News

The creditor banks of Sacci, the Italian cement manufacturer, are reported to have rejected the 99.5% acquisition bid launched by Buzzi Unicem, the other leading Italian cement maker. The €120 million offer had been accepted by Sacci.

Asia Cement posted a 15.8% on-year drop in its January-March 2015 revenue to CNY 1.35 billion (€194.71 million/US$217.10 million).
Also, the Taiwan-based company reported a 99.97% decline in its profit to CNY 37,000 (€5,344.33/$5,959.07) during the quarter.

Sales of cement maker Holcim Indonesia declined by 4.5% from a year ago to IDR 2.25 trillion (€154.76 million/US$173.11 million) in the first quarter of 2015.
Cost of sales for the company under the Holcim Group of Switzerland expanded by 3% to IDR 1.72 trillion.
Its net income decreased from IDR 323.60 billion to IDR 32.70 billion due to increasing costs and lower demand.

The Irish international building materials group, CRH, says it expects further progress in the second half of 2015, with group EBITDA from continuing operations in H2 expected to be ahead of 2014.
The group, which will report its interim results for the six months ending 30 June 2015 on 27 August, revealed this in an interim management statement for the period 1 January 2015 to 30 April 2015. Its annual meeting is in Dublin tomorrow (Thursday).
The statement says that looking ahead to the second half of t

Vulcan Materials, America’s largest producer of construction aggregates, reported a Q1 2015 loss of US$39.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Birmingham, Alabama-based company said it had a loss of 30 cents. Losses, adjusted to extinguish debt and to account for discontinued operations, came to 16 cents per share.

The results are said to have surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investm

Metso will deliver six Lokotrack range mobile crushing plants to Shimizu Corporation to assist in a major landfill project being carried out in the 2011 tsunami area in the Tohoku region of Japan. The new-generation LT120 model crushing plants will be used to crush 6-7 million tonnes of aggregates on a demanding project schedule.

The earthquake and tsunami caused significant sinking of the ground level in several coastal areas in the northern part of Honshu island. Before new construction works can begin

Superior Industries, a major American manufacturer and global supplier of bulk material processing and handling systems, has acquired MFE Manufacturing.

Family owned and operated since its founding in 1947, MFE designs and builds portable plants for construction, aggregates and material handling industries. The company is headquartered in Miramichi, New Brunswick, Canada.

Today, MFE is best known for engineering and fabricating portable processing plants, including jaw and cone crushing systems, scre

Metso will deliver six Lokotrack range mobile crushing plants to Shimizu Corporation to assist in a major landfill project being carried out in the 2011 tsunami area in the Tohoku region of Japan.
The new-generation LT120 model crushing plants will be used to crush 6-7 million tonnes of aggregates on a demanding project schedule.
The earthquake and tsunami caused significant sinking of the ground level in several coastal areas in the northern part of Honshu island. Before new construction works can begin,

Engine manufacturer Deutz has notched up a five-fold increase in operating profit according to its interim report for the first quarter of 2015.
The company says that business performance is in line with expectations and that there has been a decline in unit sales and revenue due to effects of advance production of engines in the prior-year period.
The new orders received by the Deutz Group during the reporting period totalled €321.0 million, which was down by 22.5% year-on-year (Q1 2014: €414.2 million).

Lafarge and Holcim have received final approval for their proposed merger from the competition authorities in the United States and Canada.

All competition approvals necessary for closing the transaction have now been obtained ahead of the expected closing in July 2015.

Following the regulatory assessment in all key jurisdictions, Holcim and Lafarge can now present a final list of divestments to satisfy regulatory requirements (see list).

These divestments remain subject to the completion of the me

IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, has appointed Jeff Holmes as its vice president, government solutions.

Holmes is said by the firm to bring a unique background that combines his military service with a corporate career spent driving efficiency and growth through business and government partnerships.

“I am pleased to have Jeff join IronPlanet with his deep industry knowledge and experience in both the public and private sectors,” said Gr

EMS has been appointed as the new official dealer of articulated and rigid Terex Trucks in the Republic of Ireland.

Headquartered in Dublin, Ireland, EMS will be providing sales, service and parts for Terex Trucks ADTs and RDTs .

Established in 1989 and operating with dump trucks since 1996, EMS’s team of 11 staff have gained over 30 years of experience with dump trucks in the region.

Volvo Penta has doubled the warranty on Genuine Volvo Penta Parts and Accessories that are purchased and installed at a Volvo Penta dealer — creating even better protection for customers.

The Swedish company offers a comprehensive 12-month warranty on Genuine Volvo Penta Parts. But now the company has extended that warranty to 24 months for parts and accessories that are purchased and fitted at an authorised Volvo Penta dealer. Not only is the part itself under warranty, but the labour involved in fittin