All Business & Finance Articles

Kobelco Cranes saw sales and income decrease during its full 2010 financial year as a result of "sluggish" demand in core markets, except some parts of Asia. Parent company Kobe Steel reported a crane segment sale drop of 25.8%

Stronger than expected recovery in Europe and Asia drives increase in revenues.

Contractor sees mixed outlook after lower earnings in construction impact overall results

Ramirent has acquired RENT MB sro, a small rental business in the Czech Republic with two depots. RENT MB was founded in 2003 and has rental depots in Mlada Boleslav and Liberec.

Research work is now underway for the sixth International Rental News IRN-100 survey of the top 100 equipment rental companies in the world.

Cement producer’s higher first quarter sales struggle to absorb cost of raw materials

International Construction editor Chris Sleight discusses the Yellow Table ranking of the world's 50 largest construction equipment manufacturers.

Contractor outlines strategic review of geographic presence and structure

Wacker Neuson has opened a used equipment centre in Gotha, Germany, that will sell equipment from its own rental fleet as well as traded-in models.

Results boosted by growth in contracting and concessions businesses

The European Rental Association (ERA) has assembled a remarkable line-up for the ‘Manufacturers’ Round-Table’ discussion on the opening afternoon of its Amsterdam annual convention with the CEOs of United Rentals, JCB, Loxam, Manitou and Boels Verhuur all taking part.

Cargotec forecasts 2011 sales will grow some 20% following a healthy first quarter order intake in its Industrial & Terminal and Marine segments

2011 sales and profit expected to beat 2008 levels amid soaring demand for machinery and power systems.

Hertz Equipment Rental Corporation (HERC) has opened its first rental depot in the Middle East. The location is in Damman, Saudi Arabia, and it is a joint venture with local company Dayim Holdings Co.

Terex Corporation's German subsidiary, Terex Industrial Holding AG will make a voluntary cash public tender offer for the outstanding share capital of industrial and port crane manufacturer Demag Cranes AG

J. E. Oswalt & Sons, Inc., in South Carolina, USA, has increased the capacity and size of its fleet with the addition of 12 lines of Cometto 1MS hydraulic trailers

JLG Industries sales grew by 72.7% to US$471.2 million for the three months to 31 March – JLG’s second quarter – and the business returned to profitability. The company’s backlog at the end of the quarter almost tripled to $596 million compared to a year ago. Operating profits were $17.7 million for the quarter.

Figure includes expected contract win on US$ 147 million rail project in New York

Contractor cautiously optimistic on prospects for Europe in 2011

Komatsu Ltd in Japan is to buy-out its majority-owned Japanese rental subsidiary, Komatsu Rental, take on its debts and create a new, debt-free rental business.