All Business & Finance Articles

Weak business confidence will see unit sales grow just +4% this year.

SIAC Construction based in Dublin, Ireland has won a PLN 1,75 billion (€ 438 million) contract to build a 35 km section of the 92 km long Krakow to Rzeszow motorway in Poland.

Hitachi Construction Machinery reported first quarter sales to 30 June of JPY 167.3 billion (US$ 1.9 billion), up +43.4% on the JPY 132.3 billion (US$ 1.5 billion) recorded for the same period last year.

Komatsu reported first quarter sales to 30 June of JPY 447 billion (US$ 5 billion), up +39.5% on the JPY 320 billion (US$ 3.6 billion) recorded for the equivalent quarter last year.

Chinese aerial work platform manufacturer, Zhejiang Dingli Machinery Co Ltd is now up to full production in its new factory called Zhejiang Green Power Machinery Co Ltd.

Stimulus spending is driving unprecedented demand for excavators.

Vinci reported second quarter sales of € 8,9 billion, up +9,6% on the € 8,1 billion recorded for the same quarter last year. The company's order book at 30 June stood at a record high of € 28,4 billion, up +18% on the € 24 billion reported at the beginning of the year.

Genesis Attachments LLC has taken over the Genesis Europe GmbH & Co KG Memmingen production site in Germany with effect from 1 July 2010, from where a new company, Genesis GmbH, will operate.

Fluor won contracts in the second quarter totalling US$ 9.3 billion, a company record. The awards pushed the Group's order backlog to US$ 30.2 billion, up +17.5% on the US$ 25.7 billion reported in the first quarter and down only -2.3% on the US$ 30.9 billion recorded at the end of the second quarter last year.

Net sales at Terex Cranes dropped US$23.8 million, or 5%, to $449.1 million in the second quarter of 2010, compared to the same quarter in 2009

London–based Lynch Plant Hire has placed a multi-million pound order with JCB for 42 excavators, 40 telehandlers and six backhoe loaders.

RSC Equipment Rental reported total revenues down 8% to US$301 million year on year for the three months to 30 June, with rental revenues falling by just 4% to $260 million. RSC made a net loss of $22 million in the quarter.

Emaar Properties, the developer behind the Burj Khalifa, the world's tallest building, reported second quarter sales of AED 2.6 billion (US$ 722 million), up +37% on the AED 1.9 billion (US$ 528 million) recorded for the same period last year.

Increased order backlog points to recovery in company's key markets

Speedy in the UK has appointed Steve McIntyre as its new group marketing director.

Belgian rental company Locquet Motors has ordered a selection of TowerLight VT-1 and Hydropowercube lighting products for its rental division, Locquet Lighting.

Sales at Terex’s AWP division, primarily Genie branded aerial platforms and telehandlers, increased by 11.7% to US$232.4 million compared to the second quarter of 2009.

Hilti is creating a UK-based hub for Northern Europe covering sales, marketing and purchasing in the UK, Ireland, Sweden, Finland and Denmark.

United Rentals reported a net profit of US$12 million for the second quarter of 2010 on total revenues of $557 million, down 10%.

Manitou's second quarter revenues increased by 36% to €225 million compared to the same period last year, with compact equipment sales (including Gehl in the US) doubling to €32.9 million and rough terrain handler sales up 24% to €157.7 million.