All Business & Finance Articles

Sole UK/Ireland distributor appointed by Rubble Master
Austrian compact mobile crusher and screen manufacturer Rubble Master has appointed Haulmark Equipment as its sole distributor for the UK and Ireland
Ahern Rentals expands despite rental decline
Ahern Rentals in the US is expanding its area of operations to offset declines in rental activity. The Las Vegas-based company said its rental revenues fell by 17% in the first two months of 2009 compared to the same period in 2008, with sales of new equipment falling 62% in the period. Rental rates over the two months fell 13% and average time utilisation dropped from 66% to 55%.
Bulgarian construction slows
The construction market in Bulgaria will slow during 2009 as the effects of reduced foreign capital investment, limitations on mortgage lending, the global economic slowdown and a weaker economic climate among construction companies take hold.
JLG parent to write down assets
Oshkosh Corporation, parent of access equipment manufacturer JLG in the US, said it is likely to charge $1.2 - $1.5 billion (€0.9 - 1.1 billion) against assets in the second quarter 2009. The company said the non-cash charge would reflect the write-down of goodwill and other assets that do not depreciate.
Caterpillar managers ‘boss-napped'
Workers detain Grenoble factory's managers in protest against job cuts.
Terex loader cranes moved to Terex Cranes
Terex has moved its hydraulic knuckle boom loader crane product line from the Terex Construction division into the Terex Cranes division
Heavy fine for illegal landfill site
According to the Environment Agency, a north of England landfill operator has been heavily fined by magistrates at Chester Magistrates Court on 27th March 2009 for allowing thousands of tonnes of controlled waste to be dumped at a landfill site
Loxam profits hit but still grows in 2008
The impact of the economic slowdown has hit Loxam's profitability in 2008 but not stopped the company from growing. Sales rose 14.9% to €847.7 with net profits falling 32% to €37.1 million. Revenues were almost flat on a like-for-like basis.
Development banks see emerging economy slowdown
Forecasts revised downwards as developed world recession hits trade and exports.
Forecast down at Manitowoc
The Manitowoc Company in the US has announced that "current trends in the end markets for its businesses, particularly for the Crane segment, are driving financial performance that is significantly softer than projected when the company announced its full-year 2009 guidance in January." As a result the company said it is withdrawing...
Korean company joins IPAF and makes prestigious sales
At the beginning of February aerial work platform manufacturer, Junjincsm, became the first Korean member of IPAF (International Powered Access Federation). Junjincsm, which estimates it has a 90% share of the AWP market in Korea's shipbuilding sector, hopes its membership of IPAF will help it move forward as a "real international company".
Sandvik rationalises crusher manufacture
Sandvik has announced its intention to create a global crushing and screening ‘centre of excellence' at the former Extec facility in Swadlincote, UK
McConnell Dowell awarded Singapore MRT contract
McConnell Dowell South East Asia has been awarded the SG$ 340 million (US$ 224 million) Downtown Line 2 Contract 916 by the Singapore Land Transport Authority (LTA).
0.9 million construction jobs lost in US
US Bureau of Labor Statistics show Arizona, Florida and Vermont were hardest hit in percentage terms.
JLG opens new Australian facility.
JLG's global president, Craig Paylor, was in Perth on the 16 March to open JLG's latest Australian facility.
Hochtief dismisses long term recession as profits rise
Hochtief reported record 2008 sales of € 19,1 billion, up +16% on the € 16,4 billion recorded 12 months earlier. Pre-tax profits for the year also increased +3,7% to € 520 million, up from € 501 million.
Vinci lands € 1 billion concession
Slovak PPP contract will run for 30 years.
Kuwait cancels US$ 15 billion refinery project
The Kuwaiti government has cancelled construction of the US$ 15 billion al-Zour oil refinery.
European equipment market faces ten-year low
European construction equipment sales are expected to fall-26% this year according to Off-Highway Research. Coming on top of the –25% drop seen in 2008, this would take the market to its lowest for a decade.
Case signs supplier agreement with True Value
Case Construction Equipment (Case CE) has signed a supplier agreement with True Value Company, the US cooperative of independent hardware stores that includes more than 1000 rental locations operated under the True Value Rental, Taylor Rental, Just Ask Rental and Grand Rental Station brands.
Page 663 of 710