All Business & Finance Articles

Extra costs in contractor’s infrastructure division impact full-year results

Loxam has acquired six depots from regional French rental company Régis Location. The depots are in Ile de France and Picardy.

Spanish contractor reports profitable 2010 fuelled by gains from asset sales.

Hit by restructuring charges and declining revenues, US contractor ends 2010 in the red

CEO and finance director to retire as company “cleans the slate” following the recession.

Palfinger's year end results for 2010 show 29% increase in turnover compared to 2009, but the access market remained weak.

Major infrastructure projects in Libya impacted by wide-spread civil unrest.

Overseas sales of US-made construction equipment hit US$ 16.4 billion last year, a rise of +28% on the 2009 figure, according to the Association of Equipment Manufacturers (AEM).

Sunstate Equipment is the latest US rental company to join the SmartEquip network. The system will link each of Sunstate’s depots with its suppliers, giving parts and service technicians real-time support on products.

Rental consultant WL Associates has launched a new product sourcing service, called Worldsource, for rental companies. It will locate the best new products, components and consumable items worldwide.

Australia’s largest rental company Coates Hire saw its profits for the six months to 31 December increase sixfold to A$24.7 million, with the business seeing a recovery in activity and margins.

The first Wumag WT1000 to arrive in Australia has joined the fleet of LinCon Hire. The company has been running several Wumag Palfinger access platforms from the Jumbo range for a number of years, now LinConHire has expanded its range of services acquiring 100m, all-terrain, truck mounted access platform.

The application deadline to receive entries for Specialized Carriers & Rigging Association's Annual awards is 15 March 2011

Emerging markets, including local manufacturing, driving growth for German equipment manufacturers.

Online heavy equipment sales company Iron Planet is expanding its operations in the Middle East

The Italian Imer Group has gathered all the activities related to the production, sale and service of aerial platforms together under one division, Imer Access and Paolo Pianigiani has been appointed as business unit director to manage the new division.

Belgian parts specialist TVH Services is planning to acquire the crane and access sales and rental operations from Netherlands company Pon for an as yet undisclosed sum.

Poor business conditions in Germany and Hungary contribute to drop in 2010 output volume.

Global business restructure pays off as six-month profit rises despite decline in sales.

Lee Group has ordered 25 Hitachi excavators, along with two Sandvik mobile tracked crushers, in a major fleet upgrade