Browsing: Industry News

Govt finds land for offsite cut and bend

Contractors could be in for some big savings in steelfixing costs if plans for land to house an offsite cut and bend facility for steel reinforcement fabrication get the go ahead from the government. Responding to


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Build King annual profit plunges 19%

Mid sized contractor Build King Holdings (0240) saw its annual profit plunge 19 percent despite a government driven construction boom that has brought full order books for many contractors, In its annual results released last Friday,


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New public works contracts worth HK$80 billion

Public works projects with a total value of nearly HK$80 billion are set to awarded in the new financial year as the government maintains its high level of capital works expenditure. According to the estimates included


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Budget gets thumbs up from construction industry

The government’s new budget may have been panned for not doing enough to help the needy, for the construction industry at least the continuing high level of public spending on infrastructure and new spending proposals in


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Libel trial looms for concrete producer

A civil trial is looming over allegations of defamatory remarks made by a trade organisation of concrete producers and other persons and companies concerning a concrete batching plant in Yuen Long. The case concerns Excel Concrete


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Hopewell interim profit leaps to HK$10.4 billion

Revaluation gains on investment property and on land under redevelopment helped infrastructure and property company Hopewell Holdings (0054), controlled by tycoon Sir Gordan Wu Ying-sheung, push its interim profit 470 percent to HK$10.4 billion. In its


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Sacré bleu! PY changes name to….Louis XIII

Mid-sized contractor PY Engineering (0577) is proposing to change its name to better reflect its new business orientation as a casino property investment company. In a stock exchange announcement last week, the company said it plans


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Yau Tong’s dissenting owners

Yau Tong dissenting owners There are four remaining owners who are still not playing ball with the developer in the Yau Tong shipyard redevelopment project. The owner of Wing Shan Industrial Building has been a thorn


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Coming to Hong Kong, Asia’s largest precast unit

A gigantic precast unit, possibly Asia’s largest ever precast unit, is set to arrive in Hong Kong next month to be installed as part of the Central-Wanchai Bypass. “The whole precast unit is being manufactured at


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More engineers needed

The construction industry could face a severe shortage of engineering staff if the government continues to pile on more work for contractors and consultants, according to the Hong Kong Institution of Engineers. Staff vacancies in engineering


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