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June 19, 2020

Fitch Ratings lowers Brazil's Votorantim Cimentos' rating outlook

Fitch Ratings has revised the outlook for Brazilian cement firm Votorantim Cimentos from Stable to Negative and set its global scale rating at BBB- and national scale rating at AAA(bra).

The results reflect the credit portfolio change by the controller of Votorantim Cimentos, the Votorantim group, which saw its global scale rating revised to BBB-, with a Negative outlook.

June 19, 2020

Metso elects board members following AGM

The Metso board of directors has elected members of its audit committee and the remuneration and HR committee following the company's annual general meeting held on June 16.

June 19, 2020

Mixer helps build massive new Amsterdam lock

An easy-to-install and highly mobile concrete mixing plant is being used in the construction of what is claimed to be the world’s largest lock in the port city of Ijmuiden near Amsterdam.

The Liebherr Mobilmix 3.5 mixing plant
June 18, 2020

Aggregates conveyor specialist ASGCO plans new headquarters in Pennsylvania

Conveyor and screening equipment specialist ASGCO is building a new headquarters in Nazareth, Pennsylvania, as part of the company's long-term plan to meet growing demand.

ASGCO says: "The new facility will be 194,000 total sq. ft. in size, with 30,000 sq. ft. of offices and training areas. The rest (of the site is) dedicated to fabrication, manufacturing, assembly, distribution and service departments."

Construction of the new facility will begin in July of 2020 and is expected to be completed in the summer of 2021.

June 18, 2020

Caterpillar makes machine autonomy acquisition

Caterpillar has acquired assets from San Francisco-based robot and autonomy technology specialist Marble Robot. This move forms part of Caterpillar’s strategy for automation and autonomy technology. The company intends to utilise autonomous technologies for the next generation of jobsite solutions.

June 18, 2020

JCB Finance supports customers with government-backed loans

JCB Finance has been accredited by the British Business Bank to provide the Government Coronavirus Business Interruption Loan Scheme (CBILS) – designed to support the continued provision of finance to UK smaller businesses (SMEs) during the COVID-19 outbreak.

June 17, 2020

Liebherr invests $60m in expanded headquarters facility in Virginia

Liebherr USA has moved into a newly expanded headquarters "campus" in Newport News, Virginia, as part of a $60 million investment.

Dr Torben Reher, managing director, Liebherr USA, says: “Apart from investing in research and design for cutting edge technology, we have a long term focus while looking at our business and the relationships with our customers.

"We want to grow together and our new site is the evidence for this approach.”

June 17, 2020

Smiley Monroe starts new work pattern

Northern Irish conveyor belts manufacturer Smiley Monroe has introduced a new flexible work pattern which will see many employees finish work at 12.30pm on Fridays

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