Saturday, 8 April 2017

Balfour Beatty lined-up for Trump’s Mexican Wall

THE BLOOMBERG NEWS outlet has reported that 'Hundreds of companies have been eyeing work on President Donald Trump’s 30-foot [high] border wall with Mexico.'
Last month,  in the Daily Express claimed:
'BALFOUR Beatty is set to face tough questions over whether it plans to try and win work constructing President Donald Trump’s controversial wall along the US-Mexico border.'
The construction giant behind the London 2012 Olympic stadium has suffered a difficult few years, but has found significant growth in the US, which is now its biggest market.
If Balfour’s chief executive Leo Quinn does decide to try and win contracts for the wall, he could face stiff competition, especially since the President has stated he wants to favour US companies as part of his 'America First' policy.
About half of the business of Balfour Beatty is already in the USA.
Although Congress hasn’t yet worked out how to pay for it yet, but more than 375 companies have told the Trump administration they’re interested in working on the controversial border-wall project.
The Mexican cement giant Cemex SAB won’t participate, though it is well positioned to profit with plants on both sides of the border.
Neither will Vinci SA, a big French engineering company, after Chief Executive Officer Xavier Huillard cited the 'sensitivities' of employees.  Emmanuel Macron, the frontrunner for the French presidency, has warned LafargeHolcum Ltd. the world’s largest cement maker, to steer clear.  Union leaders at that company have branded the wall undemocratic.

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