China has long been an important market for Caterpillar, which first began operating in the country in the early 1970s following talks between China and the US. Its first equipment in China was for generators to power a communications system supplied to China by the US following the talks. The company also worked closely with LiuGong as part of a technology transfer agreement, which highlights Caterpillar’s focus on China. The global crisis has not been an easy time for any construction equipment manufactur
The key infrastructure policy adviser to US president Donald Trump has resigned, according to US media reports. DJ Gribbin is "moving on" to pursue unspecified opportunities, a White House official told the Washington Examiner newspaper. Gribbin joined the White House staff in February 2017 to advise Trump on how he could fulfil his election promise to boost infrastructure spending with around US$200 billion. Gribbin previously worked as chief counsel for the Federal Highway Administration and general
The authorities in Brazil’s Rio de Janeiro State intend to invest US$1.55 billion in the road network from now until 2014. Work will be carried out to some 750km of roads with funding being provided by a combination of PPPs and sources such as the World Bank (WB) and the Latin American Development Bank (CAF).
As a major presence in the construction sector, the Fayat Group is well-placed to understand the current market conditions. President Jean-Claude Fayat revealed that the firm does have a strong insight into the state of the international market, as well as some key developments for 2015. With much of its operation based in Europe, the company has been affected by the currency situation.
