Demand for construction machinery in China is expected to rise 6.2%/year to 387 billion yuan in 2015. This will be supported by continuing increases in construction spending, especially in infrastructure development. The data comes from a report by US-based research firm Freedonia Group. According to the report, growth in construction activity will be driven by continuing industrialisation but will be more moderate than in the 2005-2010 period. This will impact overall construction expenditures, which are e
As Russia prepares for a major Asia Pacific conference in nearly four years' time, the economic climate is felt in other countries in the region. Patrick Smith reports AUS$1 billion-plus suspension bridge is to be built to link the city of Vladivostok in the far east of Russia and Russky Island. Russia's President Dmitry Medvedev has signed an instruction for construction of the 3,150m long bridge, which is intended to provide access to the 24th Asia Pacific Economic Cooperation (APEC) summit, to be held o
In the US asphalt pavement mix producers are improving the sustainability pro_ le of roads through the incorporation of recycled materials and the use of energy-saving warm-mix asphalt technologies.
According to the latest survey of asphalt mix producers conducted by the National Asphalt Pavement Association (NAPA) in partnership with the Federal Highway Administration (FHWA), more than 67.65 million tonnes of recycled materials was put to use in new asphalt pavement mixtures during the 2014 construction
Terex’s sustained strategic investments in product electrification and other parts of its business have left the off-highway equipment giant in a strong position to grow and capitalise on major market trends, such as the growing importance of digitalised production to customer operations.
