All Industry News Articles

Webuild significantly surpasses new order target set for 2023
Webuild says that a substantial portion of these new orders continues to come from foreign markets
Strong increase in Q2 sales for Caterpillar driven by one region
The construction division of Caterpillar saw sales increase by 19% in Q2, 2023
Changing focus of China’s Belt and Road
Focus is shifting for world’s largest infrastructure investment scheme
Four things we learned from Vinci’s H1 2023 financial results
What can the most recent set of results at Vinci tell us about the construction giant and wider trends within the construction industry?
Radius Group launches ground control system for towers
Lifting provider now able to operate a tower crane using a teleoperated ground control system
Total sales for world’s largest contractors revealed
ICON 200 lists the world’s biggest contractors by sales 
The Nemetschek Group sees SaaS offerings as a significant driver of growth
The company, listed on MDAX, has successfully transitioned its business model from license-based sales to subscription and Software-as-a-Service
Vinci’s half year financial results driven by ‘powerful megatrends’
Vinci reports strong figures based on ‘selective’ approach to projects and powerful megatrends
Contractor embroiled in bid rigging scandal gets a new name
Rebrand is part of planned integration strategy, say parent company
Webuild-led consortium wins €1.82bn lot on Verona to Padua high-speed railway
A consortium led by Italian contractor Webuild has won a €1.82 billion contract to design and build a section of a new high-speed railway between Verona and Padua in Italy.
Ferrovial see 8.3% increase in construction division revenue
Total revenue for the first half reached €3,940 million
Litigation and refinancing charges hurt Granite’s bottom line
US civil construction and materials company Granite made a $17 million net loss in the second quarter of 2023, after refinancing and litigation charges hit its bottom line.
Ferrovial targets US as first-half profit more than doubles
Infrastructure giant Ferrovial’s net profit more than doubled in the first half of 2023 to €114 million (US$125 million).
Spanish firms partner up to recycle wind farm components
Recycling wind turbine blades is “a key challenge” for the industry, says Iberdrola
Demolition leader launches labour shortage survey
Help your industry recruit skilled workers: FILL IN THE SURVEY! 
XCMG shares ambitious plans to drive innovation and development
The company says that the project sets a clear goal and seven strategic actions to drive growth
Why ‘dysfunctional’ contracting model is pushing Australian companies to brink
A group representing construction contractors in Australia has called for fundamental changes to the business model in the sector, amid razor-thin profit margins and elevated rates of business failures.
New managing director for Develon Germany
Company see’s Germany as “major business location”
Larsen & Toubro wins $1.9bn Indian high-speed rail package
India’s biggest construction contractor, Larsen & Toubro, has won a package of works on the Mumbai Ahmedabad high-speed rail project worth ₹ Cr 15,697 (US$1.9 billion).
What is the future for construction in Saudi Arabia?
Saudi Arabia is currently building some of the world’s most audacious infrastructure projects as it seeks to decrease its reliance on the exportation of oil
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