All Business & Finance Articles

Global equipment market to fall -15% in 2009
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 expands Middle East operation
Terex Equipment Middle East is expanding and relocating to a larger facility.
JLG opens sales and service facility in Singapore
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.
Hanson helps Heidelberg to record profits
The acquisition of Hanson saw Heidelberg Cement's profits rise +16% last year.
World Bank puts Chinese growth at +6.5%
Downgraded forecast adds to pressure for more stimulus spending.
NES Rentals logs high customer loyalty
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.
S&P downgrades Emaar
Ratings agency Standard & Poor's (S&P) has downgraded Emaar's long-term corporate credit rating to BBB+ from A-.
CE Barometer March 2009: Turning point?
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 takes steps to counter poor start to year
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 reports improved sales and profits
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.
Crossrail announces programme partner
Transcend, the AECOM, CH2M Hill and Nichols Group joint venture, has been appointed programme partner for the UK's Crossrail project.
Ramirent makes further cuts after poor start to the year
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.
Health and safety leads Turner Access to award
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 sales down 30% in 2008
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.
SGB sells UK powered access fleet to AJ Access
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 says Gehl in breach of bank covenants
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 wins 2012 canoe slalom venue
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 expands Chinese crusher factory
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.
Aggreko continues to buck the market
Aggreko continues to buck the recession with revenues for 2008 up 36.6% to £946.6 million and trading profits up 50.6% to £200.6 million. The company is also forecasting a strong 2009, with trading this year likely to be at a similar level to 2008 in constant currency.
Sales and profits down at Italcementi
The Italcementi Group has reported 2008 revenues of € 5,78 billion, down - 3,8 % on 2007 sales of € 6 billion. The company said the global financial crisis was the reason for the "significant" decline in the Group's sales volumes, especially in the fourth quarter, when revenues were further hindered by less favourable weather conditions than those during the same period a year earlier.
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