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Shantui’s US$18mn Middle East contract

November 20, 2012

The Dubai branch office of Shantui Construction Machinery recently scored a deal with a Middle Eastern client worth US$18 million. Negotiations began in July, and concluded with an order for a total of 205 units. This marks the largest contract signed by Shantui in the Middle East. Included in the order is a wide array of products such as bulldozers, excavators, wheeled loaders and forklifts. “This is a huge step forward for Shantui in an ever-growing market,” said Jackie Chang, general manager of Shantui’s

Zoomlion’s world record boom pump

November 20, 2012

Zoomlion has unveiled its innovative new truck-mounted concrete pump, which features a 101m boom. This innovative 101m unit is now a world record holder as the longest truck-mounted concrete boom pump. The machine was launched on the 20th anniversary of Zoomlion and is one of a new generation of products developed by Zoomlion and its Italian CIFA operation. The new machine has been developed from the existing 80m truck-mounted pumps, with its innovative lightweight composite boom being a key feature of the

Fiat Industrial submits “best and final” offer to team up with CNH Global

November 20, 2012

Fiat Industrial has announced the submission of its best and final offer for a strategic combination with CNH Global. Following last month’s decision by CNH’s Board of Directors Special Committee not to recommend Fiat Industrial’s (FI) initial strategic combination bid, FI has engaged in further discussions with the Special Committee regarding its willingness to offer improved terms. A final offer letter from Sergio Marchionne, chairman of FI, to the CNH Special Committee is said to preserve the essential

Helping achieve federal debt reduction remains top AEM priority for 2013

November 20, 2012

The Association of Equipment Manufacturers (AEM) has reaffirmed its commitment to supporting efforts to bring down the federal debt by classifying it as its top priority going into 2013. AEM’s board made the Association’s federal debt-busting pledge at its 2012 Annual Conference in Rancho Palos Verdes, California on November 9, 2012, and have joined the chorus of national business leaders calling for immediate bipartisan action to comprehensively solve America’s debt crisis by adopting a balanced approach t

One of Brazil’s main road routes will be upgraded

November 16, 2012

Brazil’s Ministry of Transportation is giving the go-ahead for a project that will see the upgrade of a 100km stretch of the BR-381 route. Located in Minas Gerais, the BR-381 will be widened and improved with the addition of extra lanes, making it a dual carriageway. The Ministry of Transportation has opened the first phase of the project to bids and bids have to be submitted before December 17th 2012.

Major new bridge link discussed for Denmark

November 16, 2012

Discussions are in hand in Denmark over the proposed project to build a new bridge over Storstrøm that would link the islands of Zealand and Falster. While there is agreement that the bridge would prove beneficial to the islanders, the source of financing for the project has proved rather more troublesome for Denmark’s political parties. While the Danish Government is keen to source the €523 million needed from unused funds for the country’s railway network, a number of opposition parties want to finance th

Repair projects planned for Ontario

November 16, 2012

In the Canadian province of Ontario a budget of US$221.75 million (C$220 million) has been set for 19 key infrastructure projects. The projects include a series of important bridge upgrades. The Grand River Bridge on Highway 403 will be improved with the work costing someC$10.7 million. Other bridges on the important Highway 403 route, from Mohawk Road to Highway 2, will also benefit from major improvements, costing in the order of C$30.5 million.

Research highlights Italian construction equipment sector difficulties

November 16, 2012

Global turnover recorded by Italian construction equipment companies in 2011 totalled €2.69 billion. Despite their global turnover increasing by 6.4% in 2011 compared to levels achieved in 2010, Italian construction equipment company turnover is still down 42% compared to 2008. Details of Cribis D&B’s findings following research commissioned by the Unacea trade association were revealed during the recent Construction Equipment Day at Ecomondo Fair in Rimini, Italy. Further Cribis D&B figures for 2011 show

Huge highway projects are planned for Vietnam

November 16, 2012

The Vietnamese authorities are planning a series of major road infrastructure investments. During the 2013-2016 time period, two major traffic projects will be carried out in the country and the Vietnamese Government is planning the necessary works. Some US$2.88 billion will be raised for the work required, which includes an upgrade of Highway 14. Another priority project is for upgrading and widening Highway 1A between Can Tho and Ha Tinh north-central province.

Key Chinese highway being planned

November 16, 2012

Plans are in hand in China for construction of the Shenzhen-Zhongshan Corridor road project. This massive project is expected to cost in the region of US$4.8 billion to construct. The environmental impact report and design proposal for the project has been released by the Guangdong Provincial Transport Department. The feasibility report should be complete by March 2013 and this is expected to receive its approval by June 2014.