Europe

Metso Outotec’s Annual General Meeting (AGM) yesterday approved the Board of Directors’ proposal to change the company name to Metso Corporation.

Italian Infrastructure & Transport Minister Matteo Salvini praised the positive work of the country's construction sector during a speech on the first day of the 31st edition of the triennial SaMoTer construction and quarrying machinery exhibition.

The global construction industry’s growth is forecast to remain sluggish in 2023, expanding by just 0.8%. Excluding China, the industry will contract by 0.1% due to the weak economic backdrop and additional challenges specific to the global construction industry, notably high construction material costs and labour shortages, says GlobalData, a leading data and analytics company. 

Off-road drive systems company DEUTZ says that it has finalised the comprehensive cooperation with Daimler Truck that was first announced in January. 

SaMoTer is back with its 31st edition, hallmarked by innovation. The triennial international construction machinery exhibition runs from today until Sunday, 7 May, at Veronafiere: the five-day event with 536 sector companies at the forefront (115 international from 23 countries). Visitors can tour six halls for a total show area of more than 50,000m2, joined by three outdoor areas for displays and dynamic demo areas.

Epiroc had a strong first quarter with a record order intake valued at SEK 15,148mn (€1.331bn +10%), including a strong contribution from acquisitions. 

Finning UK & Ireland, the world’s largest dealer of Cat machines and equipment, last year doubled its sales of Cat GC, which provide reliability and fuel efficiency at a lower cost per hour as customers seek to balance sustainability with affordability.