Skanska CEO predicts good prospects for construction industry

Posted by IronPlanet on Dec 12, 2011 10:22:00 PM

Swedish construction company Skanska AB is projecting a large number of new construction projects available over the next six months, making it a great time to buy used construction equipment from auctions like IronPlanet. IronPlanet offers a wide range of equipment and vehicles to help you get the job done right, and the IronClad Assurance program ensures that everything that goes on the block is of the highest quality.

Skanska CEO Johan Karlstrom said that things were looking up in terms of new projects over the next six months, according to MarketWatch. Karlstrom made the comments on a conference call discussing the company's third quarter earnings.

"In the sectors where we operate we actually see a lot of projects coming to the market," Karlstrom told investors. Karlstrom also said that Skanska has lately been seeing tighter competition and smaller profit margins on big jobs. As for prospects past the next six months, Karlstrom said much of the future would hinge on political developments in the United States.

For companies that want to save some money on their upcoming projects, it might make sense to buy used excavators, backhoe loaders and other construction equipment at auction through IronPlanet, as this is more affordable than buying directly from a manufacturer.

Topics: Construction, Industry Headlines