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Dr Andreas Strecker, 56, has been appointed as a member of the board of management of DEUTZ, effective 1 March 2018. He will assume responsibility for finance, purchasing, human resources and information services from 1 April 2018, and will succeed former CFO Dr Margarete Haase (64), whose contract ends on 30 April 2018. Dr Strecker previously worked in managerial positions in the bus and controlling units of the Daimler Group, most notably for many years as the president and CEO of Daimler Buses North

The largest construction materials trader in the UK has acquired one of what is said to be London’s most successful and diverse companies serving the construction, quarrying and waste sectors. S Walsh & Sons, which partners with the major infrastructure companies for the removal, haulage, handling and recycling of construction and waste materials, has been acquired by GRS Group which was among the highest climbers the Sunday Times top track 250 growth companies in 2017. The acquisition provides GRS with

HeidelbergCement, the German global building materials giant, says it expects a negative balance sheet effect of around €200 million for 2017 due to major US tax reform signed off by President Donald Trump. A company statement read: “In the USA, a fundamental tax reform has become effective on 22 December 2017. An essential element of this tax reform is the reduction of the federal corporate tax rate from 35% to 21% as of the beginning of the year 2018. In addition, the regulations regarding the

Vulcan Materials (Vulcan) has announced the completion of its acquisition of Aggregates USA. Vulcan chief executive officer, Tom Hill, said the acquisition complements and expands the company’s footprint in Georgia, South Carolina and Florida. In addition, the transaction adds to Vulcan’s product offering and expands the company’s distribution network and service areas. The major deal includes three granite quarries in Georgia and 16 rail distribution yards in the three states. In accordance to its

Doosan is launching its new DL420CVT-5 Stage IV compliant wheeled loader, the first model in the South Korean manufacturer’s wheeled loader range to be equipped with a Continuously Variable Transmission (CVT). A CVT transmission is composed of a hydraulic motor combined with a hydraulic pump which provides a smooth and continuous speed variation. The CVT design is said to combine the benefits of a mechanical transmission and a hydrostatic transmission in the same machine. It allows the DL420CVT-5 to

EPC-UK, a leading company in the manufacture, storage and distribution of commercial explosives, and drilling and blasting services, for quarrying and other industries, has kicked off 2018 with a series of Safety Briefings, to help all employees re-focus after the festive season and ensure safety is at the forefront of everything they do. The two-hour Safety Kick-Off Briefings took place across all EPC-UK sites, and encouraged every employee to take the time to consider the importance of safety throughout

CRH, the Irish global building materials group, has completed the divestment of its Americas Distribution business to Beacon Roofing Supply for €2.2 billion (US$2.63 billion). It follows an agreement that was first announced on 24 August 2017. In 2016, Americas Distribution reported EBITDA of €150 million on sales of €2.3 billion, with profit before tax of €121 million. Its gross assets as of the first half of 2017 were €1.2 billion. It is thought the proceeds of the sale will help fund future CRH

HeidelbergCement subsidiary Italcementi has today completed the acquisition of Cementir Italia. All conditions for the closing of the transaction have been fulfilled following the approval by the Italian competition authority. “With the acquisition of Cementir Italia we significantly improve our nationwide presence in Italy,” explains Dr. Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. “For Italcementi, the acquisition is a unique opportunity to grow and consolidate its position in the

Metso, the Finnish global quarrying and mining equipment giant, has commented on US tax reform legislation signed off recently by president Donald Trump. A company statement read: “On December 22, 2017, President of the United States signed tax reform legislation which includes, among other things, a reduction in the USA federal corporate income tax rate from 35 percent to 21 percent from the beginning of the tax year 2018. “The change will have a favourable impact on Metso's effective tax rate going

Euro Auctions, a leading global market auctioneer of used industrial plant, construction machinery and agricultural equipment, topped the £200 million mark at its Leeds, England sales site this year for the first time. Staged every couple of months, each of the three-day auctions at Leeds consistently attract around 4,375 quality lots from 450 vendors. This in turn attracts around 2,100 bidder registrations, with many still preferring to attend the sales in person rather than bid online. “Demand for used