The owner of a specialty infield-dirt supplier for the Houston Astros, Atlanta Braves and other baseball and softball fields needed a custom pug mill to insure a consistent product.
As oil-and-gas markets struggle to recover, publicly owned construction industry firms with ties to the sector tried to paint the best possible outlook for investors at a June 2 conference, held in New York City by investment firm Credit Suisse.
The Saudi government has awarded Bechtel a five-year contract extension for project management services at the giant Jubail and Ras Al Khair industrial cities, the company announced on June 6.
The world’s number two cement maker is making steady strides in closing a €3.7 billion deal in a consolidating building materials market. It’s also doing some interesting tinkering in the Caucasus and West Bank.
HeidelbergCement is turning its eyes to Washington in anticipation of an antitrust ruling, perhaps in as soon as two weeks, which is the German-based building materials giant’s next big hurdle in its ongoing effort to acquire Italcementi.
With a self-imposed deadline looming, Terex Corp. has called off talks with Zoomlion Heavy Industry Science and Technology Co. for the China-based equipment maker to acquire the U.S.-based company. Terex had announced on May 16 that it would be selling its material-handling and port-solutions [MHPS] business to Finland-based Konecranes for $1.3 billion, and that deal is expected to close in January 2017.
Expecting to gain in an oil-services market that is showing signs of a recovery, sector engineering- construction giant Technip, Paris, and FMC Technologies, Houston, are set to merge next year to create an estimated $20-billion megafirm, the companies announced on May 19.
A Tennessee road and bridge builder has agreed to pay $2.25 million to settle a whistle-blower lawsuit that accused the firm of fraud by putting its own employees on the payroll of a disadvantaged business enterprise it used to get contracts for 12 projects in Tennessee.