All Business & Finance Articles

New 43 km link between Moscow city centre and airport will ease congestion on existing routes.

Columbus McKinnon Corporation will consolidate its hoist and rigging products and brands into one sales force

Mammoet Australia has acquired Hercules Crane Hire and Hercules Heavy Lift. Hercules Crane Hire, based in Port Hedland, Leonora and Newman, will extend Mammoet's presence in Western Australia (WA) and increase the company's client base, said the company

State-owned construction company raises US$ 7.34 billion from selling 40% of its shares.

Hitachi Construction Machinery reported first quarter sales to June 30 of JPY 132 billion (US$ 1.3 billion), down -43% on the JPY 233 billion (US$ 2.4 billion) recorded 12 months ago.

There is little positive news to come out of the first ERA/IRN Rental Tracker survey with just 13% of surveyed rental companies seeing an improvement in business conditions at the start of July and 54% reporting worsening conditions.

Skanska reported a second quarter operating profit of SEK 1,1 billion (€ 110 million), up +8,7% on the SEK 1 billion (€ 102 million) recorded 12 months ago.

Terex Corporation reported second quarter sales of US$ 1.3 billion, down -55% on the US$ 2.9 billion recorded for the same period last year.

CNH reported second quarter sales of US$ 547 million for its construction equipment division, down -62% on sales of US$ 1.4 billion 12 months previously.

The Tulla Sydney Alliance has won the contract for an 8.4 km section of the AU$ 2.25 billion (US$ 1.8 billion) upgrade of the M80 Melbourne ring road, Australia.

Individual brands will be maintained, but internal management merged into one organisation in CNH internal shake-up.

Second quarter 2009 net sales at Terex Cranes were down US$342.8 million, 41.1%, to $491.0 million compared with the second quarter of 2008 but there was still operating profit, unlike the Corporation as a whole

Second quarter sales at Terex's Aerial Work Platform division fell by 72.2% to US$209.0 million and the division made an operating loss of $32.8 million in the period. Terex said it did not expect a recovery in the aerial platform market for another 12 months and that the division would continue to make losses until recovery begins.

United Rentals has acquired Leasco Equipment Services, a Marietta, Ohio-based rental company that serves the industrial sector with a focus on power generation, petroleum, chemical, and pulp and paper companies.

Profits bounce back from first quarter loss, despite a -41% drop in revenues.

Volvo Construction Equipment's sales for the second quarter of 2009 were -45% lower than for the same period last year leading to an operating loss of -SEK 1,26 billion (€ 116 million).

JCB expects the current weakness in the construction equipment market to continue for another year. The company's CEO, Mathew Taylor, has also been critical of the slow speed in which stimulus packages have been put into action in developed countries.

Japanese rental company Kanamoto has established a subsidiary in Hong Kong to sell used equipment and to “aggressively develop” equipment rentals.

AMEC is to acquire Australian engineering and development company GRD for UK£ 52 million (US$ 85 million) in cash.

Australian crane and access rental company Boom Logistics has received a merger proposal from its biggest shareholder, Harbrew Group.