Honda highlights its green hydrogen power ideas.

Honda Motor Co. is expanding the usage of hydrogen to include trucks and construction equipment, electricity for buildings, and possibly outer space, in addition to cars on the road. Honda plans to launch a new fuel cell car next year, equipped with a fuel cell stack created in collaboration with...

In Nigeria, Daewoo E&C has opened a new construction instruction facility.

Daewoo E&C, a construction firm in South Korea, announced on Friday that as part of a community service initiative, it has opened a vocational school to educate future generations of welding and scaffolding specialists. Daewoo E&C announced that it has opened a training center in Nigeria,...

SCG Showcases Sustainable and Innovative Materials for Construction

SCG has been successful in showcasing its sustainable and innovative construction materials, packaging solutions, and chemicals to multiple businesses leads at the Thailand Pavilion at Dubai Expo 2020. The SCG booth was appreciated greatly by entrepreneurs visiting the pavilion.

It host...

Sports Hub’s Breach of Contract

Dragages Singapore, a construction company is claiming 14.8 million Singaporean dollars in a lawsuit against 2 Hong Kong firms over alleged breach of contract. Dragages has said that the firms did not carry out their part of the deal for the roofing works at the Singapore Sports Hub.

Dr...

NBCC (INDIA) BAGS UTTARAKHAND PMC SERVICES WORK ORDER

HIGHLIGHTS

• NBCC (India) has bagged Uttarakhand PMC services work order.
• NBCC (India) is going to construct new building for National Institute of Technology.

The shares of National Buildings Construction Corporation Ltd (NBCC) (India...

NBCC (INDIA) IS THE NEW PMC CONSULTANT FOR FCIL OFFICE BUILDING

HIGHLIGHTS

• NBCC (India) has announced that it is the new PMC consultant for the new FCIL office building.
• The building is supposed to be constructed in Noida.
• The share price of NBCC (INDIA) increased slightly after the official announcemen...

S. KOREA’S HANJIN HEAVY TO BE SOLD OFF TO DONGBU CORP.

Highlights –

• S. Korea’s Hanjin Heavy to be sold off to Dongbu Corp.
• The company’s shares ended low on Friday trading at 7,650 won.
• KDB, creditor of Hanjin Heavy will sell 66.85 percent of its stake in the company to Dongbu...

U.S GLOBAL ASSET MANAGER BLACKROCK DE-REGISTERS FROM SHANGHAI UNIT

Highlights –

• U. S Global asset manager BlackRock de-registers from Shanghai unit.
• It voluntarily cancelled the business registration of its WFOE unit in Shanghai.
• China had opened its mutual fund industry to foreign managers last Apri...

DOOSAN HEAVY DECIDED TO SELL 35% OF ITS STAKE IN DOOSAN INFRACORE

Highlights –

• Doosan Heavy decided to sell 35% of its stake in Doosan Infracore.
• Doosan Heavy will sell its stake for $757 million to Hyundai heavy Industries Holdings Co.
• Doosan Heavy disposed of 76 million shares of its construction ...

DOOSAN INFRACORE REPORTS AN INCREASE IN SALES OF ITS CONSTRUCTION EQUIPMENT IN 2020

Highlights –

• Doosan Infracore reports an increase in sales of its construction equipment in 2020.
• The sales increased by 18 percent in 2020.
• The company is said to have sold 4,000 units of construction equipment, like excavators and w...

SHORTAGE OF STEEL RODS IN INDIA AFFECTS CONSTRUCTION INDUSTRY

HIGHLIGHTS

• In India, input costs of construction steel are increasing.
• Unable to keep up with higher input costs, construction steel producers have limited production and thus limited sales.
• Scarcity of steel rods is slowing down constructi...

DOOSAN INFRACORE CO. REPORTS AN INCREASE IN ITS EXCAVATOR SALES IN CHINA

Highlights –

• Doosan Infracore Co. reports an increase in its excavator sales in China.
• In the country itself, the company sold 18,686 excavators in 2020.
• Hyundai Heavy Industries Holdings Co. signed an initial deal to buy out Doosan I...

CRCEG CONSTRUCTION OF CHINA-LAOS RAILWAY LINE AT LAOS’S BORDER GATE CONCLUDES

Highlights –

• CRCEG construction of China-Laos railway line at Laos’s border gate concludes.
• The roof-sealing ceremony was held on Tuesday at the station.
• The project started in December 2016 and will be operational from December...

FIRST MAJOR HYBRID URBAN COMPLEX TO BE BUILT IN HELSINKI, FINLAND

Highlights:

• The construction of the first ever major hybrid complex is all set to take place in the city of Helsinki in Finland
• The new structure will be including a tram dept, a shopping center and also several residential flats

The...

KUBOTA CORP. PLANS ON BUILDING A NEW CONSTRUCTION EQUIPMENT PLANT IN KANSAS, U.S

Highlights –

• Kubota Corp. plans on building a new construction equipment plant in Kansas, U.S.
• The company is planning on capitalizing on rising housing demands in U.S suburbs.
• The company plans to invest up to $93 million by 2026 in...

SINGAPORE CONSTRUCTION WORKERS FROM DORMITORIES GETS TO WORK UNDER SAFE REGULATIONS, SAYS BCA

HIGHLIGHTS

• Some laborers of the construction industry need not take approval from BCA as they can start working by taking necessary precautions.

Some of the areas of their work include home redesigns, maintaining lifts, facilities management, v...

UK BUSINESSES MAY SEE HEALTH AND SAFETY CHALLENGES DUE TO BREXIT

HIGHLIGHTS

• The future of the UK’s health and safety status is at risk due to Brexit.
• Brexit will be effective very soon.

The European Union (EU) and United Kingdom (UK) hold high reputation due to health and safety law, particu...

KCC CORP. BONDS UNDER-SUBSCRIBED BY INVESTMENT INSTITUTIONS

Highlights –

• KCC’s AA-rate bonds undersubscribed amid doubts about the construction market
• KCC attracted $7 million for its first offering of $12 million worth.
• Investors remain pessimistic towards the construction market.
...

SEOUL: FIRE AT A BUILDING SITE KILLS 38 PEOPLE

An accident which resulted into taking lives of 38 people took place in the capital city of South Korea. The cause of this accident was fire which broke out at a building site, situated in Icheon, south of Seoul.
Rescue work is still on and officials suspect about more people could trapped...

Building technology is raising $8.5 million for global expansion

Buildxact has recently raised $8.5 million to provide housing solutions to the many commercial challenges that Melbourne's construction technology company face.

Aconex's co-founder Leigh Jasper joined the Board of Directors of the Company and took up a position as Innovation Dir...