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Kobelco Cranes saw sales and income decrease during its full 2010 financial year as a result of "sluggish" demand in core markets, except some parts of Asia. Parent company Kobe Steel reported a crane segment sale drop of 25.8%
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Stronger than expected recovery in Europe and Asia drives increase in revenues.
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Contractor sees mixed outlook after lower earnings in construction impact overall results
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Ramirent has acquired RENT MB sro, a small rental business in the Czech Republic with two depots. RENT MB was founded in 2003 and has rental depots in Mlada Boleslav and Liberec.
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Research work is now underway for the sixth International Rental News IRN-100 survey of the top 100 equipment rental companies in the world.
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Cement producer’s higher first quarter sales struggle to absorb cost of raw materials
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International Construction editor Chris Sleight discusses the Yellow Table ranking of the world's 50 largest construction equipment manufacturers.
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Contractor outlines strategic review of geographic presence and structure
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Wacker Neuson has opened a used equipment centre in Gotha, Germany, that will sell equipment from its own rental fleet as well as traded-in models.
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Results boosted by growth in contracting and concessions businesses
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The European Rental Association (ERA) has assembled a remarkable line-up for the ‘Manufacturers’ Round-Table’ discussion on the opening afternoon of its Amsterdam annual convention with the CEOs of United Rentals, JCB, Loxam, Manitou and Boels Verhuur all taking part.
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Cargotec forecasts 2011 sales will grow some 20% following a healthy first quarter order intake in its Industrial & Terminal and Marine segments
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2011 sales and profit expected to beat 2008 levels amid soaring demand for machinery and power systems.
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Hertz Equipment Rental Corporation (HERC) has opened its first rental depot in the Middle East. The location is in Damman, Saudi Arabia, and it is a joint venture with local company Dayim Holdings Co.
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Terex Corporation's German subsidiary, Terex Industrial Holding AG will make a voluntary cash public tender offer for the outstanding share capital of industrial and port crane manufacturer Demag Cranes AG
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J. E. Oswalt & Sons, Inc., in South Carolina, USA, has increased the capacity and size of its fleet with the addition of 12 lines of Cometto 1MS hydraulic trailers
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JLG Industries sales grew by 72.7% to US$471.2 million for the three months to 31 March – JLG’s second quarter – and the business returned to profitability. The company’s backlog at the end of the quarter almost tripled to $596 million compared to a year ago. Operating profits were $17.7 million for the quarter.
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Figure includes expected contract win on US$ 147 million rail project in New York
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Contractor cautiously optimistic on prospects for Europe in 2011
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Komatsu Ltd in Japan is to buy-out its majority-owned Japanese rental subsidiary, Komatsu Rental, take on its debts and create a new, debt-free rental business.