With a self-imposed deadline looming, Terex Corp. has called off talks with Zoomlion Heavy Industry Science and Technology Co. for the China-based equipment maker to acquire the U.S.-based company. Terex had announced on May 16 that it would be selling its material-handling and port-solutions [MHPS] business to Finland-based Konecranes for $1.3 billion, and that deal is expected to close in January 2017.
Expecting to gain in an oil-services market that is showing signs of a recovery, sector engineering- construction giant Technip, Paris, and FMC Technologies, Houston, are set to merge next year to create an estimated $20-billion megafirm, the companies announced on May 19.
A Tennessee road and bridge builder has agreed to pay $2.25 million to settle a whistle-blower lawsuit that accused the firm of fraud by putting its own employees on the payroll of a disadvantaged business enterprise it used to get contracts for 12 projects in Tennessee.
Construction on the $2.1-billion Gordie Howe International Bridge, which will run between Detroit and Windsor,
Ontario, could begin as early as next year.
KBR Inc., Houston, on May 23 said it would acquire Wyle Inc., an El Segundo, Calif.-based provider of specialized engineering and professional services, mostly to the U.S. government.
With concern about global warming prompting 177 countries to sign the December 2015 Paris Agreement to reduce greenhouse-gas emissions, the removal of carbon dioxide from power-plant flue gas is becoming an urgent priority.
RSS
