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CBO Editorial Staff

  • Equipment

    Palfinger AG signs two joint ventures with Sany Heavy Industry

    (Feb. 28, 2012) – PALFINGER AG, headquartered in Salzburg (Austria), and Sany Heavy IndustryCo.,Ltd headquartered in Changsha (People’s Republic of China), entered into an agreement on the establishment of two joint venture companies in which both parties will each hold 50 per cent of the shares. SanyPalfinger will primarily produce and sell PALFINGER products in Changsha for the Chinese market; PalfingerSany, with its registered office in Salzburg, will distribute the mobile cranes produced by Sany in the global market outside China. The establishment of the two joint ventures is subject to the approval of the authorities. Herbert Ortner, CEO of PALFINGER AG, states: “With the establishment of these two joint venture companies, we have taken a big step forward in our internationalization strategy. We now have...

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  • Resources

    Structural Steel Work Completes on Torrance Memorial Medical Center

    TORRANCE, Calif. (March 1, 2012) — Construction is one step closer to completion on the new $450 million Torrance Memorial Medical Center Patient Tower.  Located on the existing medical center site at 3330 Lomita Boulevard in Torrance, Calif., the project reached a major milestone when construction workers placed the final piece of structural steel on the 398,350-square-foot facility. McCarthy Building Companies, Inc., is serving as general contractor for the project which began construction in February 2010. During the steel erection phase, iron workers from Herrick Steel placed 5,820 pieces of structural steel within three months in order to build the frame for the new tower. The project team celebrated the topping out of structural steel on February 23, 2012 during a barbecue luncheon held for...

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  • Software

    Tekla BIMsight Wins in Most Innovative Products Contest

    (Feb. 28, 2012) – Tekla BIMsight, the BIM software application for model-based construction project cooperation, was awarded was awarded Expert’s Choice in the Most Innovative Product Contest at the World of Concrete exhibition in Las Vegas, NV. The contest was held at World of Concrete, a leading international event dedicated to the commercial concrete and masonry with over 1,200 exhibitors and more than 50,000 visitors. A panel of industry experts chose Tekla BIMsight as the winner of the Experts’ Choice in the Business Tools and Software category. What made Tekla BIMsight a winner? “We are delighted to receive this award“, says Risto Räty, the Executive Vice President of Tekla Corporation.  “Tekla BIMsight has now received two international awards within six months. As in last November...

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  • Equipment

    U.S. Construction Machinery Exports Gain 43 Percent in 2011

      (Feb. 24, 2012) – U.S. construction equipment exports increased 43 percent in 2011 compared to the previous year for a total $23.5 billion of machinery shipped to other nations, according to the Association of Equipment Manufacturers (AEM). This follows growth of 28 percent in 2010 after a 2009 decline of 38 percent in the depths of the recession. “Export sales continue to help U.S. construction equipment manufacturers stay open for business and sustain American jobs, especially with the domestic construction sector still recovering,” stated Al Cervero, AEM vice president construction sector. AEM and its I Make America campaign have pushed for export-friendly policies that create and sustain American jobs. These include free trade agreements such as the U.S.-Korea FTA being implemented, which will eliminate...

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