One of the largest mergers in the world of construction equipment has been put on hold. U.S.-based Terex Corp says it is halting all merger activities with Finnish-based Konecranes while it considers an acquisition offer from China-based Zoomlion.
Global building products giant CRH is latest to exit the Israel market, but firm says its sale of a 25% stake in a large local cement firm was not due to boycott pressure.
Aiming for an economic boost as part of China’s anticipated Silk Road corridor to Europe, the republic of Georgia has picked a local-U.S. joint venture, backed by global investors, to develop a $2.5-billion deep-sea port at Anaklia on the Black Sea.
Even as drilling crews are getting closer to capping a natural-gas well that has spewed thousands of metric tons of methane since last fall, Los Angeles County District Attorney Jackie Lacey has filed criminal charges against utility Southern California Gas Co. for failing to immediately notify authorities of the rupture within the largest underground natural-gas storage facility west of the Mississippi River.
A report released on Feb. 4 by Dodge Data & Analytics ranks the New York City metropolitan area as both the largest and fastest-growing metro area in the nation for construction, with $35 billion in new starts during 2015, a 66% increase over 2014.
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