All Business & Finance Articles

CECE lobbies Europe on € 200 billion stimulus plan
The Committee for European Construction Equipment (CECE) is to meet European Commission vice president Günter Verheugen before Christmas to discuss the European Union’s proposed €200 billion economic stimulus plan.
Profits and sales up for John Deere
US-based John Deere recorded fourth quarter sales of US$ 7 billion, up +21% on the previous year's results. The company also saw an increase of +18% to US$ 28 billion for the full year.
BAM wins JV Antwerp rail contract
The Locorail consortium, which consists of BAM PPP (50%), CFE (25%) and Vinci Concessions (25%), has won the contract to construct the Liefkenshoek Rail Link in Antwerp, Belgium for rail network infrastructure manager Infrabel.
Al Habtoor Leighton Group wins Pearl Dubai contract
The Al Habtoor Leighton Group has won a US$ 2.4billion contract to construct the mixed-used Dubai Pearl development in the United Arab Emirates (UAE).
Holland Lift anticipates 2009 growth despite downturn
Netherlands scissor lift manufacturer Holland Lift has expanded its production capacity and said its outlook for 2009 remained good, with revenues expected to grow by around 10% to €20 million despite the much-reported slowdown in demand from rental companies in western Europe.
Peab improves sales and profits
Sweden’s Peab Group recorded third quarter sales of SEK 7,8 billion (€ 765 million), up +5,5% on the SEK 7,4 billion (€ 726 million) reported for the same period last year.
Speedy Hire revenues up
Revenues of Speedy Hire in the UK for the six months ending 30 September rose 22.3% to £256.2 million (€302 million) from £209.5 million (€247 million) in the same period last year. Although earnings and profit were both up year-on-year as well, the company's operating margin fell 1.2 points, from 14.0% to 12.8%.
Layher builds new factory
System scaffolding manufacturer Wilhelm Layher GmbH & Co. KG broke ground in November for a new plant in Güglingen near Stuttgart, Germany. It will make all the company's aluminium and wooden components.
Palfinger cuts jobs
Loader crane and access equipment manufacturer Palfinger has announced 91 job cuts and a reduction in working hours in response to market conditions.
Loxam moves to new 11000 m2 Paris head office
Loxam has moved its headquarters to a new 11000 m2 office close to the Champs-Elysées in Paris. The new office consolidates the several buildings that Loxam occupied at the previous Châtenay-Malabry location in the South of Paris.
South America's infrastructure plans make it a big potential rental market
South America promises to be a fantastic rental market in the decades to come. But for now, where are the market opportunities, and who is grasping them? Murray Pollok reports.
Lafarge exits Italy
Lafarge has announced plans to sell its businesses in Italy to the Sacci group for € 290 million.
Aggreko buys Cummins India power business
Aggreko plc plans to purchase the rental power business and assets of Cummins India Ltd (CIL) for €4.6 million in cash. The deal is subject to approval by CIL's shareholders.
Atlas Copco buys Aggreko's European oil-free business
Atlas Copco bought the European oil-free air (OFA) compressor rental business of UK-based Aggreko plc for €14.6 million. The purchase closed on 20 November and expanded the Atlas Copco Specialty Rental division.
Ahern revenues up as prices fall
Third quarter revenues at Ahern Rentals increased 13% to $89.0 million despite a 5% fall in rental prices compared to the same period in 2007.
AEM sees global growth
Global construction equipment sales are expected to rise +8.5% this year and a further +5.4% in 2009 according the latest ‘outlook' survey from the US-based Association of Equipment Manufacturers (AEM).
Longer Christmas shut-down for Skyjack scissors, but market share holds up
Skyjack has confirmed that this year's scheduled Christmas shut down at its scissor producing Guelph plant will be extended to four weeks due to reduced demand. However, market share across all product ranges holds up.
Central and Eastern promise: boom times for construction
While Western Europe faces a slowdown, much of Central and Eastern Europe (CEE) is experiencing a boom across all sectors of construction activity. Steve Skinner looks at demand in the region and what the issues and expectations are for the future.
Positive results from Bilfinger Berger
Bilfinger Berger has seen its third quarter pre-tax profits increase by +33% to € 88 million compared to € 66 million recorded during the same period in 2007.
CE Barometer November 2008: Gloom deepens
Sentiment on the European construction industry slipped lower in November, with results of the month's CE Barometer survey indicating stronger signs of a recession.
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