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Terex Corp’s aerial work platform division reported almost level sales in the three months to 30 June, and the division’s backlog was down 46.8% to US$419.4 million. Terex said the slower growth rate and reduction in backlog were due mainly to softening demand in Western Europe.
The latest report on the UK's plant hire market forecasts a market decline of around 4-5% during 2008-9, followed by a flat 2010 before some market recovery in 2011-12.
Timberwolf, the UK chipper and shredder manufacturer, is launching a tracked version of its S426 multi purpose shredder. The new S426TR will be introduced at the UK groundcare show, Saltex, on 2-4 September.
RSC Equipment Rental, Inc, has completed the acquisition of American Equipment Rentals, a US$19 million revenue renter of aerial platforms based in Providence, Rhode Island.
Algeco Scotsman, the modular space and storage rental company formed by the merger of Williams Scotsman and Algeco, has appointed William Stokel to the newly created post of vice president of business development. He will be responsible for merger and acquisition activities in Algeco Scotsman's existing areas and new markets including Asia, the Middle East and South America.
Speedy Hire said continued investment on major infrastructure projects, as well as good levels of activity in public sector projects and the utilities industries, meant it remained optimistic it would continue to grow revenues this financial year, despite slowdowns in housing and commercial office developments and lower spending from its smaller trade customers.
The race goers to Royal Ascot, one of UK's most prestigious race meetings, were kept cool by six chillers provided by Carrier Rental Systems.
UK Equipment specialist, Vp plc, has acquired the tools and telehandler fleet of UCS Plant Ltd of the Rand Group Ltd for £0.9 million.
Online rental site specialist erento said its UK website is attracting 18000 unique visitors a week, and the number is growing at 20% a week. The company recently announced that HSS Hire had signed up to the site, alongside another big UK renter, Hire Station.
Loxam is fitting Qualcomm’s GlobalTRACS telematics system to its equipment fleet, starting with its heavy equipment division.
The increasing costs of depositing building waste at landfill sites in the UK is creating a powerful incentive to process and re-use materials on site, presenting rental companies with a lucrative potential market in mini-crushers, said Red Rhino Crushers, the UK portable crusher manufacturer.
Genie's GTH-4017 SX telehandler, with 17.9 m of maximum height and lift capacity of 4000 kg, is the latest of its special ‘rental' models. Lifting performance also includes 700 kg of capacity at maximum forward reach of 13.3 m.
Hewden's managing director Brian Sherlock left the company on 4 July and has been replaced by Doug Sprout, previously finance director of Finning (UK).
Eve Trakway, the UK-based company that rents temporary access roads, fences and crowd control barriers, has received additional funding for acquisitions from private equity firm LDC.
Ellen Steck, former vice president of marketing for RSC Equipment Rental, has rejoined former RSC parent company Atlas Copco as vice president of communications and branding. Ms Steck will be based in Belgium.
Boels Verhuur has acquired the rental business of Belgian Bobcat dealer, Vangaever, including both its Cat-Rent operation and its sister company BCL.
The latest IRN-100 list of the world's largest rental companies reveals a dual-speed rental market in 2007, with European firms growing at a considerably faster rate than their US or Japanese counterparts.
Aktio Corp, the largest rental company in Japan, has implemented a new web-based financial planning system to replace its traditional Excel spreadsheets.
Canadian rental company 4-Way Equipment Rentals has been ranked one of Canada's 200 fastest growing companies after reporting 54% revenue growth to C$15.7 million (€9.8 million) in 2007.
Quippo Energy Rental, the power rental division of Quippo Infrastructure Equipment Ltd - India's largest rental company - is to enter the Bangladesh and Indonesian markets by 2009, according to reports.