News

$10B Covid aid headed to states to keep roadwork on track

Some federal help is on the way for cash-strapped state departments of transportation, thanks to the recently passed Covid-relief package. The legislation, signed into law December 27, includes about $10 billion for state DOT road projects. The federal grants are intended to help states recoup revenue declines during the pandemic. Most states have less gas […]

Kia unveils new branding to ignite a bold transformation

Kia unveils new branding to ignite a bold transformation Kia has revealed its new corporate logo and global brand slogan that signify the automaker’s bold transformation and all-new brand purpose. The introduction of the new logo represents Kia’s ambitions to establish a leadership position in the future mobility industry by revamping nearly all facets of […]

Swerock acquires cement and mineral aggregate operations in Luleå, Sweden

Swerock acquires cement and mineral aggregate operations in Luleå, Sweden Peab’s subsidiary Swerock continues to grow through the acquisition of cement and mineral aggregate operations in the Luleå area. The acquired operations had net sales of around SEK 60 million in 2020 and four employees. Swerock acquired two quarries and a cement factory in the […]

EIB supports €1.128 billion urban transport in Egypt

EIB supports €1.128 billion urban transport in Egypt The European Investment Bank (EIB) and the Arab Republic of Egypt have signed a €1.128 billion agreement to support investments in the rehabilitation and expansion of metro and tram systems in Alexandria and Cairo. The EIB financing will contribute to increasing the availability and improving the quality of public transport systems in […]