEK 26,9 billio . . . more |
| Italian equipment sales climb Sales of construction equipment in Italy grew +8,4% in the first half of the year compared to the same period in 2006, according to Comamoter, the Italian association of earth moving equipme . . . more |
 HOK ‘s Kazakhstan luxury escapeWork on HOK International’s master planned Medeu Valley village and ski resort in Kazakstan has started. Developed by international property developer Capital Partners it is being touted . . . more |
| Continued success at Tiong Woon Tiong Woon Corporation Holdings’ crane divisions made a significant showing in the company’s figures for the financial year ending June 2007. The group’s net profit after tax and minority . . . more |
 New generation Liebherr in the UKCrane rental company Marsh Plant Holdings has taken delivery of one of the UK’s first new generation Liebherr LTM 1130-5.1 all terrains. It forms a major investment in new Liebherr cranes . . . more |
| Wind in Smit’s sails Dutch offshore heavy lift and maritime services company Smit Internationale NV saw profits leap in the first half of 2007, not least in its more volatile Transport and Heavy Lift division. . . . more |
| Cargotec buy-out banned German competition authority Kartelamt has banned Cargotec from buying CVS Ferrari claiming the deal was uncompetitive. Cargo handling solutions company Cargotec, which owns Hiab, Kalmar . . . more |
| Galvanizing Street's market UK overhead crane supplier to the steel, stockholding, fabrication and coating industries, Street Crane Company, is celebrating orders from two galvanizing firms. Wedge Galvanizing bought . . . more |
| Jost luffer launch Jost Cranes will launch a new flat top luffing jib tower crane in the UK this month. The company planned to show the LCL 20.1 hydraulic luffing tower crane at April’s Bauma exhibition but . . . more |
| Coates Hire decides against sale Coates Hire has decided against a sale of the company and said its board unanimously decided that the bids received had “failed on price”. Coates has been undergoing a strategic review si . . . more |
| Algeco initiated Scotsman merger It was Algeco’s owners who initiated the merger deal with Williams Scotsman, recently filed financial documents have revealed. Williams Scotsman’s 14A proxy statement regarding the propos . . . more |
| RSC adds ex-Joy Global man to board RSC Holdings Inc, parent company of RSC Equipment Rentals, has expanded its board of directors to 12 members with the appointment of Donald Roof as an independent director and member of its . . . more |
| Emeco director breaches share rules A non-executive director of Emeco, the Australian heavy equipment rentals specialist, has had to resign from his post after breaching the company’s share trading rules earlier this month. . . . more |
| Spalding to retire from Skyjack Lloyd Spalding is to retire as president of Skyjack Inc on 29 February 2008, the company announced on 24 August. He will be succeeded by Ken McDougall, a long-time employee at Linamar - Skyj . . . more |
 Solid German access marketThe recent Platformers’ Days exhibition in Hohenroda confirmed the continuing robust market for access equipment in Germany. JLG Deutschland’s managing director, Kai Schliephake, told AI . . . more |
 TA range expansion by PalfingerBison Palfinger exhibited an Economy series of its new 3.5 t TA range last week at Platformers’ Days show in Hohenroda, Germany. The series matches the 14, 17, 21, and 25 m working heigh . . . more |
| Appleton steps in for Europlatform Kevin Appleton, chief executive of Lavendon Group, will make a presentation on 'Responsible Financial Models for Access Rentals' at the Europlatform conference in Basel, Switzerland on 11 Se . . . more |
| Silos challenge blowdown plan Five malt storage silos in the port of Durban, South Africa, proved a challenging demolition for South African contractor Jet Demolition. The company reportedly rigged the silos with a total . . . more |
| Atlas Copco ups Balkans presence Atlas Copco is opening two new customer centres in Croatia and Bosnia-Herzegovina, scheduled to open on October 1st. Both result from the acquisition of three construction and mining equipme . . . more |
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