China opts for domestic Montenegrin firms

China Road and Bridges Corporation has reportedly appointed 67 Montenegrin contractors for its work in Montenegro. Contractually, CRBC must have at least 30% of the work going to Montenegrin firms, according to the national Montenegrin roads company Monteput. Monteput also said that the value of construction work in 2016 grew by over 30% to €383 million in comparison with 2015.
March 17, 2017 Read time: 1 min
China Road and Bridges Corporation has reportedly appointed 67 Montenegrin contractors for its work in Montenegro.

Contractually, CRBC must have at least 30% of the work going to Montenegrin firms, according to the national Montenegrin roads company Monteput.

Monteput also said that the value of construction work in 2016 grew by over 30% to €383 million in comparison with 2015.
Finance & Funding

Related Content

  • Volvo CE is increasing margins despite weak sales
    July 24, 2013
    Volvo CE reports that its operating margin has recovered in the second quarter of 2013, although the firm has been hit by weaker sales, especially in the mining industry. This situation reflects the continued slowdown in the size of the total market for construction equipment and the company’s sales were down 19% during the period. However the firm said that behind the headline figures there were underlying positives, not least a good order intake and improving trends in China, Europe and the Middle East, a
    Read More
  • Metso looks to develop its international profile following its recent demerger
    March 12, 2014
    Metso CEO and president Matti Kähkönen explained how the company is evolving - Mike Woof reports Finnish crushing and screening specialist Metso is looking to expand its worldwide operations following the recent demerger of the group. CEO and president Matti Kähkönen said that Metso has been a multi-industry business for the last 14 years. The firm’s biggest divisions have been the joint construction and mining division and the pulp and paper business, with its automation sector being the smallest of the
    Read More
  • Wacker Neuson reports strong performance for second quarter
    August 8, 2017
    Compact machine specialist Wacker Neuson says that its financial results show a strong second quarter for 2017 as well as an improved outlook for 2017 as a whole. The firm says that profitability improved and has now raised its revenue forecast for the current fiscal year. The Wacker Neuson Group reported record revenue of €425.2 million for the second quarter of 2017, compared with €381.4 million for the same period in 2016. At €46.7 million, profit before interest and tax (EBIT) jumped a healthy 41 % comp
    Read More
  • Russia seeks outside investment in road building
    November 6, 2012
    The Russian road building industry is on the verge of big changes as it bids to improve quality and speed of construction says Eugene Gerden The Russian road building industry is on the verge of big changes as the national government considers creating conditions to attract foreign companies to build roads in the country. According to a recent order of President Vladimir Putin, due to poor quality and high cost of road construction, there is a need for the development of a mechanism to attract foreign compa
    Read More

Highlighted Content