All Business & Finance Articles
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Contractor cautiously optimistic on prospects for Europe in 2011
Komatsu Ltd in Japan is to buy-out its majority-owned Japanese rental subsidiary, Komatsu Rental, take on its debts and create a new, debt-free rental business.
Net sales of construction equipment up +41% amid strong market conditions
Al Habtoor Leighton secures two construction projects in Abu Dhabi
Contractor claims Nairobi toll road concession terminated “without reasonable cause”
Strongest growth seen in Russia, CIS and the Americas, while Asian markets remain robust.
US road builder reports strong first quarter results but casts doubt on success of Federal transport bill
US contractor impacted by economic conditions in 2010 but reports rise in 2011 orders
Ramirent has signed an agreement with the Finnish House Owners' Association (Suomen Omakotiliitto) that will see Ramirent provide discounted rental services to the association’s 73000 homeowner members. The agreement covers the period 2011-2012.
Net sales for Terex Cranes in the first quarter of 2011 decreased US$15.4 million, or 3.7%, to $398.3 million compared to the first quarter of 2010. This was in contrast to other segments in the company that significantly increased sales over the past few months
Portable accommodation giant Algeco Scotsman has acquired Speedy's loss-making UK accommodation rental business for £34.9 million, including 14 leased depots.
Year-on-year growth in February recorded in the Euro Area and Euro 27 countries
One-off gains from asset sales in 2010 distort figures, 2011 backlog and sales rise
Terex AWP's (Aerial Work Platforms) net sales for the first quarter of 2011 increased $161.1 million, (74.7%), to $376.8 million compared to the first quarter of 2010 and backlog has risen a massive 123%.
Boels Verhuur has acquired the HuurMax rental division of Netherlands builders merchant and DIY store owner RAB Beheer.
Refinancing charges of US$49 million in the first quarter of 2011 saw RSC Equipment Rental post a net loss of $50 million for the period, compared to a loss of $38 million in the same quarter in 2010.
New Construction Technique division to include tools and road building equipment alongside portable compressors and generators. Mining and rock excavation will be a separate business.
Powered access rental company, Lavendon Group plc reported that its preliminary results indicate rental income up 11% for the first quarter of 2011 compared to the same period of 2010. This figure excludes used equipment sales.
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UK access rental company Lifterz is adding a number of electric Snorkel machines to its fleet.
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