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Putzmeister and Sany merge

January 31, 2012
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Putzmeister and Sany merge

Putzmeister Holding GmbH (“Putzmeister”) and SANY Heavy Industry Co., Ltd (“Sany”) have announced the signing of an agreement on the merger of both companies. Sany, together with the Chinese Private Equity company CITIC PE Advisors (Hong Kong) Limited as a minority shareholder, thereby acquires 100 per cent of Putzmeister. The final closing of the deal is subject to approval by the relevant authorities and the customary closing conditions. Both parties agreed not to disclose the financial terms of the transaction.

Putzmeister develops, produces and sells construction machinery world-wide, especially concrete pumps, for the building- and mining-industry, as well as for tunnel construction and large-scale industrial projects. Sany, based in Changsha, China, is a large Chinese producer of construction machinery and market leader for concrete pumps in China, which is the largest and fastest-growing market for concrete pumps and other industrial equipment world-wide. The business activities of Putzmeister and Sany are highly complementary geographically. The merger of the Chinese market leader in concrete pumps with the leading provider in most markets outside of China thus follows a clear strategic and industrial rationale: the creation of the global market leader for concrete pumps.

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Time for Washington to do More than Talk About Infrastructure and Job Creation

January 25, 2012
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Time for Washington to do More than Talk About Infrastructure and Job Creation

Contractors World has said it many time, politician worldwide find it very easy and convenient to talk-the-talk but when it come to action, the ability to walk-the-walk is full of compromised and excuses. And we are not the only ones to think this way.

Here is a statement on State of the Union Address from Dennis Slater, President of Association of Equipment Manufacturers:

Last night President Obama spoke about the urgent need for growth in American manufacturing:

“We have a huge opportunity, at this moment, to bring manufacturing back. But we have to seize it. Tonight, my message to business leaders is simple: Ask yourselves what you can do to bring jobs back to your country,...

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Outdated Bidding Polices for Pavement Costs Taxpayers Billions

January 25, 2012
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Outdated Bidding Polices for Pavement Costs Taxpayers Billions

As oil prices rise and refineries adopt new technologies, industry experts are seeing a direct impact on the costs for states to build and maintain roads and highways. The lower “initial bid” of asphalt roads has disappeared, yet industry experts say many state departments of transportation (DOTs) have not changed their bidding policies.

At the 2012 World of Concrete this week in Las Vegas, Portland Cement Association (PCA) Chief Economist Ed Sullivan reported that to manage the new cost realities of asphalt and concrete DOTs must become “efficient” spenders.

“The free market is the best way to have efficient solutions to financial budget constraints,” Sullivan said. “However, old and irrelevant policies like the use of escalators benefit suppliers and...

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Trimble and Manitowoc Cranes Enter into a Development Agreement

January 25, 2012
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Trimble and Manitowoc Cranes, a part of The Manitowoc Company, Inc. has announced that they have signed an agreement to collaborate on the development of solutions that can harness precise positioning technology, wireless communications and comprehensive software capabilities to enhance productivity in the construction lifting industry. Trimble and Manitowoc intend to develop solutions that will transform the way in which crane operations and information are managed on a construction site.

By combining the strengths of Trimble and Manitowoc Cranes, the companies intend to develop a solution tailored for the lifting industry that provides real time, centimeter-level positioning data for multiple...

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Italian company, CTE reorganizes production

January 23, 2012
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Italian company, CTE reorganizes production

Following rumors which have circulated recently, the CTE Group has issued the following statement to clarify the situation.

The company says that following the acquisitions by CTE of the EFFER Group in 2006, which in addition to the EFFER lorry-mounted and marine crane business included also the BIZZOCCHI truckmounted aerial platform business, and as a consequence of the significant downturn of the market since the beginning of 2009, CTE Group has started a reorganization process of its manufacturing facilities which will lead to the following changes:

The production of part of the B-LIFT truckmounted platform production (currently manufactured in the “Bizzocchi”...

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Snorkel Enhances Customer Service in Latin America

January 23, 2012
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Snorkel Enhances Customer Service in Latin America

Leading aerial lift manufacturer Snorkel is enhancing its customer service in Latin America.

Mike Falcon has been appointed as Regional Sales Manager for Latin America. Mike has 25 years experience in the aerial lift industry, including 18 years with UpRight from 1983 to 2001.

In his new role, Mike is responsible for developing Snorkel's existing distributors in the region, strengthening the dealer network with new appointments and supporting the sales growth strategy. He is based in Tampa Bay, Florida and is fluent in Spanish and English.

Mike said:

"I am delighted to join Snorkel at what is a very exciting time for...

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