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The Manitowoc Company reported sales of US$949.8mn for the second quarter of 2011, a rise of 15.9 per cent over Q2 results for 2010.
Manitowoc sees Q2 results rise on growing demand for cranes
Construction
Liebherr profits in 2010 reach US$1.9 billion
The Liebherr Group benefited from the global economic recovery which saw the company return to growth in 2010. Its total turnover rose by 9.0 per cent to US$1.9 billion in 2010.
Atlas Copco increases its focus on the construction sector
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Atlas Copco Group recently created a fourth business area, Construction Technique, that will enable the company to intensify the focus on construction customers and products and to optimise the synergies between its construction-related divisions.
Saudi Arabia is the cheapest country in the region for construction
The annual International Construction Cost report by EC Harris has revealed that Saudi Arabia is the cheapest country and Bahrain is the most expensive country in the Middle East to build in.
Qassim Cement announces preliminary Q2 2011 results
Qassim Cement (QCC) recently announced its preliminary Q2 2011 results, which were in-line with analysts expectations but showed relatively weak Q2 2011 numbers, Saudi bank NCB Capital (NCBC) stated.
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