Construction industry performance continues to wane in October

Ai Group associate director of economics and research Tony Pensabene said the latest index reflected the impact of tight credit conditions, weak demand and deteriorating economic sentiment.“Although the latest data suggests that the rate of industry contraction eased slightly in October, conditions overall remain particularly subdued,” Pensabene said. Read more

Wearing out the welcome

To some of the more astute people in the industry, an investment in wear parts depends on many factors other than the ground conditions that a machine works in. These include the price of the steel being protected, the price and availability of labour, the volume of work and the price of hard facing and ground engaging tools. Read more

Quiz that rep, says Other

Are all systems equally compatible with all original equipment manufacturers?You will find that the largest grade control manufacturers’ [systems] will all perform adequately on the major-brand machines, although differences will persist. Read more

Leighton maintains 15% profit forecast

The construction giant said its work in hand had grown to $35.3 billion as at September 30, 2008, and since then the group had won around $2.4 billion worth of work. However, Leighton chairman David Mortimer said the company’s results for the first quarter of fiscal 2009 had been negatively impacted by the deterioration in asset values. Read more


According to ACCC chairman Graeme Samuel, the report shows that the Australian community has benefited from reforms that commenced a decade ago.“During this time, demand for stevedoring services has doubled,” he said.“The cost of using stevedoring services has fallen in real terms. Read more

Hitachi strengthens its hand

Kawasaki says it will spin off its wheel loader division around April next year. The new company will initially be a wholly owned Kawasaki subsidiary but Hitachi will buy a 34% stake before the end of 2009. Read more