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Record year for Palfinger
Palfinger posted the highest revenue figures ever recorded at the company in its 2011 financial year results ...more
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Learn about debt restructuring
Debt Restructuring for Cranes & Other Heavy Equipment is the title of SC&RA's next free educational webinar on 15 February ...more
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Konecranes profit drops as prices rise
Finnish crane maker Konecranes posted a 39% drop in profits for the fourth quarter of 2011 compared to the same period in 2010 ...more
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Local buy-out for Sarens Polska
Sarens Polska has acquired Gdansk-based crane rental company Zuraw Grohman complete with its fleet of 160 cranes ...more
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Tiong Woon wins plant contract
Singapore-based heavy lift and transport specialist Tiong Woon has been contracted to lay pipelines and construct intake towers at the Tuaspring Desal ...more
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Kobe Steel sales up, profits down
Japan's Kobe Steel Group, parent company of Kobelco Cranes has reported a 4% increase in consolidated net sales for the first nine months of fiscal 20 ...more
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Penny Hydraulics makes light work of cellar loading
Penny Hydraulics installed LoadLift platform lifts into two cellar service vehicles for for UK brewer Adnams ...more
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Fourth Tadano Faun for Mayer
German crane rental company Mayer has officially taken ownership of its fourth mobile crane from Tadano Faun ...more
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LCM Systems enjoys output growth
UK load cell manufacturer LCM Systems Ltd has reported a 15% growth in figures for the 2011 financial year, compared to 2010 figures ...more
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Manitowoc, Trimble crane positioning system
In the USA Manitowoc and Trimble are working to develop a crane positioning software that will map active construction sites to within 10 mm. ...more
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Modulift warns against fake parts
International lifting gear specialist Modulift Group, has issued a safety warning regarding the use of counterfeit spreader beam elements ...more
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ACT Sourcebook 2012 now available
The ACT 2012 Sourcebook features comprehensive data about crane, rigging and transportation equipment, products and services available in North Americ ...more
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Crane sales up 40% at Manitowoc
Manitowoc's fourth quarter 2011 net sales in its crane segment were up nearly 40% to US$687.6 million from $491.4 million in the fourth quarter of 201 ...more
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Sany SAC12000 completes turbine installation
In China a range topping 1,000 tonne class telescopic boom wheeled mobile crane from Sany was used to install a 2 MW wind turbine tower and nacelle ...more
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Shore to ship installation
Ainscough Crane Hire was contracted to lift a helideck onto Seajacks' Kraken vessel at Falmouth docks in the UK ...more
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Southern Industrial Constructors acquired
US contractor Southern Industrial Constructors has been acquired by EMCOR Group for an undisclosed sum ...more
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Grove first at Hiap Tong
Hiap Tong has taken delivery of Singapore's first Manitowoc Grove GMK6300L all terrain crane ...more
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Senior appointments at Manitowoc
Jens Ennen has been named as Manitowoc's new senior vice president of engineering and innovation, while Kevin Blaney has taken the role of director of ...more
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Liebherr tests PowerBoom
Liebherr has begun testing its new PowerBoom on its 3,000 metric ton LR 13000 crawler crane ...more
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Enter the SC&RA Jobs of the Year contest
SC&RA is calling for entries into its annual Jobs of the Year Awards contest ...more
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Olympic Dam deal for Boom
Boom Logistics (Boom) has won a five year contract to provide crane services to to BHP Billiton's Olympic Dam operation in South Australia, 550 km nor ...more
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New centre to drive Verope expansion
Verope has opened a service centre in Zweibrücken, Germany, to provide specialist equipment and increased warehousing. To assist its growth plan, the ...more
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New branch and Manitowoc 31000 for Crane Rental Corp.
Crane Rental Corporation is expanding its operations with a new branch in Tampa, Florida. The USA-based company has also confirmed it will soon take d ...more
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Holiday work
Work continued with big telescopic cranes right through December's festive season on a rail project at the UK's Birmigham New Street Station ...more
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Liebherr expands in Argentina
Liebherr-Werk Ehingen has established a mobile crane division in Argentina. The office, within the existing Liebherr Argentina, has been set up to imp ...more
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UK's highest Unic on Shard duties
Those looking skyward from the River Thames in central London, UK over the last week may have spotted a mini crawler crane being raised 283 metres to ...more
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Huisman's 17 m super fly jib on BigLift Shipping’s Happy Buccaneer
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World Construction 2012
International Construction's definitive annual review of the global construction industry is now available. World Construction 2012 takes a detailed look at construction activity in all major regions ...more
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Comment
We are pleased with the high level of support for this transaction from the shareholders and management of Demag Cranes. With the addition of Demag Cranes to the Terex Group, we will add a new business segment with world-class products in industrial cranes/hoists and port technology. The success of our offer demonstrates the confidence in the compelling industrial rationale of this deal and the growth opportunities for both companies.
Ronald DeFeo, Terex chairman and chief executive officer
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