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New York (dpa) Oshkosh Truck Corp, a maker of military, emergency, construction and garbage-collection vehicles, plans to buy construction firm JLG Industries Inc for 3.2 billion dollars, the two companies said Monday. McConnellsburg, Pennsylvania-based JLG is primarily a maker of construction equipment - including forklifts, work platforms and specialty vehicles - and will form the largest portion of Oshkosh's four business sections. Oshkosh has been expanding into new fields through a variety of acquisitions in the last 10 years as the company - based in the city of the same name in Wisconsin - seeks to reduce its dependence on defence contracts. The acquisition, which still needs the approval of JLG shareholders, would create a company with annual sales of 6 billion dollars and about 13,000 employees Related News
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Just out today: the 2006 J.D. Power New-Home Builder Customer Satisfaction Study. If you're thinking of buying a new home, you owe it to yourself to check out this rich trove of information. (Full disclosure: J.D. Power is a sister unit of BusinessWeek in the McGraw-Hill Companies). You can find a press release about the study here. Pulte Homes and Centex Homes come out smelling like roses in sawdust. Pulte, including its Del Webb and DiVosta brands, ranks highest in 14 of 34 markets included in the study. Centex Homes ranks highest in 13 markets. Buying a new home can be frustrating. See if this blurb from J.D. Power comports with your own experience: More than 90 percent of new-home buyers report experiencing at least one construction problem with their new home.
NEW YORK, Oct. 16 /PRNewswire/ -- McGraw-Hill Construction has entered into an agreement with the Associated General Contractors (AGC) of California to publish California Constructor, a monthly magazine for its members. This agreement expands the collaboration between McGraw-Hill Construction and the AGC of California. McGraw Hill Construction and AGC of California formed an alliance in 2003 which provided the AGC of California members substantial savings for all McGraw-Hill Construction project news products, including the McGraw-Hill Construction Network®, Network for products, and its online bid management module. According to Norbert W. Young, Jr., president of McGraw-Hill Construction, "The expanded alliance will leverage the core competencies of each organization and will enable AGC of California to devote more time and resources on issues important to the state's construction industry." "We are pleased to partner with McGraw-Hill Construction to increase AGC's visibility.
A FOOD Complex in Davao City, with an estimated cost of P1 billion, has been proposed by the Southern Philippines Construction Core Group (SPCCG) to be established in Daliao, Toril to further develop and promote industries with high growth potentials.
SPCCG, which comprises representatives from private sector partners, namely: the Davao City Local Government Unit, the National Development Company (NDC), and the Department of Trade and Industry (DTI), comes up with the plan to transform Davao Region as the food processing and consolidation center in Mindanao, as well as the shipment hub for domestic and export markets.
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