QATAR/GERMANY: Qatar Holding to become major shareholder of Hochtief

Qatar Holding LLC (Doha) has become a major shareholder in the German contractors, Hochtief Aktiengesellschaft.

After acquiring all new shares, Qatar Holding will, as soon as the capital increase is registered with the commercial register, hold almost 9.1% of the new capital stock. The Ad-hoc Committee of the Hochtief Supervisory Board has approved the capital increase. Qatar Holding LLC is the strategic and direct investment arm of Qatar Investment Authority

GERMANY: Züblin and VMT establish JV for infrastructure projects

German companies Ed. Züblin AG, Stuttgart, and VMT GmbH – Gesellschaft für Vermessungstechnik – Bruchsal, are to combine their know-how in the area of software-based process steering for tunnelling in a joint-venture.

Headquartered in Stuttgart, the newly established company, ITC Engineering GmbH & Co. KG, will jointly market efficient software systems for Process Data Management (PDM) in the construction sector. Further developments will focus on the web-based expert system for infrastructure projects IRIS (Integrated Risk and Information System).

India/Australia – Multi-billion dollar mine contracts for Hochtief

Mine contracts in India and Australia for combined total of EUR 4.16 billion including production at Indian coal mine for period of 22 years.

Via its Group companies, HOCHTIEF subsidiary Leighton secured new mining contracts worth approximately EUR 4.16 billion (AUD 5.66 billion): Thiess as member of a joint venture will develop the Pakri Barwadhi coal mine in India, operate it for a period of 22 years and produce some 300 million tons of coal there.

Over the 22-year contract duration, the project has a volume of EUR 4.04 billion (AUD 5.5 billion) on total. The Leighton Group’s share of this is almost EUR 3.64 billion (AUD 4.95 billion).

Only recently did Leighton Contracts also win a mining contract: The company will undertake coal mining at the Dawson Mine in Australia for a period of two years. The contract is worth nearly EUR 119 million (AUD 159 million).

For the Pakri Barwadhi Mine, Thiess will first build the required infrastructure, including coal processing plants. The company shall subsequently mine coal, remove overburden and operate processing and rail loading facilities. The client is NTPC, India’s largest electricity generator and a Government of India enterprise. The company plans five more coal mines.

SOUTH KOREA: New plant opened by Doosan Infracore

Doosan Infracore has officially opened a new plant at Gunsan in Jeonbuk province, South Korea, for production of the largest models in the company’s excavator and wheel loader ranges.

The new plant, which increases the company’s global production capacity by nearly 10%, is responsible for manufacturing the six largest excavator models and the four largest wheel loader models.

SWEDEN: Dynapac order for China

Atlas Copco has received an order for Dynapac-branded rollers and pavers from Xuzhou Gongli Road and Bridge Construction Machinery Co. Ltd, valued at approximately US$24 million. The order was signed at a formal ceremony during the Bauma exhibition in Shanghai, China.

BRAZIL: NC² Launches International Trucks

NC² is launching the International truck brand in Brazil with two proven vehicles and a powerful dealer network.

The heavy-duty International 9800i is now available, and the semi-heavy-duty International DuraStar will be available beginning in 2011.

Already firmly established in foreign markets, both vehicles will be offered with innovative features tailored to the needs of the Brazilian market. Both also come with a one-year, unlimited mileage guarantee, with an extended warranty option for engines and other systems. And both are backed by a strong dealer network and outstanding parts and service support.