News

Construction output in North America is forecast to grow by 2.4% in 2022 despite rising material prices and interest rate hikes, according to market analyst GlobalData.

Holcim has acquired Teko Mining Serbia, one of the country's largest independent aggregates companies, with estimated 2022 net sales of over Є20 million.

Metso Outotec has been winding down its business operations and customer contracts in Russia during the second quarter, in line with the company’s disclosure in its January-March 2022 interim report.

The construction industry added 13,000 jobs on net in June, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Bureau of Labor Statistics.

Excavator attachment manufacturer engcon has started a listing on the Nasdaq Stockholm Stock Exchange.

CEMEX has acquired a 53% stake in German aggregates company ProStein. The investment expands CEMEX's aggregates business in the region while increasing the lifespan of its aggregates reserves in Europe. The company's aggregates sales in Germany are expected to double with the acquisition.

​​​​​​​Holcim has acquired General Beton Romania, a key national player in ready-mix concrete, with 2022 estimated net sales of €45 million.

CRH says it has completed the US$1.9 billion acquisition of Barrette Outdoor Living, a major North America provider of residential fencing and railing solutions.

Doosan will display its latest machine and digital technologies on the company’s stand at the bauma 2022 show in Munich from 24-30 October 2022.

Austria-headquartered mobile crushing and screening plant manufacturer Rubble Master is expanding its operations in Northern Ireland, taking on more employees and premiering a new hybrid screen to be produced locally.

Breedon Group, a leading vertically-integrated construction materials group in Great Britain and Ireland, has acquired Thomas Bow Limited from Nottingham City Council.

Turkey’s trade deficit grew by 155.2% year-on-year (YoY) in May 2022, driven by a relative rise in the value of imports to exports owing primarily to a steep increase in the cost of imported energy. However, strong demand for real estate is expected to partially offset the construction industry’s weakness this year, says GlobalData, a leading data and analytics company.