All Business & Finance Articles

Australian company now predicts loss of AU$ 427 million for 2010/11, while Dr Herbert Lütkestratkötter will leave parent company Hochtief in May.

Cargotec has delivered Asia's first zero emission rubber tyred gantries (RTG) to Cat Lai Terminal in Ho Chi Minh City, Vietnam. The six Kalmar Zero Emissions E-One2 RTGs were ordered by Vietnam's terminal operator Saigon Newport (SNP)

United Rentals' Canadian subsidiary is to acquire Venetor Group, a seven-location equipment rental company in Canada, for an undisclosed price.

A new Australian dealer, 888 Crushing & Screening based in Perth, has joined CDE Global's network of distributors

German contractor sees adverse earnings impact as Australian subsidiary, Leighton, halts share trading

Spain’s three main rental organisations for general equipment, aerial platforms and cranes have created a national rental confederation called ConfalQ (Confederation del Alquiler). The organisations believe that working together will help Spain’s beleaguered rental sector in lobbying government on issues such as payment terms.

Caterpillar is seeing growing demand for equipment rental as markets recover because contractors are still uncertain about investing in their own equipment.

French rental company Kiloutou has been sold by its private equity owner Sagard Private Equity to another private equity company, PAI Partners, for €535 million (enterprise value). The deal is subject to approval by competition authorities.

The Smopyc exhibition in Zaragoza, Spain, opened today (Tuesday 5 April) with little signs that the Spanish construction market is recovering from its dramatic slump of the past two and a half years.

Rouse Asset Services, a leading US appraiser of rental, dealer and construction equipment, recorded a growth in OLV (orderly liquidation values) for telescopic booms of 10.5% in February compared to January. Of the 14 equipment categories Rouse monitors this accounted for largest growth - the average being 3%.

Preliminary 2010 end of year results for the Tanfield Group, owner of Snorkel, show a very slight improvement over 2009, but nothing remarkable. Turnover increased from £43.1 million in 2009 to £43.5 million in 2010 (less than 1%) and operating loss before impairments decreased from £16 million in 2009 to £15.8 million in 2010. However, turnover in the powered access division fell marginally from £41.7 million in 2009 to £41 million in 2010.

Portable roadway rental company Lion Trackhire provided a temporary track for a 1200 t crawler crane working at London’s 2012 Olympic Village site earlier this year.

Aggreko is to establish a temporary 200 MW power plant in Japan following the earthquake and tsunami in the country.

Turkish access rental and sales company Acarlar Makine is planning to increase its aerial platform fleet from 200 to 350 units by the end of this year.

Cropac Equipment, in Canada, has ordered 22 cranes from Terex in a US$20 million deal. It includes eight Terex Roadmaster 9000 truck mounted cranes, the first of which is to be delivered in May this year

Cargotec has entered into a long-term agreement with Siemens Wind Power A/S to supply custom-made Hiab articulated loader cranes for service and maintenance of its wind turbines

Contractor to pay out after investigation into scheme to avoid hiring minorities and women

Backhoe loader and compactor joint venture with L&T in Pithampur now wholly owned by CNH.

Ramirent has acquired the rental operations of Czech Republic company Stavební Doprava a Mechanizace (SDM), a three-depot operation that rents a wide range of equipment, although mainly access towers and aerial platforms.

Zoomlion has appointed Global Crane Sales as its exclusive distributor for crawler cranes in the USA and Canada. The agreement was signed at the ConExpo exhibition in Las Vegas