All Business & Finance Articles

Indian Renter Looks For Lifts
Rakesh Modi, who is running the access rental division of Madras Tools & Shackles Ltd (MtandT), hopes to add 50 machines this year.
iC Top 200 - The world's largest construction companies 2007
This year sees little change at the top of the iC league table of the world's 200 largest construction companies, but further down there have been some major movers and significant new additions to this elite group. Chris Sleight reports.
LVI on acquisition trail
LVI Services Inc has acquired the business of Mazzocchi Wrecking, the largest demolition operation in the New York area. The terms of the acquisition were not disclosed. Founders Grace and Nick Mazzocchi, as well as the rest of the company's employees, will remain with the company as part of the LVI team. The Mazzocchi name will not, however, disappear since the company will operate under the LVI/Mazzocchi name for the foreseeable future.
Barford expansion plans
Barford has added a second production line at its factory in Grantham
Factory built high reaches
Hitachi to build high reach demolition rigs
Stanley acquires drop hammers
Stanley acquires Universal Technologies' drop hammers
UpRight owner to buy Snorkel
UK–based Tanfield Group, owner of UpRight Powered Access, has agreed to buy US manufacturer Snorkel for US$100 million (∈ 73 million), (18.2 million) of debt. The deal could see UpRight products being produced in Snorkel's US facility within four months.
New European JLG parts centre
JLG is to build a 4000 m2 parts distribution centre near its factory in Maasmechelen, Belgium.
Pon buys Milcon
Pon Holdings – The Netherlands international trading company and Caterpillar dealer – has bought access and telehandler rental company Milcon.
Access-50 2007: World's biggest access fleets
Heavy investment over the past 12 months has resulted in a not unexpected 20% jump in the size of the world's biggest access fleets. MURRAY POLLOK looks at the results of the latest Access–50 survey.
Japan: growth while mature
Eight of the world's 50–largest access fleets are in Japan. Murray Pollok reports on the growth strategies of their owner companies, all the more interesting because the rental market is mature.
Housing gives Iceland's rental sector boost
The high demand for houses, offices and infrastructure is giving Iceland's construction equipment rental sector a huge boost, according to Hjalti Mar Bjarnason (above), chief executive officer of construction equipment dealer, rental and materials supply company Mest.
Coates Hire says ‘no sale’
Coates Hire has decided against a sale of the company and said its board unanimously decided that the bids received had “failed on price”.
Finning's rental business grows
Finning International's rental businesses in Canada and Latin America grew by 23,6% and 38% respectively in the three months to 30 June this year. Its Hewden subsidiary saw revenues in local currency grow 5,6% in the same period.
ModSpace forms Storage rental JV
Modular Space Corp (ModSpace) in the US has formed an alliance with portable storage rental company Moveable Cubicle.
No environmental targets
UK rental company Hewden said a survey of project site managers revealed that almost half had been given no clear environmental targets.
Cramo & Rentakran create Russian renter
Cramo has entered a joint venture with Russian crane rental company ZAO Rentakran that will see Rentakran renting general construction equipment to its customers from its three existing branches in Moscow, Yekaterinburg and Krasnodar.
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