Construction news

According to GlobalData’s report, the Australasian construction industry is forecast to record a successive contraction in 2023, of 1.5%, mainly due to a continued decline in construction output.

Menzel Elektromotoren has manufactured four crane motors with the exact electrical and mechanical interfacing positions of a make that is no longer available today.

Holcim acquired Wiltshire Heavy Building Materials (Wiltshire), one of the leading building solutions and material circularity companies in the UK, with net sales of over CHF 20m in 2021.

CEMEX’s corporate venture capital and open innovation unit, have announcced that they are investing in a global early-stage venture fund, Zacua Ventures, aiming to tackle the construction industry’s biggest challenges in sustainability.

Construction activity in Australasia and New Zealand slowed in the first quarter of this year, with outbreaks of the Omicron variant, flooding in eastern Australia, and rising construction material and labour costs disrupting construction works.

CEMEX has provided over 3000 m³ of concrete for the development of the Sandwell Aquatics Centre, due to be used for the diving and swimming competition in the Commonwealth Games this month.

Construction output in Eastern Europe and Central Asia is forecast to contract by 3.4% in 2022, found GlobalData.

Today, Glenigan, one of the construction industry’s leading insight experts, releases the July 2022 edition of its Construction Index.

Construction output in North America is forecast to grow by 2.4% in 2022 despite rising material prices and interest rate hikes, says GlobalData

Owing to ongoing economic instability in the form of high inflation, currency depreciation and rising prices for energy and construction materials, Egypt’s construction industry growth is expected to stand at 9.7% in real terms in 2022, following an 8.5% growth in 2021, found GlobalData, a leading data and analytics company.