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In the next three years, the Greek cement group Omilos Eterion Iraklis, part of the Switzerland-based group LafargeHolcim, will invest an amount of more than €20 million towards the implementation of its business plan initiatives, product innovations and its further growth within the Greek market.

Trimble is partnering with the University of Cambridge in England to collaborate on research to advance technology development in the engineering and construction industry. Trimble will work closely with the university’s Laing O’Rourke Centre Construction Information Technology Laboratory (CIT). CIT is a state-of-the-art research facility with a mission to solve complex engineering problems and automate difficult construction tasks with decision support tools. These cutting-edge tools will recognise data pa

IronPlanet and Cat Auction Services have staged their inaugural European unreserved public auction including quality used Caterpillar equipment. Hosted by Finning, the groundbreaking event was staged at Rockingham Motor Speedway near Corby, in Northamptonshire, England, on Wednesday 20 April 2016. Around 60% of bids for the large array of used Caterpillar from Finning equipment, as well as used equipment from a number of other leading OEMs including JCB, Doosan and Volvo, came from online customers from acr

Volvo Construction Equipment president Martin Weissburg believes the brand’s increasingly popular heavyweight champions will allow the industry giant to push for growth – despite flat sales in Q1 2016. “Our market share continues to increase in the heavy machine segment and the introduction of larger articulated haulers and excavators will generate significant productivity gains for customers and allow Volvo CE to enter new segments,” said Weissburg.

Hyundai Heavy Industries Group (HHI Group) has set an ambitious 2016 equipment sales target of US$22 billion (€19.46 billion).

And the Construction Equipment division of Hyundai Heavy Industries – part of the South Korean-headquartered HHI Group - is expecting Hyundai Heavy Industries Europe (HHI Europe) to play a key role in achieving this worldwide sales goal after its most successful year ever in 2015 – with more than 5,000 units sold and 8% growth in turnover for construction equipment and forklifts.

For the nine months ended March 2016, profits of Cherat Cement increased by 11% to PKR 1.04 billion (€8.8 million/US$9.93 million) from PKR 938.21 million in the same period of 2015 in Pakistan.

The company's total sales were reported at PKR 5.22 billion against PKR 4.72 billion in the period under review.

Earnings per share, however, declined 2.15% to PKR 5.91.

In August or September 2016, an initial public offering (IPO) will be launched by Waskita Beton Precast (Waskita Beton) in Indonesia.

Proceeds raised from the IPO will be used by the company for expansion.

It estimated that IDR 3 trillion (€201.65 million/US$227.53 million) to IDR 4 trillion will be raised by the concrete producer from the transaction.

The company is a Waskita Karya unit, and in 2016 output capacity will be raised by Waskita Beton to 2.4 million tonnes.

According to Lafarge Algérie, Algeria will produce a surplus of 2 million tonnes of cement in 2016, thus switching from cement importer to cement exporter.

The country will achieve this performance thanks to a 7 million tonne production increase of the three main cement producers, Lafarge, Gica and a private operator.

Lafarge will increase its gypsum production capacities in Algeria by 50% and open 15 Batistore construction material supermarkets by late 2016, while the Cilas cement plant of Biskra wil

Buzzi Unicem, the Italian construction materials specialist, has successfully carried out the placement of a bond with a nominal value of €500 million (US$564.16 million) and a seven-year duration.

The notes were placed exclusively with qualified investors, bearing a minimum denomination of €100,000 and a fixed annual coupon of 2.125%.

The emission price was 99.397% of the nominal value.

The placement was oversubscribed by six times the offer.

Standard & Poor's confirmed a BB+ rating for the not

China's Sinoma International Engineering has started work on Nigeria-based Dangote Group's cement plant in Nigeria's Edo state.

The deal is valued at US$278 million (€246.38 million).

Four, 6,000tonne/day production lines will be set up under the project.

Two of UK-based WCL Quarries’ machines have been given another 2,500 hours of undercarriage life, following a Finning repair and refurb.

The Cat D6T dozer runs at the Griff Quarry in county Warwickshire, while the D6R dozer is used at the Ketley site. The machines are essential to WCL Quarries’ operations and are used to fill in void spaces with inert materials, carry out compaction and leveling duties, as well as to support mixed recycling procedures.

The D6R was originally taken into Finning for

Saudi Aramco (Saudi Arabian Oil Company) has awarded an EPC (engineering, procurement and construction) contract to Canada-based SNC-Lavalin for the asphalt production expansion project at the Ras Tanura refinery.

Local subsidiary Saudi Arabian Kentz will handle the 18-month contract execution, which includes comprehensive engineering and detailed design, procurement, installation, construction and commissioning.

The expansion will increase the 22,000barrels/day asphalt production at Ras Tanura to 42

Mexican cement giant Cemex has posted sales of US$3.2 billion for Q1 2016, an increase of 3% on a like-for-like basis compared to the same quarter of 2015.

The company’s welcome sales rise was said to be due to higher prices of its products, in local currency terms, in most of its operations, as well as higher sales volumes in the US and Europe and AME&A regions.

Cemex’s operating EBITDA increased 12% year-on-year and on a like-for-like basis during the first quarter of 2016 to $583 million. And the

It is predicted that Poland's cement sales will reach 16 million tonnes in 2016, which will represent a 4-5% increase in comparison to 2015.

In 2017, the sales will grow further by 500,000tonnes owing to new road and rail investments implemented in the country.

However, it is emphasised that increased sales will not necessarily mean that the production of cement will also grow, and according to some scenarios, it might even drop. This is because exports of cement are predicted to increase.

Accordi