Assetline Corp, a leading online construction equipment exchange, has formed an alliance with H&D International of Germany and Bakheet Company for Machinery Ltd of Saudi Arabia, providing German and Saudi Arabian equipment dealers and users access to the exchange's global marketplace.

The alliance will allow H&D and Bakheet to provide companies in the two countries the ability to buy and sell used equipment online within Assetline's secure, global and full service marketplace, a company statement said.

An online auction of equipment from Germany kicked off the alliance in that country while a similar auction will held for Saudi Arabia this month.

IKK to showcase aircon solutions

Hanover: IKK 2001, which is set to be held from October 10to 12 in Hanover, Germany, will showcase an international range of products in refrigeration, air-conditioning and ventilation.

Around 770 exhibitors representing 40 countries are expected to participate in IKK, which also attracts around 20,000 visitors from 90 nations.

Besides refrigeration and air conditioning components, it now offers individual, optimum and intelligent air conditioning solutions. It will also showcase solutions for using heat pumps in the industrial and private sector, especially for the specifier and architect.

SAIE set for October

Bologna, Italy: SAIE, the Bologna International Building Show, to be held from October 17to 21, will showcase nearly 2,000 exhibitors from the global construction industry.

The annual exhibition in Italy, which attracts nearly 8,000 visitors from around the world, will also offer a programme of conferences, seminars, workshops and round tables covering a range of issues tailored to the needs of industry professionals.

This year's event will also feature, Climatec, a theme show which is held every two years and focuses on heating, conditioning, refrigeration, air and water treatement, ducting and networks.

Port revamp needs $29m

Manila: An estimated 1.5 billion pesos ($29.35 million) in fresh capital is needed to expand and modernise the Sasa wharf complex or the Davao port, north of Davao City, studies by the Philippine Ports Authority (PPA) show. The project, targetted for completion by 2005, will require joint-venture arrangements between the PPA and private investors under a build-operate-transfer (BOT) scheme.

The PPA said container cargo volume at the wharf has been growing at 81 per cent annually since 1996.