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...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
...On Thursday it also agreed a £80mn construction loan for new serviced apartment buildings, and replaced an existing construction facility with a £132mn loan on a mixed-use building that includes offices,...
...“Decoupling from China will be difficult immediately, but we can gradually replace Chinese companies to a meaningful extent.”...
...Salmon, who joined Trafigura in 2012 and served as finance chief for almost 10 years, will retire in June and be replaced by the company’s CFO for Asia, Stephan Jansma, the company said on Friday....
...Salmon, who joined Trafigura in 2012 and had served as CFO for almost 10 years, will be replaced by the company’s CFO for Asia, Stephan Jansma....
...at the research company Capital Economics....
...Rivian is pausing construction of a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Rivian is pausing construction on building a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Matthew Pointon, senior property economist at the research company Capital Economics, said commercial construction had “been contracting since September last year as developers wait for the outlook to stabilise...
...Trafigura’s chief financial officer Christophe Salmon is set to retire in June, and will be replaced by Stephan Jansma, the company’s CFO in Asia....
...Tim Moore of S&P Global Market Intelligence said construction companies were “increasingly optimistic that the worst could be behind them soon as recession risks fade and interest rate cuts appear close...
...a mainland Chinese real estate company....
...Pål Kildemo, chief financial officer of the Norwegian company, said this construction crash because of high rates and rising building costs had hit the aluminium sector hard, undermining earnings of Hydro...
...Mark Hoplamazian, chief executive of US hospitality group Hyatt, said building new hotels had become harder due to “very tough” markets for raising capital, causing the company to turn instead to converting...
...But he said “expectations of falling interest rates during the months ahead” appeared to have supported confidence at construction companies....
...February’s figure was bolstered by growth of 7.9 per cent in the construction sector, reflecting unseasonably dry weather....
...The ensuing Chips Act aims to encourage construction of new chip fabrication facilities (fabs) in the US....
...Construction materials group Breedon has had an eventful 12 months....
...A survey by the German Chamber of Commerce and Industry (DIHK) in November found that just over half of the country’s construction companies were struggling to fill vacancies....
...Economists expect the weakness in the construction sector to continue as interest rates remain elevated....
...During the initial review of the private-sector proposals, the Chinese consortium consisting of China Railway Construction, China Communications Construction and the Export-Import Bank of China, was seen...
...The company expects to build 7,500 homes in the 12 months to July, down from almost 11,000 in the same period a year ago. Shares were broadly flat in morning trading on Tuesday....
...That can no longer be taken for granted with state-owned China Construction Bank (CCB) taking rare legal action against the troubled mainland developer Shimao Group....
...The construction sector is also facing a reckoning as a result of its environmental impact....
...Its current US ebitda margin of 27 per cent exceeds the rest of the company....
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