Skip to main content

Search

August 5, 2022

Cummins completes Meritor acquistion

Global off-highway engine solution major Cummins has completed its acquisition of Meritor, a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets.

August 5, 2022

CEMEX invests in sustainable construction-linked global venture fund

CEMEX and CEMEX Ventures, CEMEX's corporate venture capital and open innovation unit, are investing in a global early-stage venture fund, Zacua Ventures, that aims to tackle the construction industry's biggest challenges in sustainability, productivity, and urbanisation.

August 4, 2022

Breedon enters UK marine aggregates business with Severn Sands acquisition

Breedon, a major independent UK and Ireland building materials group, has entered into the marine aggregates business in Great Britain with the acquisition of Severn Sands.

The addition of Severn Sands, a family-run marine dredging business operating in the Bristol Channel area, enhances Breedon's operational capability, secures scarce mineral reserves and resources, and ensures the Breedon on the Hill, Leicestershire-headquartered group's downstream operations in the Gloucestershire and South Wales region are fully vertically integrated.

August 3, 2022

Slowdown in UK mineral products sales raises costs concerns

The MPA (Mineral Products Association) says that a disappointing quarter for UK producers of mineral products causes concern that widespread cost inflation for raw materials, energy and labour is starting to negatively impact the sector.

Sales volumes in GB: change on the previous period (seasonally adjusted). Source: MPA/ONS
August 3, 2022

Xylem posts better than expected Q2 revenue

Xylem, a water and pump technology provider for global industries including quarrying, has reported second quarter revenue of US$1.4bn surpassing previous guidance in each business segment. 

A Dri-Prime dewatering pump from Xylem's Godwin brand
August 2, 2022

Nonresidential U.S. construction spending fell 0.5% in June, says ABC

National nonresidential construction spending was down by 0.5% in June, according to an Associated Builders and Contractors (ABC) analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualised basis, nonresidential spending totalled $829.4 billion for the month.

August 2, 2022

CNH posts strong Q2 results

CNH Industrial says it saw a strong performance during the second quarter of 2022 with revenues up 17.5% year-on-year.

CNH chief executive Scott Wine says the group's construction equipment business is significantly increasing its profitability
boombox1
boombox2