All Business & Finance Articles

Hochtief issues profit warning
German contractor sees adverse earnings impact as Australian subsidiary, Leighton, halts share trading
Spain’s renters unite to create strong lobbying voice
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.
Cat sees rental return, shift in European Cat Rental Store strategy
Caterpillar is seeing growing demand for equipment rental as markets recover because contractors are still uncertain about investing in their own equipment.
Kiloutou´s new private equity owner plans expansion
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.
Spanish recovery still out of sight as Smopyc show opens
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 reports 10.5% price increase for used AWPs
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%.
Tanfield reports flat 2010
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.
Lion Trackhire supplies road for London Olympics site
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 to supply 200MW of power for Japan
Aggreko is to establish a temporary 200 MW power plant in Japan following the earthquake and tsunami in the country.
Turkey's Acarlar plans big boost to rental fleet
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.
Terex in 22 crane deal with Cropac
Cropac Equipment, in Canada, has ordered 22 cranes from Terex in a US$20 million deal. It includes eight Terex Roadmaster 9000 truck mounted cranes, the first of which is to be delivered in May this year
Major Siemens deal for Cargotec
Cargotec has entered into a long-term agreement with Siemens Wind Power A/S to supply custom-made Hiab articulated loader cranes for service and maintenance of its wind turbines
Skanska in US$ 20 million settlement
Contractor to pay out after investigation into scheme to avoid hiring minorities and women
CNH buys out Indian joint venture
Backhoe loader and compactor joint venture with L&T in Pithampur now wholly owned by CNH.
Ramirent buys rental activities of SDM
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.
Global to distribute Zoomlion crawlers in North America
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
Taylor Wimpey to exit North America
Company to focus on UK house building market and use US$ 955 million proceeds to pay down debt
Kalmar RTGs destined for DP World
DP World, operating in Sydney, Australia has ordered four Kalmar E-One2 rubber-tyred gantry (RTG) cranes. The new units will augment the customer's existing fleet of RTGs
ALL adds ATs following increased US demand
USA-based All Erection will expand its fleet with the purchase of two Liebherr all terrain cranes. The order comprises a 250 tonne capacity LTM 1250-6.1 and a 200 tonne LTM 1200-5.1
Bronto division maintains orders in Q4 but margin falls
The Fire Rescue division of Federal Signal, which includes Bronto Skylift reported a small increase in orders in the forth quarter of 2010 compared to 2009.
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