Vietnam Dong Slumps to Record Low as Adviser Warns of ‘Shock’

By Bloomberg News

Aug. 19 (Bloomberg) -- Vietnam’s currency dropped for a fourth straight day to a record low after an adviser to the Prime Minister said the country risks a foreign-currency liquidity ‘shock.’

The warning came after the central bank yesterday devalued the currency for a third time in the past year to boost exports and shore up the nation’s trade deficit that has nearly doubled in the seven months through July. The currency has slumped 5.2 percent in 2010, the worst performance among 16 currencies in Asia monitored by Bloomberg. Forwards contracts signal traders are betting on an 8.5 percent drop in the coming year.

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Komatsu Hybrid Excavator Exceeds Expectations

Source: Komatsu
Publication date: March 16, 2010

Late in 2009, Komatsu America introduced the first of ten Hybrid PC200LC-8 excavators into the U.S. market to test the innovative equipment that was designed to reduce environmental impact by saving fuel and reducing green house emissions.

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Hybrids make push into heavy equipment sector

January 8, 2010

Construction Corner | Korky Koroluk 

It took a decade of research and development, but the first diesel-electric bulldozer has been delivered to a customer — and he loves it. It will, he says, save his company money.

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All terrain reliability - A case study

A picture of dump truck at a mining site.

Dump trucks fitted with automatic transmissions are making a big difference to the mining sector. Construction Week India presents a case study

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Heavy industry to see growth in 2010

Submitted on Wednesday, 23 December 2009

The Commerce Ministry is confident the country’s heavy industry would be able to expand and compete in the global market next year. Infrastructure services, if quickly improved, could promote a better investment climate in Thailand. Logistic costs, for example, are reported by firms to be higher for them in 2007 compared to 2004. This is particularly true for industries that are located in regions other than Bangkok and vicinity or the East where the major markets and ports are located. They include the food processing and furniture industries.

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Hyundai Heavy Industries to increase the field of marine R&D

13/11/2009

In response to the financial crisis, South Korea’s Hyundai Heavy Industries to new products for efficiency in the production equipment and shipbuilding areas of technology research and development products, has developed a welding robot control technology, and automatic power-off electrical devices, automatic remote control ballast tank valves, etc. products.

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Cat unveils first electric drive tractor

Caterpillar Inc. delivers its first D7E tractor to TJ Lambrecht Construction of Joliet.

PEORIA, Ill. — Caterpillar Inc. unveiled the first-of-its-kind electric drive track-type tractor in ceremonies Tuesday. Caterpillar Group President Doug Oberhelman, who takes over as Caterpillar CEO next year, praised the technical advances of the D7E model along with the workers at the SS plant where the tractor was assembled.

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New Copper Mine Moving Forward

28/12/2009 Arizona mine could begin yielding copper in 2012

Augusta Resource Corp. is reportedly moving ahead with its planned $900 million investment to mine the Rosemont copper-molybdenum deposit near Tucson, Ariz. The site could become the third-largest copper mine in the United States, although plans to mine the deposit have met with concerns from some local residents and environmental groups.

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