News

IronPlanet, the online marketplace for buying and selling used heavy equipment and trucks, and Associated Auction Services, an alliance of Caterpillar and several of its independent Cat dealers, that operates under the name of Cat Auction Services, has confirmed that they have signed an agreement to merge the two companies.

Once combined, IronPlanet and Cat Auction Services will provide buyers and sellers of used heavy construction equipment a unique auction experience, backed by technology, services and

Terex Washing Systems has been honoured with the Best Exporter Business Award at the Mid Ulster Business Awards 2014, which recognise businesses from all sectors across Mid Ulster and County Tyrone for exceptional achievements.
Sean Loughran, Director of TWS, said: “It was the first time TWS entered the awards and we are honoured to receive this award, as the Mid Ulster region is the manufacturing home to over 80% of global quarry and sand machinery.
“TWS is committed to continually developing and introd

Hope Construction Materials, the UK’s leading independent supplier of cement and concrete, is investing €17.85 million (£14 million) to boost production at its Hope Works cement plant.

The company, which celebrated its second boom year of cement production on 7 January 2015, has kicked off several major capital projects which will help improve the plant’s sustainability, improve the efficiency of the operation and help to secure future supplies for construction.

Hope has owned and operated the cement

Miller Argent’s Ffos-y-fran mining facility in South Wales has reached the landmark figure of five million tonnes of processed coal. After seven years of refining its processes, the huge land reclamation project based in Merthyr Tydfil now produces up to a million tonnes of coal/year.

Much of the finished product is used to fuel nearby Aberthaw Power Station, which generates enough electricity to power five cities the size of Cardiff. Port Talbot Steelworks is also a beneficiary, using the fuel to prod

Metso has concluded the study related to Tampere, Finland, foundry announced in 2013. As a result Metso will divest the Tampere foundry to a Finnish company TEVO. The new owner will continue the foundry operations under the TEVO-Lokomo name at the foundry's current premises in Tampere.

All 128 people currently employed by the foundry will continue with their current employment contracts. Completion of the divestment is expected to occur on 1 March, 2015. The value of the transaction will not be disclosed

The Tamil Nadu state government has introduced a subsidised cement scheme dubbed Amma Cement, which will be priced at US$3 (INR 190) per 50kg bag. The cement will be sold via Tamil Nadu Civil Supplies Corporation's (TNCSC) warehouses, which are located in TVS Toll Gate, Adhavathur, Irungalur, Thuraiyur and Musiri in Trichy district. The scheme was launched through TNCSC under the nodal agency, Tamil Nadu Cements (TANCEM), that supplies up to 50 bags of cement for a 9.29m² building site and up to 750 bags of

Ethiopia's Ministry of Industry has unveiled a draft Cement Industry Development Strategy prepared by Adama Science and Technology University. According to a statement, it will cost around US$29.74 million (ETB 600 million) to implement the strategy. It aims to help increase domestic cement consumption in the country by over three-fold from six million tonnes at present to 20 million tonnes over the next 10 years. The strategy also includes a plan to offset shortage in the local market, as well as providing

Malabar Cements (MCL) of India plans to import 1.32 million tonnes of limestone, sand, clinker, coal and other materials for production after the company received approval to establish a US$25.19 million (INR 1.6 billion) bulk handling cement unit in Kochi's Willingdon Island. MCL has finalised a tender to import 30,000tonnes of clinker from the Middle East by January 2015 for its clinker grinding plant at Alappuzha in Kerala. The company also plans to buy 1,300tonnes of fly ash per day from Udupi Power Co

Turkish cement firm Sancim Bilecik Cimento (Sancim) has been acquired by Askale Cimento. The acquisition follows the recently aborted acquisition of Sancim by another firm, Cimsa, for €185.14 million. The new owner of Sancim is a joint-venture of Sonmez Holding (43%), Aunde Teknik (38%), E.N.A. Tekstil (10%) and Umut Insaat (9%).

HeidelbergCement is to sell its brick and roof-tile business to private equity firm Lone Star Funds for €1.17 billion (US$1.4 billion), as it looks to cut debt and return its focus to products such as cement and aggregates.

The sale of Hanson Building Products includes North American assets outside of western Canada as well as operations in the UK, the Heidelberg, Germany-based cement maker said in a statement. The price includes a payment of as much as €84 million ($100 million) from Lone Star that’s de