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The online rental marketplace erento has launched in the US. The first rental companies to sign up to the site are specialist motorcycle and car rental firms, but the site will be looking to add equipment rental companies, as it has in Europe.
Latin America is regularly quoted as one of the large growth markets for access equipment. The market has grown noticeably over the last six years encouraged by, public finances being increasingly well organised and the decreasing public debt.
A new report from Off-Highway Research says construction equipment sales in five major regions of the world will fall a total of -15% this year.
Terex Equipment Middle East is expanding and relocating to a larger facility.
JLG has opened a new sales and service facility in Jurong, Singapore. The facility is to become the JLG headquarters for retail sales, warranty, parts distribution, service and other Ground Support activities in the Asian market.
The acquisition of Hanson saw Heidelberg Cement's profits rise +16% last year.
Downgraded forecast adds to pressure for more stimulus spending.
NES Rentals Holdings, one of the largest aerial equipment rental providers in the US, has announced that its 12-month Net Promoter Score average is at an all-time high of 72 and expected to get higher in 2009.
Ratings agency Standard & Poor's (S&P) has downgraded Emaar's long-term corporate credit rating to BBB+ from A-.
Current activity improved according to the results of the March CE Barometer survey, although weak sentiment once again suggested a lack of confidence in the European construction market.
Ramirent is taking further cost cutting measures and is proposing that no dividend be paid for 2008 following a very difficult first two months of 2009, with sales in eastern Europe collapsing by 60% and group sales down 26% compared to 2008.
Bilfinger Berger reported 2008 sales of € 10,7 billion, up +16% on the € 9,2 billion recorded 12 months ago. Pre-tax profit for the year rose +49% to € 200 million, up from € 134 million in 2007.
Transcend, the AECOM, CH2M Hill and Nichols Group joint venture, has been appointed programme partner for the UK's Crossrail project.
Ramirent is taking further cost cutting measures and is proposing that no dividend be paid for 2008 following a very difficult first two months of 2009, with sales in eastern Europe collapsing by 60% and group sales down 26% compared to 2008.
Turner Access has received the 2009 ‘Access and Scaffolding Specialist of the Year' award from Construction News magazine. It is the third time Turner, an access equipment manufacturer and services provider, has won the honour since the Specialist Awards' inauguration in 2005.
Haulotte's sales in 2008 fell by 30.4% to €450.8 million, with revenues in the second half of the year impacted by the economic slowdown and reduced availability of credit.
A J Access has purchased SGB Powered Access’ entire fleet of 700 booms and scissors in the UK for an undisclosed sum. The dealer will now start marketing the machines, for sale mainly outside of the UK.
Manitou said its newly acquired US business, Gehl, has been unable to comply with some bank covenants and was now negotiating with banks to avoid early repayment demands. Manitou said Gehl’s problems stem from the sharp deterioration of the US market.
Morrison Construction has won the contract to construct the White Water Canoe Centre for the London 2012 Olympic Games with work expected to start in June this year.
Metso has expanded its crusher manufacturing facilities in Tianjin, China, which will double production capacity at the plant. The expansion strengthens the facility's position as one of the main manufacturing units in Metso's construction business line.