All Business & Finance Articles

Eve Trakway buys into traffic management rental
UK temporary access and events rental company Eve Trakway has acquired Anglia Traffic Management Group (ATM), a Cambridge-based renter of traffic management equipment and services.
Exodus into waste handling equipment
A new player has entered the field of scrap and waste handlers with the announcement of the senior management team of Superior, Wisconsin-based Exodus Machines Inc
Smit up 9%
Net profit for Smit in the first half of 2009 rose 9% from Euro 47.7 million to Euro 51.9 million
DeFeo says US stimulus package has failed
Terex chairman and CEO Ron DeFeo has said the US Recovery and Reinvestment Act has so far failed to deliver
Balfour Beatty-led JV wins Texas road project
Balfour Beatty's US subsidiary, Balfour Beatty Infrastructure Inc., has won the US$ 415 million contract for phase four of Texas' State Highway 161 Tollway in a joint venture with Flour.
RDO Equipment buys Californian heavy rentals company
RDO Equipment Co, an equipment rental and dealership based in Fargo, North Dakota, has acquired Californian heavy equipment rental company B&B Heavy Equipment Sales & Rentals for an undisclosed sum.
Schuch takes heavy lift Terex Demag
A new Terex Demag AC 500-2 wheeled telescopic mobile crane has increased the heavy lift capacity at the Germany-based Schuch Group
China equipment sales expected to grow after dip this year
Off Highway Research expects sales of construction equipment in China to dip -6% this year, prior to growth over the coming four years.
New chairman for Granite Construction
Granite Construction Incorporated, the parent company of Granite Construction Company, one of the largest heavy civil contractors and construction materials producers in the US, has appointed William H Powell as its new chairman.
Royal Boskalis Westminster increases sales
The Netherland’s Royal Boskalis Westminster reported first half sales of € 989 million, up +5,4% on the € 938 million recorded 12 months ago.
Optimistic outlook for Indian equipment sales
Sales of construction equipment in India are likely to fall by -17% by the end of 2009 to 38240 units, compared to 46092 units recorded last year. However, this will be followed by "strong and sustained growth" for the next five years according to the latest report from Off-Highway Research.
John Deere’s profits not helped by construction
John Deere reported third quarter sales of US$ 4.6 billion, down -20.8% on the US$ 5.8 billion recorded for the same quarter last year.
Shareholders approve US house building merger
Pulte Homes and Centex shareholders approve merger, paving the way for the creation of the US’s largest home builder
Shikun and Binui grows profits in Israel
Shikun and Binui, the construction division of Israel’s leading infrastructure and real estate contractor, Arison Group, reported second quarter sales of ILS 1.12 billion (US$ 294 million), up +2% on the ILS 1.10 billion (US$ 289 million) recorded last year.
Asia Pacific helps Holcim to second quarter profits
Holcim report second quarter sales of € 3,6 billion, down -19,7% on the € 4,5 billion for the same quarter last year.
Bauer still in profit as sales dip
Bauer has seen a -5,4% decrease in group sales in the first half of 2009 to € 681 million compared to € 719,5 million during the same period last year.
Aggreko wins 140 MW contract in Kenya
The Kenya Electricity Generating Company (KenGen) has contracted Aggreko to provide an additional 140 MW of temporary power. Aggreko, which is already supplying 150 MW of power to the utility company, said the minimum 12 month contract was valued at over US$30 million.
Ahern revenues drop 26% as network expansion continues
Continued weakness in the US construction market led Ahern Rentals to report a 26% fall in revenues to US$61.7 million for the three months to 30 June. Ahern made an operating loss of $87.9 million for the quarter.
Sinohydro, EDL to construct two HEP plants in Laos
China's Sinohydro Corporation and state-owned EDL have signed an agreement to construct two HEP plants and a power transmission line.
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