News

US demand for precast concrete infrastructure construction products is expected to increase 4.4% annually to $2.4 billion by 2022, according to new market research by the Cleveland-based Freedonia Group.

Growth, says the Freedonia Group (Freedonia), will be fuelled by the need to repair the nation’s aging network of bridges, highways, roads and railroad tracks and increased adoption of precast concrete over less expensive site-poured concrete, as more government officials recognise that the long-term

BKT chairman and managing director Arvind Poddar is to be inducted into the Tire Industry Association’s (TIA) Hall of Fame.

The senior executive of the Indian global off-highway equipment tyre maker will be inducted into the TIA Hall of Fame during the Tyre Industry Honours Awards Ceremony event being staged at the Paris Las Vegas Hotel on 29 October 2018, one day before the opening of the 2018 SEMA Show, the leading automotive specialty and aftermarket fair, held in Las Vegas, USA.

Poddar was among a

DEUTZ, the German off-highway diesel engine manufacturer, is forecasting a rise in its revenue in 2018.

The company’s board of management said that based on a successful H1 2018 and the continuing strength of market demand, it expects revenue during the current financial year to reach €1.6 billion – up from €1.479 billion in 2017.

The new revenue forecast comes in the wake of an announcement of arbitration leading to the suspension of the six-week strike at the company’s important supplier, Neue Halbe

Holcim Philippines saw its sales rise by 18.5% to PHP 10.1bn (US£189.02mn) from PHP 8.6bn ($160.94mn) in Q2 2018.

However, the company’s net income over the same period slumped by 25% to PHP 868mn ($16.24mn), compared to the same three months of 2017.

On a six-month basis, Holcim Philippines’ net income dropped by 25% to PHP 1.57bn ($29.38mn), with operating EBITDA also lower by 24% to PHP 2.77bn ($51.84mn). In contrast, revenues rose 7.78% to PHP 18.75bn ($350.9mn).

“Our Q2 performance showed enco

CNH Industrial’s net sales increased by 16% in Q2 2018, mainly due to double-digit improvement in its construction and agricultural equipment businesses.

The Italian-headquartered, multi-industry group, whose Construction Equipment business includes the CASE Construction Equipment brand, also saw its second quarter consolidated revenues rise by 15% to US$8.045 billion, with net income up 73% to $408 million, or $0.29 per share. Meanwhile, CNH Industrial’s net industrial debt decreased by 33% to $1.3 bil

CEMEX UK has agreed a contract with GB Railfreight for the haulage of aggregates to key markets.

The contract is due to run until 2023. The company says the aggregates are a vital ingredient in the production of concrete and asphalt and in local construction.

In total CEMEX UK transports 2.6 million tonnes of aggregate by rail. It says this makes significant environmental savings - a 26-wagons train can transport 1,650tonnes by journey equivalent to 55 truck journeys.

The new contract will see GB

Franco Swiss global building materials giant LafargeHolcim saw its revenues grow by 6.2% in Q2 2018, with total net sales of €6.41 billion (CHF 7.442bn).

The Group’s first half of 2018 revenues also rose by 4.8% on a like-for-like basis. LafargeHolcim’s recurring EBITDA was up 1.5% for Q2, but down 1.4% in H1 2018 on a like-for-like basis.

Jan Jenisch, CEO of LafargeHolcim, said: “I am very satisfied with the sales growth we achieved in the first half of the year, especially as we gained momentum in t

CEMEX Latam Holdings (CLH) says its consolidated net sales reached US$280million during the second quarter of 2018, 8% lower than those in the same period of 2017.

Operating EBITDA reached US$62mn during the second quarter, 19% lower on a year-over-year basis.

During the second quarter of 2018, the company says consolidated domestic grey cement, ready-mixed and aggregates volumes decreased by 8%, 14% and 12%, respectively, compared to those in the second quarter of 2017. CLH’s consolidated prices in

Italian construction, quarrying and other business sectors giant CNH Industrial has concluded agreement with IBM to evolve digital infrastructure for core business processes.

This new multi-year agreement leverages on a company-wide digital enhancement, thanks to artificial intelligence and cloud technology features, to achieve best in class efficiencies in all core business processes from manufacturing to supply chain, sales & marketing, after sales and financial services. It marks an evolution for CNH

The UK’s Mineral Products Association (MPA) has welcomed the publication of the revised National Planning Policy Framework (NPPF) on the 24th July, which recognises that a sufficient supply of minerals is essential to provide the infrastructure, buildings, energy and goods that society relies upon.

The MPA has been pressing the UK government to recognise that minerals and mineral products, and the industry that supplies them, provide the foundations for the economy and our quality of life. The MPA says t

Weir Group has completed the US$1.285 billion acquisition of ESCO Corporation, the world’s leading provider of ground engaging tools for surface mining and infrastructure markets. It follows regulatory clearance for the transaction, which was first announced on 19 April 2018.

Commenting, Weir Group chief executive Jon Stanton said: “We are delighted to formally welcome ESCO to Weir. It is a great brand that is respected throughout the world for its quality, performance and reliability. ESCO’s strength

Lafarge Africa has recorded net sales of N162 billion (US$449.15bn) for the first half 2018 and N82 billion ($227.34mn) for the second quarter of 2018. This is an increase of 5% and 11% respectively compared to the corresponding period in 2017, mainly driven by Nigeria’s strong operational performance.

Lafarge Africa CEO Michel Puchercos said: “We continued to deliver strong margins in our Nigerian business as a result of our commercial and energy strategies. At the same time, our results were still affe