Building, Construction Machinery

Doosan Heavy bags W220b deal

[THE INVESTOR] Korea’s top power equipment maker Doosan Heavy Industries & Construction said on June 27 that it has bagged a 220 billion-won (US$185 million) deal to build a desalination plant in Iran. Under the deal with the Iran-based Sazeh Sazan, the firm will construct the facility by October 2018. The Korean company will also do operating and maintenance work for 12 years. Doosan Heavy’s deal marks the first for a desalination plant in the Islamic republic after international sanctions on [...]

Overseas orders of Korean construction firms hit four-year low

Overseas orders won by South Korean construction companies fell to the lowest in four years, a trade association said Tuesday, in the latest sign that local builders are reeling from the impact of low oil prices. The combined overseas orders came to $14.1 billion between January and the second week of June according to data compiled by the International Contractors Association of Korea. The figures represent a 40 percent decline from $23.5 billion in the same period last year. Overseas orders [...]

Lotte, E-Mart deny bidding for Kim’s Club

Lotte Shopping and E-Mart, two of Korea’s major retail giants, on Monday denied making a bid for smaller hypermarket chain Kim’s Club. “We hereby officially deny media reports that our company is among the bidders shortlisted for the takeover of Kim’s Club,” E-Mart said in a regulatory filing. In a separate filing on the day, Lotte Shopping also denied any bid. Rumors have been brewing as to which of the country’s retailers is among the three bidders shortlisted for the acquisition of the [...]

Korea's housing market stays upbeat in Q4: report

South Korea’s housing market continued its upside mode in the fourth quarter of last year on the back of a government-led stimulus and low borrowing costs, a report showed Wednesday. Home prices in the country rose an average of 4.4 percent on-year in the October-December period, up from a 4.1 percent on-year gain in the previous quarter, according to a report compiled by the state-run Korea Development Institute (KDI). Seasonally adjusted home prices edged up 0.9 percent from three months earlier. Home [...]

POSCO E&C to build landmark in Busan

POSCO Engineering & Construction is taking on the challenge of building Korea’s tallest residential apartment complex –“LCT The Sharp” — near Haeundae, Busan. It was chosen in July to undertake the construction. The apartment complex will consist of three buildings, a 411.6-meter, 101-story landmark tower and two 85-story residential apartments both 339.1 meters high. The landmark tower will house an observatory, a tourist hotel run by Lotte Hotel and a residence hotel for long-term stay. The two residential apartments will have [...]

Daewoo E&C seeks sale of mall near Yongsan Station

Daewoo Engineering & Construction Co. is promoting the sale of “Yongsan Summit Square,” a shopping mall in Yongsan, central Seoul, company officials said Sunday. The officials said the mall in front of Yongsan Station was part of the high-rise residential complex “Yongsan Prugio Summit” that the company has constructed. The three-story mall includes 139 shops and is expected to draw high demand given that it is situated near AmorePacific, LG Uplus and some other major companies, according to Daewoo E&C. It added [...]

Ssangyong wins Dubai project

Ssangyong Engineering & Construction Co., a South Korean builder, said Wednesday it has clinched $1.6 billion worth of orders to construct a luxury hotel, as well as apartment and office buildings, in Dubai. An artist‘s rendering shows the 47-story hotel named Dubai Royal Atlantis. (Ssangyong E&C). Source:

Used Construction Equipment Information

Caterpillar heavy equipment is probably one of the best known of all construction machines. Buying used construction machinery is a cost effective way of building up your fleet of machines without having to spend your entire operating budget to do it. New machines cost a lot and in some cases can actually be twice the price of a good and reliable machine. If you are just starting your contracting operation you have a choice: buy two of the machines [...]

Buy Construction Machinery That Is Equipped With Latest Technology at Affordable Rates

With the technological development and economic growth, construction business is growing drastically in almost every part of the world. This is the leading reason why construction equipment is used in the construction industry to utilize the resources to the fullest. Besides construction industry, there are many other sectors like factories, large-scale industries, etc. in which these type of heavy construction equipment is used. It can be said that the purpose of using this machineries may vary from excavating, demolishing [...]

Construction Machineries for Modern Infrastructure

Modern Infrastructure needs high end construction machinery. Traditional and conventional building construction tools are not sufficient to build the world class infrastructure. The modern building product making machineries are quite useful and handy to complete the task with high accuracy and saving lot of human resources and time. Here it is discussed about few of the construction equipments that have been developed and modified to take up the construction needs for more swift operation with less resources and labor. Hydraulic [...]