Brazilian rental company Solaris Equipamentos e Serviços LTDA (Solaris) aims to capitalize on growth in Brazil’s infrastructure and construction markets by creating an earthmoving equipment rental division to add to the aerial platform, telehandler and power rental operations it already has.
Aggreko has agreed to buy Canadian power rental company Power Plus Rentals and Sales for up to C$38.7 million (£19.5 million). Power Plus is based in Edmonton and provides power for companies operating in the Athabasca Oil Sands areas in Alberta and Saskatchewan.
Same-branch rental revenues rose 16% to drive Ahern Rentals second quarter 2008 rental revenues 20% higher to $83.9 million from $70.0 million last year. Three new stores since the second quarter of 2007 contributed $2.9 million, 4.1%, of the quarter's revenues.
Wacker said there was a significant drop in demand for its light construction products in May and June, particularly from the US, Spain and the UK, and that it expected the slowdown to impact on sales of light and compact equipment for the rest of 2008.
Mustang Manufacturing Co in the US has upgraded three of its tracked loaders. The MTL316, MTL320 and MTL325 - which replace the MTL16, MTL20 and MTL25 models - meet Tier III engine requirements and are faster and more powerful than their predecessors.
Cramo's latest results show no slowing down of its growth, with its central and eastern European businesses advancing by more than 50% and overall revenue growth at 32.3% for the quarter to 30 June. The company said the next 12 months would see a moderation of growth in the Nordic area and a continued downturn in the Baltic States, with sustained growth in eastern and central Europe.
‘The access rental company of the future’ is the theme of the second Europlatform conference in Maastricht, the Netherlands, on Tuesday, 16 September 2008, the day before the APEX aerial platform exhibition.
Concrete and compaction product manufacturer Belle Group has received a 2008 Queen's Award for Enterprise in the category of International Trade. The UK honour recognises companies that have "...demonstrated growth in overseas earnings".
US equipment rental and sales company H&E Equipment Services is to reduce its fleet size and slow capital investment until the end of the year in response to an anticipated slowdown in non-residential construction in the remainder of 2008.