All Business & Finance Articles
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A strong final quarter of 2010 saw Wacker Neuson exceed its targets for the year, with revenues up 27% to €757.9 million and EBITDA profits almost three times higher at €77.8 million.
Finnish group creates new business segment for Central Europe on back of strong fourth quarter figures.
German group’s earnings doubled in 2010, although there was a volume reduction in construction business segment.
German contractor forecasts stable profit and increased sales for 2010.
Speedy said it expected to return to operating profit in the second half of its current financial year (to 31 March). Revenues in the three months to the end of December were up 8.8% year-on-year and rental rates rose for the third consecutive quarter.
Cramo’s final quarter of 2010 showed a return to profitability, with net profits of €8.4 million compared to a net loss of €27.5 million in the final three months of 2009. Revenues for the quarter were up 26.8% to €146.4 million.
Manitou has simplified its ownership structure with the Braud and Himsworth families retaining their majority shareholdings but removing the jointly owned SFERT holding company.
TNT Crane & Rigging in the USA has purchased the south Texas crane assets of Louisiana Crane Co., LLC
Terex Corp.'s AWP division reported increased net sales for the fourth quarter of 2010 by $135.8 million, or 66.3 percent, to $340.6 million versus the fourth quarter of 2009.
Five-year investment timetable includes major road, rail, and airport and power projects.
Infrastructure boom forecast to improve construction equipment rental market.
Sales at Terex Corp for 2010 were up more than half a billion dollars over 2009 and the net loss was almost halved
Net sales for Terex Cranes in the fourth quarter of 2010 increased 1.8% to US$549.1 million over Q4 2009 but profit halved to $15.7 million
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After a +40% rebound in demand last year, Manitowoc sees a bright future in the maturing Indian crane market
Sales at Cargotec were up 12% in the fourth quarter of 2010 and orders received were up 54% from the same period of 2009
Pioneer Pump opened a pump assembly facility in Johannesburg, South Africa, at the end of 2010. The plant will assemble portable pumps for the rental and mining markets in southern Africa.
Havator has been selected as crane services contractor on the new ferrochrome plant at Outokumpu's mine at Kemi, Finland
Travis Perkins (TP) has ordered 505 JCB mini excavators for its tool and equipment rental business in the UK.
A preliminary report from the Tanfield Group Plc, owner of Snorkel, for its financial results ending 31 December 2010 says that trading for the second half of 2010 was similar to that of the first half and in line with the Board's expectations.
Attachment producer Atlas Copco is to invest €6.8 million (US$9.3 million) to create an R&D centre in Nanjing, China, that will eventually employ 250
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