Financial Review on Industrial Goods Stocks Foster Wheeler AG and Granite Construction Inc. - Heavy Construction Companies Battle for Contracts
(firmenpresse) - NEW DELHI, INDIA -- (Marketwire) -- 11/06/12 -- A decrease in public construction in the U.S. continues to be a concern for the heavy construction industry, within which companies such as Foster Wheeler AG and Granite Construction Incorporated operate. Competition for available contracts remains spirited, and in some cases companies have landed projects only after offering deep discounts. The Heavy Construction industry has seen the above updates lately. And members can today access complimentary reports for two companies, (NASDAQ: FWLT) and (NYSE: GVA), serving this industry by following this link
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It is not all doom and gloom however. According to a recent article put out by the Associated General Contractors of America, construction spending rose to an almost three-year high in September, as spending in a number of private areas, such as houses and apartments increased. While this is a good sign, the article also stated that levels of public construction, which greatly affects the heavy construction industry, continued to be subdued. Several companies, including Granite Construction Inc., have been able to land infrastructure projects as of late though, and with the upcoming election soon to be decided, it will be interesting to see how it affects the heavy construction industry moving forward. Street-Wire.com posted financial analysis on Granite Construction Incorporated today, members can access it at
Companies with international operations have been outperforming their domestic-only peers in some cases, as growth from emerging markets has helped to buoy sales. China has newly laid out plans to spend $157 billion on infrastructure, and companies with operations in the area could benefit. The Middle-East is another area of growth, and select companies, like Foster Wheeler, have been winning contracts there. Foster Wheeler AG financial analysis available by signing up for free at
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Datum: 06.11.2012 - 13:00 Uhr
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News-ID 199932
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