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.
Turkish company Hakan Mining and Electricity Generation Industry Inc. has signed a power purchase and concessional agreement with Rwanda to design, build, finance, own, operate and transfer an 80-MW peat-to-power plant on the eastern African country’s marshland area of Gisagara, located on the border with Burundi.
Chinese contractor Anhui Foreign Economic Construction has filed suit to challenge a directive by Namibia’s President Hage Geingob halting a $477-million airport upgrade the company was awarded in early December.
Residential sector rises 5% from last month, but non-residential projects dip 1% and the non-building category declines 2%, Dodge Data & Analytics reports.