All Management Articles

Extend platform life advises Appleton
Access rental companies should extend the life span of machines to maximize the value of their businesses, said Kevin Appleton, chief executive of Lavendon, the world's biggest access–only rental company, at Europlatform.
US lessons
Steve Shaughnessy, managing director of UK rental company A-Plant's specialty businesses division, drew on his extensive experience of the US access rental sector to highlight some of the key differences in approach from Europe.
Contract conditions
An ERA committee is trying to review and standardize General Rental Conditions for the European rental market. It's a difficult task, so what progress are they making?
Party on!
Rich people hold very expensive parties. This gives event rental companies a lucrative market, but requires some international rental cooperation along the way. Steve Hayward, IRN's events correspondant, reports.
Euroloc gets €120m growth refinancing
Spanish rental company Euroloc has negotiated a seven year, €240 million loan with Banesto and the Bank of Scotland that will refinance its existing debt and give it €120 million additional investment funds.
Cramo buys Skanska's Danish rental division
Cramo's Danish subsidiary has acquired the internal rental division of Skanska Denmark. Around 90% of the division's business is internal, and Cramo said the deal is likely to add around DKK100 million (€13,5 million) in annual revenues. The sale price was not disclosed.
China establishes rental association
A Chinese rental association has been established by the China Construction Machinery Association (CCMA) and will hold its inaugural official meeting on 15 November.
Cat reports decline in US dealer investment
Capital investment by US rental companies is showing signs of flattening or declining in 2008, according to two of the biggest suppliers to the rental market, Caterpillar and JLG Industries.
The Dinner
The ERA Awards Dinner will take place on Wednesday 4 June 2008 as part of ERA's annual convention in Amsterdam. The host hotel is the Okura Hotel Amsterdam, located on the southern edge of the city centre and within walking distance of the RAI exhibition venue where the International Rental Exhibition (IRE) show takes place. For details, see www.okura.nl
Looking good for 2008
It's now a year since RSC Equipment Rental was divested by Atlas Copco Group, and just five months since the company's chief executive officer, Erik Olsson, rang the opening bell at the New York Stock Exchange to mark the company's public flotation. In other words, the company has undergone some big changes.
Full of life
It is easy to misinterpret, or ‘over-interpret', the results of our IRN Confidence Survey. There is lots of data on these pages - reflecting the opinions of almost 300 rental companies and suppliers around the world - and it would be easy to focus on some of the caution and perhaps nervousness that is evidently creeping in from some areas, particularly North America.
Auction action
Ritchie Bros says an auction is the best way for both buyers and sellers – to move used equipment, under any market condition, reports Patrick Hill. Plus, Hewden's use of auctions and news on expansion plans at online auctioneer IronPlanet in the US.
Ramirent trials Bosch attachments link-up
Ramirent's Karlskrona depot in Sweden is trialing a new arrangement for selling power tool consumables. The company is working with a single supplier – Robert Bosch – to consolidate virtually all its power tool drill bits, saw blades and other tool consumables.
Extra service
UK rental company A-Plant is offering its customers an extranet facility giving them instant access to details of the equipment they are renting, and more. Here we describe how it worked for one A-Plant customer, Holroyd Construction.
Equipment codings
Would a standard classification system for equipment be beneficial for European rental companies? It is something that the European Rental Association (ERA) is considering, and there are several existing classification systems to choose from.
Be professional: Manufacturers 'forced to rent'
The first Europlatform conference took place in Basel on 11 September, attended by over 100 rental company managers, equipment dealers and manufacturers. Murray Pollok reports on the event.
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