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H&E Equipment "very positive about 2008"
H&E Equipment Services said demand for its rental equipment remained solid, except for weakness in the West Coast, Florida and mid-Atlantic markets. The company said the softness in these markets was now stabilizing.
Aggreko wins Vancouver Winter Olympics contract
Aggreko has won the contract to rent power and temperature control equipment for the 2010 Olympic and Paralympic winter Games (VANOC) in Vancouver, Canada.
Ramirent CEO Kallio to retire in 2009
Ramirent’s chief executive officer Kari Kallio is to retire from the company next year, no later than the company’s AGM in April 2009. He will continue in his post until his successor is found.
Regional Report: US Prospects
What you think the future holds for the US construction market depends which sector you’re looking at. The residential sector certainly has its problems, but elsewhere there is buoyancy. Chris Sleight reports.
iC Yellow Table 2008: World’s 50 largest construction equipment manufacturers
There was little change at the top of the Yellow Table – iC’s ranking of the world’s 50 largest construction equipment manufacturers – in 2007, but various acquisitions made for movement further down. Chris Sleight reports.
Chinese construction equipment market continues to grow
Demand for construction machinery in China is projected to increase +12.7% per annum through 2011 to CNY 181 billion (US$ 25.9 billion), outpacing gains in most other regions of the world, according to Construction Machinery in China, a new study by the US-based Freedonia Group.
Bronto up 18 per cent and production will grow
First quarter sales of the Fire Rescue business of US company, Federal Signal, which now comprises solely of Bronto truck mounted, articulated aerial devices, rose 18% to $24 million.
Growth again
The European market for construction equipment grew again last year and, according to the latest CECE economic report, exports once again accelerated.
Flat access sales in Manitou's first quarter
Despite an overall, first quarter sales growth of 7.4%, Manitou reported "flat sales" for access platforms.
Caterpillar tops the table
The 2008 edition of the Yellow table from International Construction shows Caterpillar still firmly at the top of the global construction equipment market, followed by Komatsu and Terex. The Yellow Table is a ranking of the world's top 50 construction equipment manufacturers, based on 2007 revenues.
Up-tick in construction growth
New data from Eurostat shows that growth in construction output increased in January compared to a year ago. The European Commission's statistical arm says output in the EU 27 was +0,7% higher in the first month of this year, compared to January 2007.
Record equipment sales
Construction equipment sales in Western Europe grew +12% to an all-time high of 211560 machines last year, according to the latest report from Off-Highway Research. However, the company forecasts that this will be the peak in the current cycle, with an -8% decline expected this year to take the market to 184159 units.
Stocks stabilise
Share prices clawed back some ground in February following the disastrous start to 2008. But although there was some bounce it was by no means a recovery. Chris Sleight reports
Keeping global markets open
In a speech earlier this year, Charlie McCreevy, European Commissioner for Internal Market and Services, noted that in times of big changes and uncertainties, globalisation is increasingly perceived as a threat.
Skyjack reveals the first VR telehandlers in its own livery
Having completed the acquisition of Volvo's Material Handling Equipment, Skyjack is able to reveal the first VR (variable reach) telehandler in its own livery.
Mammoet spends US$90 million
Netherlands-based Mammoet has placed a record order for new cranes with Manitowoc.
Essex spends $20 million at Manitowoc
US crane rental house Essex Crane Rental Corp has ordered several Manitowoc Model 16000 and 14000 lattice boom crawler cranes. The $20 million deal was announced at Manitowoc's ConExpo booth 13 March. Deliveries start later this year and will continue into 2009.
The value of shares around the world has sunk like a stone over the first few weeks of the year due to a worsening outlook in the US and the continued effects of the global credit squeeze. Chris Sleight reports.
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