All Business & Finance Articles

UK renter Hewden to close 22 depots
Hewden Plant Hire in the UK will close 22 of its current 102 depots by the end of March 2009. It will also cut 213 from its current staff total of 1750.
Cembureau concerns over carbon trading plans
The European Cement Association (Cembureau) says the proposed next step of the EU's Emission Trading Scheme (ETS), which will run from 2013 to 2020, could put an end to cement production in the EU.
Riding the storm: The crane industry in 2008 and beyond
Although the well-documented credit squeeze began in 2007, crane manufacturers were seeing little sign of a slowdown in business with record sales across the board during most of 2008. By the beginning of the fourth quarter, however, there were real signs that 2009 could be a tough year. Euan Youdale reports
US$ 1.33 billion Dubai Airport contract
A consortium comprising Al Habtoor, Murray & Roberts and Takenaka (HMRT) has won the AED 4.9 billion (US$ 1.33 billion) contract to build the new Concourse 3 at Dubai Airport by Dubai's Department of Civil Aviation (DCA).
Australia's construction downturn continues
Australia's construction industry contracted further in November, with the Australian PCI falling 4.4 points to 32.0, well below the key 50.0 points level separating expansion from contraction for a ninth consecutive month.
DLR to reject postponing new French payment law
The French rental and distributors association DLR is to reject proposals from two main contractors associations to postpone the introduction of new laws on payment periods.
Renters in France discuss ‘crisis’ response
French rental companies are cutting costs and preparing for a difficult 2009, although most of the larger players have so far held back from closing significant numbers of depots, preferring instead to postpone expansion plans and cut back on capital investment.
Boskalis abandons Smit bid
Dredging giant Boskalis Westminster has abandoned its hostile takeover bid for towage, salvage and heavy transport company Smit International.
Citigroup acquires Spain’s Itinere Infraestructuras
Citi Infrastructure Partners, a Citigroup infrastructure fund, has acquired Spain’s Itinere Infraestructuras from Sacyr Vallehermoso for € 7,8 billion. The acquisition represents a € 2,8 billion payment for Itinere’s equity and € 5 billion for assuming net debt.
Atlas Copco expects infrastructure boost
Atlas Copco expects a string of major infrastructure projects to come on line in the next few months as Governments around the world look to stimulate their economies in the face of the global economic slowdown.
Haulotte to manufacture in Asia
Haulotte plans to start manufacturing platforms in Asia in 2009 according to chief operating officer Alexandre Saubot. Speaking at last week's Bauma China exhibition in Shanghai he said, "Before the end of next year, we will be producing machines in Asia - it's likely to be in China. It's part of our strategy - we want to have production, sales and service in every region of the world."
Users paying price for UK equipment theft
"There are seven winners in construction equipment theft and only one loser -- the contractor," said Ian Fletcher, director, Bridle Plant Insurance, a broker specialising in construction risk in the UK. "We put up the [insurance] premium; you pay for it."
Skyjack's new website
Skyjack has launched a new website which is designed to offer improved navigation, product information downloads, improved technical manual navigation and downloads, dealer contact information and current news announcements.
Accès Industrie business up over 20%
French rental company, the Accès Industrie Group was able to announce continued strong growth in its third quarter to 30 September 2008. The turnover of €50.7 million to the end of the third quarter represents 22.3% growth across the whole group.
Cramo names Kubota top supplier
Kubota Europe was chosen as ‘Number 1 Supplier" in 2007 to the Cramo Group. The rental company's fleet management and individual operating companies made the selection, the first time ever, earlier this year.
Warren Access gets higher with MX270
Warren Access, a rental company based in Tyne and Wear, UK, has recently taken delivery of a Multitel MX270 truck mounted hydraulic platform.
Strabag revenues and profits rise
Strabag recorded third quarter sales of € 3,5 billion, up +26% on the € 2,8 billion reported for the same period in 2007. Furthermore, pre-tax profit for the quarter of € 177 million represented a +18% increase on the € 150 million reported for the third quarter of last year.
Hiab and Moffett services merge in the UK
Cargotec is integrating its Hiab sales and service operations in the UK. Moffett Truck Mounted Forklift (TMF) sales and service functions, currently carried out by Moffett Ltd, will be integrated with those of parent company Hiab
Bucher Hydraulics to acquire Command Controls
Bucher Hydraulics is looking to expand its presence in the US by acquiring Command Controls Corp. based in Elgin, IL.
Tips for trading through a downturn
The managing director of Ireland-based crane rental company Wm O' Brien Plant Hire has shared his experience of previous economic downturns in the hope it will help others through current conditions.
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