Construction lender Wells Fargo & Co. has called into question the viability of concrete-pump supplier Schwing America Inc. in a recent bankruptcy filing. The brief, filed on Nov. 27 in U.S. Bankruptcy Court, District of Minnesota’s St. Paul Division, claims St. Paul-based Schwing booked net losses for the past three years on revenue that declined 34.8% in 2008 and is projected to fall another 65% this year, to $64 million. The North American subsidiary of Germany-based Schwing Group has received “artificial support” from its parent and “is not viable as a going concern,” the bank claims. The manufacturer filed for
Arch dams, classically curved monoliths situated in narrow valleys, are not as common as other types of dams, such as embankment dams and gravity dams. ENR takes a look at some of the biggest arch dams in the world, both completed and under construction.