News

HeidelbergCement has priced a Eurobond issue (ISIN XS1549372420) under its €10 billion EMTN programme with an issuance volume of €750 million and a maturity date of 18 January 2021. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities.

The four-year bond bears a fixed coupon of 0.500% per annum. The issue price is at 99.822%, resulting in a yield to maturity of 0.545%. Joint Bookrunners of the transaction are Bank of America.

Cemex’s indirect subsidiary Sierra Trading (Sierra) is to make a revised shares offer worth over US$100 million in a bid to complete a takeover of Trinidad Cement (TC).

Full TC shareholders’ acceptance of the new offer of TT$5.07 in cash per TC share would result in a cash payment by Sierra of around TT$672 million (US$101 million). The Revised Offer Price represents a premium of 50% over the 1 December 2016 closing price of TC’s shares on the Trinidad and Tobago Stock Exchange. Except for shareholders o

Leading UK-based infrastructure services company FM Conway has acquired United Asphalt from Ross and Lisa Snape.

United Asphalt employs 32 staff and operates two asphalt plants, Theale in Berkshire, which is a mainly delivered plant, and Croydon in South London, which has been highly successful in the collect trade. Croydon also gives better coverage south of London, together with a recycling depot at Coltrop, Berkshire.

The Theale plant is rail fed and completes FM Conway’s aspirations of having a r

North Lincs Aggregates, a privately-owned UK company operating out of the Isle of Axholme, has purchased three new Volvo Construction Equipment machines with a further two on order. The purchases are said to be due to the performance and reliability of older Volvo shovels and dumptrucks the company has run since setting up at their Cove Farm facility near Doncaster 18 months ago.

The trio of new Volvo CE machines comprise an L150H loading shovel complete with a 4.4m³ re-handling bucket, a 25tonne EC250E

Scottish Highlands-based company G.F. Job is one of the first companies to trial the new Superior tooth jaw plates, designed and manufactured by Sandvik. The Superior plates are said to last twice as long as their predecessors, while also providing other key benefits.

G.F Job based in Nairn, Inverness offers a comprehensive range of services ranging from earthmoving, civil engineering, heavy haulage and recycling to contract crushing. The firm owns five quarries of its own and supplies aggregates to lea

Doosan-Bobcat, Hidromek, Mecalac and VF Venieri are important new additions to the list of exhibitors at the 30th edition of SaMoTer, the international earthmoving, site and building machinery exhibition being held at Veronafiere 22-25 February 2017.

The quartet join a list of confirmed exhibitors that already includes, among others, CASE CE, Hyundai, Kobelco, Komatsu, Eurocomach-Sampierana, Ihimer, Kubota, Takeuchi and Yanmar.

SaMoTer is the only B2B event in the European calendar for 2017 that full

Graham Imms has recently joined Halomec as technical sales manager for the Southeast of England.

Imms brings 20 years of industry experience in both technical and commercial roles with companies including Volvo Construction Equipment, Case Construction Equipment and John Hanlon. He will handle Halomec's complete portfolio of Trimble weighing and SKF/Lincoln automatic lubrication systems from a technical application and commercial perspective.

Having just completed an intensive induction and product t

Marangoni Retreading Systems has welcomed two new Turkish dealers and retreaders into its global sales network.

Basoglu, a retreading firm, is based in Devrek/Zonguldak, in the northern Turkey and, thanks to a good supply of premium new tyres, a professional service through dedicated vans, and premium retreaded tyres, is able to serve big and modern fleets. Recently, through the product RINGTREAD Blackline, Basoglu has been successfully supplying important international long haulage fleets.