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Russians do not save on repairs and cottages

Profit of DIY retail chains located in Russia turned out to be better than estimated last year. The experts predicted that in the end of 2014 DIY market in Russia would grow 6% in rubles, that is the minimum of the years before. However, the growth got to 10% (1,5 bln rubles), which is bigger then the growth in 2013. The representative of the... More →

PVC pipes in Russia and CIS - recent trends

Pipe lines in Russia ( water pipes and canalization pipe systems mainly) and its overall situation in the sector is one of the most discussed topics in the Russian economy. The whole length of pipe lines in Russia is 700,000 kms, or 5 km per one Russian citizen, and drinking water usage is over 15 bln cubic meters. Over half of all the pipelines... More →

JCB India launches JS205LC tracked excavator

JCB India Ltd., one of the largest manufacturers of construction equipment, today unveiled the new JS205LC tracked excavator, developed and manufactured in India for the Indian market. The new excavator features a rugged structure, superior operator controls and a number of technological innovations. The company claims that the new fuel-efficient... More →

China insulation market growing 9.4 percent...

CLEVELAND -- Demand for insulation materials in China is projected to grow 9.4 percent annually through 2016, to $10.56 billion, driven by continued expanding construction and manufacturing. According to a new report from Cleveland-based Freedonia Group Inc., foamed plastics will continue to dominate the Chinese insulation market, accounting... More →

Hotel construction boom in Russia continues...

Within the next year the new winner of 2014 Olympia will be awarded: the Winter Olympics 2014 will take place in Sochi at the Black Sea and several new hotels will be built in this paradisiac vacation destination in southern Russia for this sport event.

The largest construction project will be a building complex with six new luxury... More →

DSM and Russian firm to cooperate on biotech...

As part of the agreement, DSM Dyneema and Russian firm RT Chemcomposite will investigate establishment of a joint venture for the production and sales of unidirectional products based on UHMWPE fibers. Royal DSM (Heerlen, The Netherlands) announced on April 8 that it has signed a memorandum of understanding (MOU) for a strategic partnership... More →

Russia: Novatek to Ink Yamal LNG Construction...

Russia’s largest independent gas producer Novatek plans to sign the EPC contract on construction of the Yamal LNG terminal in one-two weeks, the company’s CFO Mark Gyetvay said, Interfax informs. He also revealed that, after the signing, the company can provide a more exact figure concerning construction costs. The current cost... More →

Brazil extends tax breaks to construction...

Finance Minister Guido Mantega said the new stimulus, which includes an extension of a payroll tax exemption for homebuilders and the construction industry, will help boost investment and reduce home prices. He added that the government planned to announce more measures later this week. With the exemptions, the government will forego 2.85-billion... More →

Ukraine, Russia began nuclear fuel plant...

Ukrainian state firm Nuclear Fuel and Russian fuel company TVEL on October 4 began the construction of a nuclear fuel plant in Ukraine. "Today we have launched a big project, the biggest during Ukraine's independence, to ensure the energy independence of our country," Ukrainian Prime Minister Mykola Azarov told journalists after a ceremony marking... More →

Fluor marks launch of new Brazilian JV

Fluor and Brazil’s Construcap introduced their new joint venture to clients and dignitaries. This summer, Fluor and Construcap formed CFPS Engenharia e Projetos to pursue engineering, procurement and construction management services in Brazil. Construcap has been active in the Brazilian market for nearly 70 years and is one of Brazil’s... More →

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