All Business & Finance Articles

Cargotec reports a strong 2008 but a declining 2009
Sales grew 13% at Cargotec last year to €3.399 billion (US$4.361 billion), according to the company's 2008 financial review. Sales for services also grew to €871 ($1.118 billion), representing 26% of all sales, up from 25% in 2007
Hertz focuses on power rentals in Spain
Hertz Equipment Rental Company (HERC) has closed three of its six depots in Spain and will focus on power generation and climate control rentals until the general construction market improves.
KDM Hire launches temperature control division
Northern Ireland rental company KDM Hire has launched a new temperature control rental division called K Therm, specialising in renting heaters, dryers and cooling equipment.
Speedy embarks on major reorganisation
Speedy Hire in the UK has embarked on a major reorganisation to adapt to changing market conditions and dynamics, including the elimination of its product specific divisions and a refocusing on business with major accounts.
CICB and Bishop form training alliance
Crane Inspection & Certification Bureau has formed a training alliance with Bishop Lifting Products in Texas, US
Harsco sees hope in infrastructure spending
US-based Harsco Corporation's access division reported a 13% decline in its fourth quarter sales in 2008 - falling to US$339 million - but forecast "modest growth" in its access business in the second half of 2009 as economic stimulus packages start to impact on infrastructure spending.
JLG sales fall almost 40% in final quarter of 2008
Oshkosh Corp reported an almost 40% fall in sales for JLG Industries in the three months to 31 December 2008 and an operating loss for the division of $47.0 million (€35 million), compared to a $61.1 million (€45.8 million) profit in the same period in 2007. Oshkosh said the figures reflected “substantially lower demand in North America and Europe as customers remained cautious with purchases.”
Manitou to intensify 'rightsizing' measures
Manitou said it will intensify its ‘rightsizing’ measures to reduce production capacity and cut costs in the face of the economic downturn which it forecast will result in a “significant” fall in sales for the first quarter of 2009.
Odebrecht awarded Miami Metrorail contract
A joint venture led by Odebrecht has won a US$ 360 million contract from the Miami-Dade Board of County Commissioners to complete the first phase of Miami Metrorail's three-phase Orange Line expansion.
US stimulus package clears first hurdle
The US House of Representatives has approved President Obama's proposed US$ 825 billion stimulus package, which includes US$ 130 billion of construction investment.
Tyre fill specialist adds capacity
Having recently acquired the offices and buildings of Liebherr's Plant & Equipment Services Centre in Dortmund, Germany, tyre fill company, Zeus, has completed a full site refurbishment. The new facility is part of the company's global expansion strategy in large earthmoving, off-highway and general industrial tyre filling and puncture proofing solutions.
Veidekke wins Hardanger Bridge contract
The Norwegian Public Roads Administration - Region West has awarded Veidekke Entreprenør the NOK 331 million (€ 37.2 million) Construction Project BRU 01 Concrete Work contract for construction of the Hardanger Bridge.
Airpac Bukom adds Doosan compressors to fleet
Airpac Bukom Oilfield Services, the oil and gas rental division of UK rental group Vp plc, has placed a multi-million euro order with Doosan Infracore Portable Power for a new fleet of Ingersoll Rand Rigsafe portable compressors.
Cramo buys small Stockholm renter
Cramo’s Swedish business has acquired a small rental company in the eastern Stockholm area. The acquisition will add around €0.7 million sales in its first year.
Halliburton to pay US$ 559 million fine for KBR bribes
Halliburton has agreed to pay fines totalling US$ 559 million in relation to bribes paid by its former subsidiary KBR.
Iron Planet's first European online auction
Iron Planet holds its first European online construction equipment auction on 28 January
Keep your eye on asset tracking
Enigma Vehicle Systems, a UK supplier of satellite tracking systems and associated products, is warning the plant industry to take even greater care when choosing suppliers of anti-theft and tracking systems for their plant fleets.
AFI-Uplift expands in Wakefield
UK powered access rental specialist AFI-Uplift has relocated its Wakefield depot to larger premises.
Demand for cement in China to rise
Demand for cement in China is forecast to rise by +6% annually through 2012 to 1.8 billion tonnes, according to Cement in China, the latest study by US-based research company The Freedonia Group.
US construction materials inflation at six-year low
Prices for materials and other inputs into the US construction industry rose at their slowest rate since 2002 last year.
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