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Deutz has signed a non-binding memorandum of understanding with AB Volvo with the intention to explore the potential to extend their long-term cooperation with a joint development of the next generation of medium-duty engines for non-road applications. The MoU also aims at analysing the conditions for establishing a Deutz majority-owned joint-venture company in China for the production of medium-duty engines for non-road applications.

A pre-pack sale has saved some 24 jobs at Barcon Precast, a Bolton, north-west England-based concrete supplier. Administrators were appointed on 30 March, 2012 and have now agreed the sell the business and assets to parent company Barcon Systems. The company struggled with a downturn in orders and was forced to write off a large debt in 2011 as it came close to paying off VAT liabilities owed.

Spanish marble manufacturer, Tino Stone, has entered into a scheme of arrangement with creditors.

Quarry workers of today will become a living part of a major heritage project capturing the relationship between industry and community in a County Leicestershire village, central England. Employees at Lafarge Aggregates & Concrete UK’s flagship Mountsorrel granite quarry will have their experiences preserved for prosperity during one-to-one sessions with Glassball Art Projects volunteers. Glassball, backed by the [UK] Heritage Lottery Fund, is spearheading research into the industrial and social heritage o

CRH chief executive Myles Lee says the building materials company will continue spending on takeovers in 2012, after 2011 spending helped secure a 5% revenue growth in the year to just under €18.1billion.

A pre-pack sale has saved some 24 jobs at Barcon Precast, a Bolton, north-west England-based concrete supplier. Administrators were appointed on 30 March, 2012 and have now agreed the sell the business and assets to parent company Barcon Systems. The company struggled with a downturn in orders and was forced to write off a large debt in 2011 as it came close to paying off VAT liabilities owed.

Komatsu’s board of directors has appointed Ms Keiko Fujiwara as managing director and CEO, and marketing division president of Komatsu Europe International.

She succeeds Mr Akira Sugiki, who returns to Japan after four years in Europe, in order to pursue his career with Komatsu Ltd. as executive officer and president of the Business Planning and Strategy Division. Ms Fujiwara, 46, joined Komatsu Ltd in 1988. Komatsu Europe's management team will be further strengthened by the appointments of Peter Howe a

Rising bitumen prices should be factored in more consistently when awarding highways contract tenders, according to Tarmac National Constructing (TNC).

Breedon Aggregates, whose investors include George Soros, can spend £1 billion pounds ($1.6 billion) on assets that may come to the market as Lafarge and Anglo American pursue a tie-up in crushed rock.

Hitachi Construction Machinery (HCM) has announced plans to significantly boost its global production capacity for mining machines, such as large and ultra-large hydraulic excavators and dump trucks.

Global consumption of asphalt is forecast to advance 4.1% annually from a very weak 2010 base to 119.5 million tonnes in 2015, equivalent to 725 million barrels of primary asphalt.

Semapa, a Portuguese holding company specialising in cement, pulp and paper and the environmental services sector, has issued bonds worth €150million.

Italian construction material specialist Italcementi says its net profits fell by over €100million in 2011 - to €91.2million from €197.1million in 2010.

German buildings material producer HeidelbergCement has issued a Eurobond worth €300million, with a maturity date of 8 March 2016.

The company says proceeds will be used for general corporate purposes.

The four-year bond bears a fixed coupon of 4% per annum. The issue price is at 100%, resulting in a yield to maturity of 4%.

Joint Lead Managers of the transaction are Morgan Stanley, BofA Merrill Lynch, Commerzbank, Danske Bank, Deutsche Bank, Nordea Markets, Raiffeisen Bank International, SEB and S

Turkish cement firm Oyak Cimento Grubu posted a net profit of €112.6million in 2011.

The firm's net sales revenue for the year was €685million. Oyak says it invested €42.3million in the cement sector and also employed 3,500 new workers.

Breedon Aggregates, the UK's largest independent aggregates business, has unveiled preliminary results for 2011 which show revenue at £168.9 million (€202.4 million), a 17.5% increase over 2010.

French building materials firm Ciments Français (CF) says it will target industrial investments in India and Bulgaria in 2011 after seeing its net consolidated profit fall by 13.7% to €274.2million in 2011.

CDE has been named as one of Ireland's 'Best Managed' companies in the Deloitte Best Managed Companies Awards Programme for the fourth year in a row.

Metso will supply a tandem rotary railcar dumper to Hamersley Iron in Australia.

The acquisition of its Canadian technical and distribution facility has been completed by British laser measurement technology specialist, Measurement Devices (MDL), in a multi-million dollar deal.