All Rental Articles
First quarter revenues, profits and operating margin hit new highs, despite declining demand in China.
Terex Corp is on course to reach its target operating profits of $475 to $525 million for the full year.
Sales rise +23% compared to the first quarter of 2011, while +29% rise in profits leads to increase in full-year forecast.
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More than 200,000 people attended the exhibition and an estimated US$ 100 million of machines were sold from stands.
UK rental company Generator Power has ordered 10 new Atlas Copco QAC 1250 transportable 1 MW generators.
Confidence in the European rental market was steady at the end of the first quarter of the year, according to the ERA/IRN RentalTracker survey for Q1 2012, although there remains a wide variation in business sentiment across the region.
Pioneer Pump will open a new pump assembly plant in the Middle East as it continues its international expansion. The new 1000 m2 facility – likely to be in Sharjah, UAE – will help the company meet growing demand for its pumps in the region.
Streif Baulogistik in Germany has bought a pair of Zoomlion tower cranes and signed up as sales and service agent for Germany and Poland
Neff Rental has gone live on the SmartEquip network in North America, further expanding SmartEquip coverage of the North American rental sector.
Lavendon reported an 8% increase in revenues in the first three months of the year, with growth led by France and the Middle East, both of which reported more than 25% increases in rental revenues.
United Rentals said its first quarter results showed record levels of time utilisation, fleet growth and EBITDA profits on revenues of US$656 million, a year-on-year increase of 25.4%.
Norway's Malthus is to sell its aerial platform sales division to Brubakken, a Norwegian forklift sales and rental company.
SDMO said the recent acquisition of the Brazilian genset manufacturer Maquigeral will give it an important route to targeting the country’s fast growing rental sector in the country.
Atlas Copco Portable Energy is to move its competence centre for portable generators from Antwerp to the Gesan facility in Zaragoza, Spain that it acquired last year.
Terex Corp said it will accelerate the development of its business in developing markets such as Russia, Brazil, India and China through local production for local markets and by using its “entrepreneurial” spirit.
Haulotte Group's first quarter sales grew by 24% to €89 million, with equipment sales up 28.4% and service and rental revenues increasing by 2% and 14.1%, respectively.
Wacker Neuson used Intermat to introduce three new sub-3 t mini excavators and a new telematics system for use with its compact range of machines and retrofitable to older Wacker models as well as other brand machines.
IHIMER, the joint venture between Japan’s IHI and Italian IMER Group, has launched two skid steer loaders designed and built in Italy.
Yanmar Construction Equipment Europe has taken over retail sales of its products in France from former joint venture partner Amman, although Ammann will continue to sell Yanmar to key accounts and big rental companies in the country.
APR Energy (APR) has won two new contracts, in Cyprus and Mexico, to supply a total of 220 MW of temporary power.
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