All General Articles

SED 2010 exhibition cancelled
The 2010 SED exhibition in the UK has been cancelled because of difficult market conditions. The next show is scheduled for 17-19 May 2011.
Terex to sell mining division to Bucyrus
Terex is to sell its mining equipment business to Bucyrus International Inc for US$ 1.3 billion in cash and said the sale signified a shift from being a construction and mining equipment company to a machinery and industrial products business focusing on niche markets.
Maximum fines for Polish cement cartel
OCCP announces € 99 million fines against seven companies following three-year investigation, but accused say they will appeal.
New European Construction Survey 09 now available
The new European Construction Survey 2009 is now available on KHL.com
Mirax saved for now
Russia’s Mirax Group has agreed a restructuring plan with Alpha Bank that secures the immediate future of what is one of Russia’s largest developers.
Bilfinger Berger to change company status
Bilfinger Berger AG has announced that it intends to become a Societas Europea (SE) public limited company in 2010.
Skanska announces new national presidents
Internal candidates will fill the top roles in Norway, Poland and the UK.
Slovak first for EBRD
The European Bank of Reconstruction and Development (EBRD) has lent € 200 million towards the construction of the R1 motorway in Slovakia.
France and Germany exit recession
Unexpected rises in second quarter GDP seen in two of Europe's largest economies.
McCullough to head CNH construction
Individual brands will be maintained, but internal management merged into one organisation in CNH internal shake-up.
Peab’s Paulsson steps down
Mats Paulsson has resigned as CEO of Peab's civil engineering and contracting business, Peab Industri.
Wacker Neuson adopts SE status
Wacker Neuson has completed one of the final steps in changing from a German Aktiengesellschaft (AG) company to the European Societas Europaea (SE) form of incorporation.
HCME introduces temporary "work time reduction"
Hitachi Construction Machinery Europe (HCME) has announced plans to introduce temporary "work time reduction" for 310 direct and indirect workers at its factories in Amsterdam and Oosterhout, the Netherlands.
Jobs will go at Metso
Metso has started discussions with staff regarding redundancies and temporary layoffs in its mining and construction technology division based in Tampere and Helsinki, Finland.
Heidelberg to refinance Hanson debt
Heidelberg Cement plans to issue new shares, extend bank loans and sell businesses as part of a package of measures to pay down the debt it took on for the acquisition of Hanson.
Atlas Copco expects infrastructure boost
Atlas Copco expects a string of major infrastructure projects to come on line in the next few months as Governments around the world look to stimulate their economies in the face of the global economic slowdown.
CECE lobbies Europe on € 200 billion stimulus plan
The Committee for European Construction Equipment (CECE) is to meet European Commission vice president Günter Verheugen before Christmas to discuss the European Union’s proposed €200 billion economic stimulus plan.
Volvo axes more jobs
Volvo Construction Equipment (VCE) has cut 850 jobs in Sweden due to the slow down in the global construction equipment market, the company said in a statement.
Carillion JVs win new contracts worth US$ 196 million
UK-based Carillion's joint venture (JV) businesses in the Middle East have won three new contracts worth about UK£ 205 million (US$ 355 million), of which Carillion's share of the revenues generated will be some UK£ 113 million (US$ 196 million).
UK's Balfour Beatty fined UK£ 2,25 million
UK engineering, construction, services and investment group, Balfour Beatty has agreed to pay UK £ 2.25 million plus a "significant" contribution to costs after the Serious Fraud Office (SFO) investigated payment irregularities at one of the construction firm's subsidiaries.
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