All Rental Articles
Cramo’s Finnish subsidiary has sold its diamond drilling and floor grinding business to demolition contractor Kuusakoski Oy. The sale, for an undisclosed price, will close on 1 February 2010.
Finnish contractor Oka Oy has outsourced its construction equipment fleet to Ramirent Finland and signed a five year rental agreement with the company.
Compact Power Equipment Centers (CPEC) is the new business that will run equipment rental branches at 115 Home Depot stores in the US. Roger Braswell, chief executive of CPEC, tells Murray Pollok that the deal is the culmination of 14 years of promotion of compact loaders in the US.
Edmondo Colliva is the driving force behind the Italian rental franchise business, Italnolo. He tells Murray Pollok about the advantages that franchising brings to rental and gives an update on progress at the new franchise store in Spain.
Cummins Power Generation says its expertise in engine design will give it the edge in selling gensets to rental companies. Murray Pollok reports from the company's genset manufacturing plant in Ramsgate, UK.
IRN looks at some recently launched light compaction equipment.
IRN reports on the latest compact tool carriers, including tracked loaders, skid steers and articulated wheeled loaders from suppliers including Bobcat, Boxer, Mustang, Gehl, Cat, Wacker Neuson, Kanga and Avant Tecno.
Izabella Dudnakova, IRN's correspondent in Russia, talks to Maxim Ryabov, head of rental at Tehstroycontract, rental company and Hitachi dealer.
Strategic review: UK rental company Hewden is undergoing a major restructuring and is the subject of a major review by owner Finning International. Murray Pollok talked to Hewden general manager Kevin Parkes.
How is the portable accommodation rental sector responding to the new business environment? IRN Editor, Murray Pollok, reports.
Terex is to use the proceeds of the sale of its mining division to Bucyrus to pay off debts and make acquisitions of niche manufacturers. Terex said the US$1.3 billion sale signified a shift in strategy from being a construction and mining equipment company to a machinery and industrial products business focusing on niche markets.
Linamar Corp has appointed ex-A-Plant and Loxam Access executive Steve Shaughnessy as president of Skyjack Inc, replacing Ken McDougall who is now running Linamar's Powertrain business in Mexico.
Manitou said negotiations are underway with Gehl's banking syndicate because the subsidiary faces a "technical default" as a result of still depressed conditions in the US.
Cramo has made a one-off €22 million impairment loss for its Central and Eastern Europe businesses as a consequence of low volumes in Latvia, Lithuania and the Czech Republic.
Aggreko said that a better than expected final quarter of the year - particularly from its international power projects division - would push its revenues for the year up 7% to over £1 billion and operating profits up 27% to £260 million. On a constant currency basis, revenues are 5% down and profits 4% up.
Japan’s Sumitomo Corp has acquired a US$50 million investment in Sunstate Equipment Co, giving it a minority shareholding in the business. The funds will be used to strengthen Sunstate's balance sheet and capitalise on growth opportunities.
A national UK rental company is one of the several organizations that have expressed an interest in acquiring the Hewden business from Finning International. The Canada-based Caterpillar dealer is currently engaged on a strategic review of Hewden but no decision has yet been reached on whether to sell or retain the business.
Terex AWP releases a new battery charger for some of its scissor lift models
Volvo Construction Equipment's dealer in the United Arab Emirates, FAMCO, has opened the first Volvo Rents store in the Middle East, located in Abu Dhabi.