Nov. 20, 2023 — Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc. (ABS), a battery manufacturer headquartered in Detroit, Michigan, U.S. Komatsu is planning to close the acquisition on Dec. 1, 2023, on the condition that all necessary procedures for the closing are completed.
HAMILTON, N.J. (Nov. 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 1% in October to 181.7 (2000=100) from the revised September reading of 180.3. Over the month, the commercial component of the DMI rose 2.0%, while the institutional component retreated 1.4%.
Leaders from Volvo Group and CRH met in Eskilstuna, Sweden, on Nov. 13 to sign a Memorandum of Understanding (MoU) to collaborate on opportunities to accelerate the transition to net zero. Both organizations aim to reduce emissions. Volvo Group's target is to have 35% fully electric sales by 2030 and to be net zero in its value chain by 2040. CRH is targeting a 30% reduction in group-wide emissions by 2030 and to become a net-zero business by 2050.
PHOENIX (Nov. 13, 2023) – McCarthy Building Companies Inc. recently began construction of four new large-scale solar projects located in the Southwestern U.S. and are targeting Inflation Reduction Act (IRA) compliance. The projects, which are in varying stages of construction, will bring a combined total of over 1 gigawatt (GW) of renewable energy to communities in Arizona and Texas once fully commissioned.
WASHINGTON, (Nov. 8, 2023) — The U.S. Senate voted 50-48 to overturn President Joe Biden's decision to waive some Buy America requirements for government-funded electric vehicle (EV) charging stations, but the White House said he would veto the measure.
The White House argued the Republican bill would eliminate entirely the domestic manufacturing requirement for government-funded EV chargers "thereby harming domestic manufacturing and American jobs."