News

Finnish construction and infrastructure group Lemminkäinen has agreed on amending the terms of its €185 million revolving credit facility and extending the maturity by one year.

The credit facility will mature on 27 March, 2017, and is currently completely undrawn.

Nordea Bank Finland, Danske Bank, and Pohjola Bank are reported to be involved in the credit facility.

Mexican cement company Cemex has invested close to US$250 million (€229.69 million) in efforts to replace fossil fuels with alternative energy sources over 2009-2014.

This has generated estimated recurring savings of US$130 million/year, depending on the cost of fossil fuels, and according to sustainability director Vicente Saiso, the business is generating 25% of its local consumption and 14% on a global level.

The group has also created Cemex Energia, a new division for the development of renewable

Operating income and profit attributable to shareholders of China Shanshui Cement Group in 2014 fell by 5.68% and 65.81% year-on-year to CNY 15.60 billion (€2.30 billion/US$2.51 billion) and around CNY 348 million respectively.

The China-based company's revenue from the sale of concrete and clinker grew by 21.9% and 4.5% to CNY 1.04 billion and CNY 1.88 billion respectively, while revenue from cement sale dropped by 6.3% to CNY 12.51billion.

Celtic Energy is renting two Pioneer Pump 150CX clear liquid pumps and three solids handling pumps (a 100SH, a 100SM and a 150SL) to remove excess water that collects in its open cast mines.

This is pumped into a water treatment area for processing, before it is directed into one of six dedicated discharge areas and released into nearby rivers. On average, the pumps remove up to 10,000m3 of water a day at each site. This is first pumped 120m vertically to lift the water out of the mine, and then transpor

Plant machinery maintenance specialist United Plant Services (UPS) has forged a new strategic alliance with Groeneveld, which will see UPS handle repair and servicing for the UK’s leading lubrication solutions manufacturer.
Groeneveld’s automatic greasing systems are said to be commonly used across many leading brands of construction equipment, including Bell Equipment, Caterpillar, JCB and Volvo.

FLSmidth has received a contract worth approximately €30 million (DKK 223million) from the Moroccan phosphate and fertiliser producer Office Chérifien des Phosphates (OCP) for the supply of material handling equipment to a port facility and mine site in Morocco.
The order covers supply of equipment, supervision of erection as well as commissioning.
The equipment to be supplied includes three bucket wheel reclaimers, each with a capacity of 2,000tonnes/hour; two stackers with a capacity of 2,000tonnes/ho

Buzzi Unicem reported growth slowing in the second half of its finanancial year 2014, with demand weakening in Europe and Asia, but the US remained largely positive.
Earnings were up 4.8% to €423 million (+10.2% on a like-for-like basis). In 2014, Buzzi Unicem sold 25.1 million tonnes of cement and 12 million m³ of ready-mix concrete.
Consolidated net sales were down 0.1% to €2,506.4 million. On a like-for-like basis, net sales would have increased by 3.4%. Foreign exchange rates negatively impacted for

Topcon Positioning Group introduces Francois Erceau as the new vice president of the GeoPositioning Solutions Group in Europe.
Erceau brings more than 20 years of executive-level industry experience with both technical and business expertise.
“Francois will be responsible for pushing forward our existing businesses and developing new vertical markets in the region, continuing the expansion strategy of the GeoPositioning Solutions Group in Europe,” said Eduardo Falcon, executive vice president and general

Sandvik Construction has launched a new
website, which it says has been developed to reflect the very specific needs and requirements of its customers worldwide.
Constructed to be easily navigable, with simple, yet concise features, the new website is set to become a major resource for the global construction industry, says the company.
It has been developed to serve as the primary communication portal for Sandvik Construction customers, industry professionals, distributors and the global construction m

Organisers say that Plantworx, the UK’s largest working construction equipment machinery exhibition, is expected to be a sell-out, with some 90% of stands already sold.
Visitors to the show, being held at Bruntingthorpe Aerodrome, County Leicestershire, England, from 2-4 June, will see the latest plant and machinery operating in real site conditions, with compact plant featuring alongside mid-range equipment, tools and services.
Indeed, the hundreds of brand new products will include many world-firsts, wi