Corporate News: Page 2
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Carpenters union, Related strike deal for Hudson Yards
The developer of the $25 billion project in Manhattan said the agreement secures millions of man-hours for the New York City District Council of Carpenters, at rates that are up to 10.5% lower than the prevailing wage rate.
By Kim Slowey • Oct. 29, 2018
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Strike teams up with Sentinel Energy to form $854M business
Pipeline infrastructure contractor Strike's operations are expected to generate $1.8 billion in revenue this year.
By Kim Slowey • Oct. 26, 2018
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Skanska quits US P3 market, replaces civil division chief
President and CEO Anders Danielsson said the potential rewards of future U.S. public-private partnerships did not rise beyond the level of risk.
By Kim Slowey • UPDATED: Oct. 26, 2018 at 1:09 p.m.
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Fluor stock falls 17% on disappointing Q3 revenue estimates
The firm said that multimillion-dollar charges on two troubled projects put a dent in its projected third-quarter revenue, which falls short of analysts' forecasts.
By Kim Slowey • Oct. 12, 2018
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Covestro announces EU1.5B investment in Houston-area plant
The German polymer supplier chose to expand its Baytown, Texas, site — which already employs 1,000 — due to the area's low costs and existing infrastructure.
By Kim Slowey • Oct. 12, 2018
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North American Construction Group buys Aecon mining assets for CA$199M
Aecon, the Canadian construction giant, is selling its mining assets as its focus turns to infrastructure and industrial work.
By Kim Slowey • Oct. 04, 2018
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What you need to know about talent management
The most underestimated tool in the HR toolbox may be your front-line managers — and forward thinking HR pros are making manager development a key part of their business strategy.
By Kathryn Moody
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5 joint ventures vie for $650M New York lab project
Teams that include Skanska, AECOM Tishman, McCarthy, Turner and more have until Jan. 15 to submit proposals for the state Department of Health's new public health lab.
By Kim Slowey • Sept. 18, 2018
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Tutor Perini's Q2 backlog a record $8.7B
Although its earnings declined 14.5% to just under $28 million, its current and future contracts value increased 15% from the same quarter last year.
By Kim Slowey • Aug. 15, 2018
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AECOM hit record $5B revenue, earned $61M in Q3
Despite the sales boost, the construction giant's income was down nearly 40% from the prior year's third quarter. An executive said the firm is trying to narrow its focus rather than "being all things to all people."
By Laurie Cowin • Aug. 10, 2018
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Jacobs posts strong Q3, touts last year's acquisition of CH2M Hill
The December absorption, which chairman Steven Demetriou said is surpassing expectations, has been a factor in the engineering-focused construction firm's year-over-year revenue gains of 65%.
By Laurie Cowin • Aug. 09, 2018
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LafargeHolcim acquires Denver-based concrete company
With the absorption of Metro Mix, the international cement and concrete giant aims to cash in on a building boom in the acquiree's regional market.
By Kim Slowey • Aug. 08, 2018
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WSP to buy Louis Berger for $400M
The acquisition will be a merging of international giants in the engineering professional services field.
By Kim Slowey • Aug. 01, 2018
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Skender plans Chicago modular manufacturing facility
The contractor-turned-modular builder said the plant will help merge design, manufacturing and construction into one process and shave up to 40% off schedule and 20% off costs.
By Kim Slowey • July 27, 2018
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Katerra plans more advanced, autonomous prefab plant
Robotics and automation will play a big part in the Tracy, California, plant's capacity to deliver the equivalent of 12,500 modular multifamily units annually.
By Kim Slowey • July 13, 2018
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Brasfield & Gorrie offers hands-on construction tech program
The contractor partnered with the University of Alabama to provide real-world experience with 3D printing, modeling and modular manufacturing methods.
By Kathleen Brown • July 11, 2018
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Populous introduces sports venue design-build service
The architecture firm's design-build service is tailored to meet the relatively short off-season in which venue owners can make changes.
By Kim Slowey • July 10, 2018
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Fortive to buy software firm Gordian for $775M cash
Fortive expects the construction software and data firm to generate $130 million this year and anticipates a 10% return on capital within five years.
By Kim Slowey • July 06, 2018
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Katerra's new company with Indian manufacturer KEF already has $3.7 billion in bookings
Katerra's latest in a string of acquisitions will see the offsite construction company create a new entity with KEF Infra and expand its global footprint.
By Kim Slowey • June 29, 2018
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AECOM teams with Chinese firm on integrated delivery
Among other projects, the joint venture has agreed to deliver the London Spire, which is expected to be the tallest residential development in Western Europe.
By Kim Slowey • June 12, 2018
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PCL ramps up sports construction business with new hires
PCL Construction's two new executives have worked on more than $6 billion of sports-related projects in the last four years.
By Kim Slowey • June 11, 2018
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Canada rejects Chinese firm's $1B Aecon buy, cites national security concerns
The Canadian government has been weighing the national security implications of the deal since February.
By Kim Slowey • June 06, 2018
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The top 10 commercial construction companies
These are the heavy hitters of the industry, with large-scale projects ranging from high-rises to hyperloops.
By Construction Dive Editors
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25K construction workers to be trained on fall protection
Ladder manufacturer Werner will hold more than 200 training sessions to help prevent the leading cause of U.S. construction deaths.
By Kim Slowey • May 03, 2018
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What you need to know about the construction industry's labor shortage
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