All Business & Finance Articles

New Holland trials dealer rental
New Holland is trialing a dealer rental business in Unna, Germany, with 40 machines currently in the fleet.
Rental news highlights
Rental news highlights from the April 2008 issue of IRN.
Cat's plans for 500 new stores
Caterpillar said it wants to open more that 550 new Cat Rental Store locations worldwide within the next three years. The ambition was announced the weekend before the Conexpo exhibition as Cat marked the opening of its 500th US store and the 10th anniversary of the creation of the first Cat Rental Store.
HUNE continues rapid expansion
Spanish rental company HUNE (formerly Euroloc) has ambitious growth plans for 2008 despite having made three major acquisitions during 2007. The company aims to open 25 greenfield depots this year and invest €125 million in expanding its fleet.
JCB selection
UK manufacturer JCB sold over 70000 machines in 2007, and is starting 2008 with the launch of new mini and large excavators as well as telehandlers and compact loaders. Chris Sleight reports.
Compact utilities
Compact equipment manufacturer Komatsu Utility is updating and adding to its range of mini and midi excavators, adding features that will find favour with rental companies. Murray Pollok reports from the company’s production plant in Este, Italy.
Clear vision?
Japan’s Aichi Corp has finally shown its new ‘global’ machines in public, and also outlined an ambition to be the world’s biggest aerial platform manufacturer. Murray Pollok tried to get the details from Aichi’s CEO, Shinji Takeuchi.
Fleet financing
What are the benefits of using a manufacturer’s ‘captive’ finance programme in acquiring your rental fleet? Murray Pollok talked to manufacturers, financial consultants and rental companies about their favoured finance sources.
Freefall
What has caused the dramatic fall in the share prices of major equipment rental companies, and what impact will it have? IRN’s finance correspondent, Jeff Eisenberg, reports.
Ahern on the US rental scene
Ahern Rentals has been one of the fastest growing independent rental companies in the US for the past 10 years. Now, however, the company’s founder and president, Don Ahern, is becoming more cautious about growth. He spoke to John Wyatt at one of Ahern’s rental yards in Las Vegas.
Belle launches low vibration breakers
Belle Group has introduced a new range of low vibration breakers. Ray Neilson, Belle’s managing director, told IRN than the BHB2025X breaker has a hand-arm vibration (HAV) of just over 7.0 m/s2, and that the new models had twice the break-out force and double the compression of the older versions.
Kaplan to speak at ERA convention
Renowned US rental consultant Dan Kaplan will give the keynote address at the European Rental Association’s annual convention in Amsterdam in June. The convention tales place alongside the new International Rental Exhibition (IRE) at the RAI exhibition centre on 3-5 June.
GAM buys Guimera from Atlas Copco
Spanish rental company GAM bought Atlas Copco's Spanish rental business, Guimerá S.A., on 13 February for €18 million.
erento opens up in the UK
German online rental company, erento, is planning to expand throughout Europe and has just started operations in the UK with the support of Hire Association Europe (HAE).
Rental News Highlights
News highlights for March 2008
Euroloc rebrands as HUNE
Spanish rental company Euroloc has renamed itself HUNE. The rebranding – which reflects four of its existing names, Homs, Umesa, Nacanco and Euroloc – comes as the company reported total revenues in 2007 of €233.7 million, up from €75.6 million in 2006 and higher than the €225 million previously forecast.
BM Location buys Cheraki
Bergerat Monnoyeur Location has acquired the rental business Cheraki in the south east of France for an undisclosed price. Cheraki is a family owned business with 17 rental depots.
Kaplan gives keynote speech at ERA convention
US rental consultant Dan Kaplan will give the keynote address at the European Rental Association’s (ERA) annual convention in Amsterdam, the Netherlands in June, taking place alongside the International Rental Exhibition (IRE) at the RAI exhibition centre.
Caterpillar Q1 sales up +18 percent
Caterpillar's sales for the first quarter of the year were US$ 11.8 billion, a +18% increase on the first three months of 2007. Its net profit for the period was US$ 922 million, a +13% increase on 2007. Both figures were a record for the company.
Lemminkäinen chairman dies
Heikki Pentti, the long-serving chairman of Lemminkäinen died on 19 April after a serious illness. He was 61.
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