News

Cemex has closed the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately €160.1 million.

The transaction was originally announced on 12 August, 2015.

The Austrian operations consist of 24 aggregate quarries (approximately 6.47 million tonnes of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60 million m³ of ready-mix sold in 2014).

Cemex’s operations in Austria had net sales of approximately US$241 million (€219 million) in 2014.

The Hunga

A plant will be constructed by Semen Indonesia (Semen) with up to US$360 million (€327.01 million) in investment.

Work is expected to start some time in 2016, and a local partner has been secured by the company for the project. It is anticipated that some 3 million tonnes of cement will be produced annually by the plant.

At present, Semen Indonesia is examining the prospect of setting up the cement plant in Pidie.

Work on a plant is also being carried out by Semen in Papua, and operation at the US$

South African construction group Basil Read is selling subsidiary SprayPave (a manufacturer of bituminous road binder) to Much Asphalt for ZAR 78.6 million (€5.16 million/US$5.68 million).

The deal includes ZAR 9.1 million of SprayPave shares; ZAR 24 million for the business of group subsidiary Armac (which owns the property and some plant and equipment assets), and the remainder for sale claims and Basil Read equipment. The purchase consideration may be adjusted downwards depending on actual working cap

According to the latest update of Timetric’s Construction Risk Index (CRI), the overall level of risk facing the global construction industry picked up in Q3 2015, rising to its highest level in four quarters. This entirely reflects a worsening risk profile across most emerging markets, which offset a marginal improvement in that for advanced economies.

A total of 15 out of the 50 countries in the CRI recorded improvements in their risk profiles in Q3, notably the US and South Korea, the former posting c

Strotech Engineering based in Sofia, Bulgaria has recently been appointed as the Hyundai Heavy Industries Europe equipment dealer for the country.

Owned and managed by Veselin Ivanov and chief executive Mrs Fani Asenova, who are in charge of a team of ten staff, Strotech Engineering draws on Ivanov’s 20 years of experience in construction equipment sales. Ivanov is particularly familiar with the Hyundai brand, and CEO Asenova is a proven professional with many years of experience within the banking and f

The British Aggregates Association (BAA) has filed an appeal against the recent Phase II Aggregates Levy Decision by the EU Commission. The Decision claimed that only certain exemptions for shale resulted in illegal State aid. The appeal will take place at the General Court in Luxembourg sometime in 2016. BAA lawyers, Herbert Smith Freehills, have requested that the hearing be granted priority treatment due to the extraordinary time it has taken so far.

Sany, one of China’s top quarrying and construction equipment manufacturers, is planning to invest US$3 billion in developing 2,000 megawatt renewable energy projects in India. The Sany Group recently announced the signing and handover of its Green Energy Commitment via the renewable energy projects to India’s Prime Minister Narendra Modi.

CNH Industrial Construction Equipment, which includes the Case Construction Equipment brand, saw its net sales drop 29.7% year-on-year on a reported basis in Q3 2015 to €539.93 million ($591million). The geographic distribution of net sales for the period was 55% NAFTA (US, Canada), 22% EMEA (Europe, Middle East, Africa), 14% LATAM (Latin America) and 9% APAC (Asia Pacific).

Case Construction Equipment customers in the Southeast and East Anglia regions of England now have access to a new dealer following the recent appointment of John Hanlon & Company.

Based in Bedford, county Bedfordshire, England, John Hanlon & Company has more than three decades of experience of providing a sales and hire service to the construction and waste recycling sectors in the South East.

As Case dealers the firm will cover a wide area: from north London and county Essex up to county Northampto

Sandvik Construction has highlighted the importance of its £1.6 million (€2.21 million) investment in a new powder coating facility at the firm’s factory in Ballygawley, Northern Ireland. The significant move has added to the Ballygawley site’s reputation as one of the world’s top manufacturing facilities for mobile crushers and screens. Since becoming operational on 27 July 2015, the new powder coat plant is benefiting Sandvik customers by producing equipment with improved edge protection and corrosion res

Italian market sales of construction equipment were up 33% to 5,945 units in the first nine months of 2015 compared to the same period of 2014.

The Unacea analysed data compiled by the National Institute for Statistics (Istat) and processed by Prometeia breaks down the overall equipment sales as 5,705 earthmoving machines (+30%), and 241 road machines (+217%). The same data report reveals exports of Italian produced construction equipment grew (+8%); with tower cranes proving most in demand (+24%), follo

Komatsu, the world’s second-biggest manufacturer of construction and mining machinery after Caterpillar, reported a 19% fall in Q2 2015 profit, Bloomberg reports. As with US construction and mining equipment manufacturing giant Caterpillar, China’s slowdown and the world slump in commodity prices cut sales to the mining and building sectors. Net income in Q2 (July-September) 2015 fell to 32.6 billion yen (US$271 million) for the three months to September 30 from a revised 40.3 billion yen ($334.27 million)

Terex Minerals Processing Systems (Terex MPS), among leading global brands for material processing technology for modular, portable and static crushing and screening equipment, has appointed Penta Machinery as a new distributor for Kenya and Uganda.

Penta Machinery will now provide coverage for new equipment purchases and service and support in Kenya and Uganda. Customers’ needs will be met by a dedicated team who have been fully trained to provide the exceptional levels of customer support for which the

HeidelbergCement is to undergo a management board shake-up and is reorganising its Group areas as part of its long-term planning, which includes the proposed acquisition of Italcementi.

In a statement, the building materials giant said the managing board agreements of Daniel Gauthier and Andreas Kern, which expire on 30 June 2016, will not be extended. At the same time, three new members have been appointed to the managing board and a new managing board function has been created for the Africa-Eastern Me