All Business & Finance Articles

The construction and forestry division of John Deere reported sales for the six months ending 30 April 2010 of US$ 1.5 billion, up +15% on the US$ 1.3 billion recorded for the same period in 2009.

New figures from Eurostat show that construction output across the EU was down -2,4% in March compared to a year ago. In the 16 country Euro zone the fall was even more pronounced with a -5,2% decline.

Briggs International has acquired the assets of Maquinaria Ligera Equinter (Equinter), a Mexico City-based Bobcat and Hyster forklift dealer. The deal will double Briggs’ existing business in Mexico, which is mainly renting material handling equipment. It will also join the Hyster and Yale forklift brands in Mexico.

One of the largest US rental companies, Neff Rental, has entered Chapter 11 bankruptcy protection in the US. Neff, which continues to trade as normal, said the filing was prearranged and would allow it to restructure its debts.

Singapore-based Tiong Woon posted a 35% increase in net profit for the third quarter of its 2009/2010 financial year but remains cautious about the future

Ramirent has signed a five year rental and cooperation deal with Finnish crane, heavy lifting and transportation company Havator. As part of the agreement Ramirent is acquiring Havator’s self-propelled aerial platform fleet, numbering over 200 units, for an undisclosed price.

Former Terex executive Fil Filipov has acquired Atlas loader cranes from his old company. IC talked to him about the deal

Granite Construction president and CEO William G. Dorey to retire August 31 after 42 years, James H. Roberts to succeed him as of September 1.

AFI-Uplift has invested in 15 Eazzilift Mini and 10 Eazzilift Midi machines, with respective working heights of 3.8 m and 4.3 m strengthening the range it offers in the push around vertical sector.

UK company Platform Sales & Hire, based in Leighton Buzzard has bought BAR (Bucks Access Rentals). BAR was established in 2005 and, for some time, the companies have worked in collaboration.

India’s largest real estate developer sees recovery in residential market, with prices rising +10% to +30%.

The European equipment rental market fell by 17.2% to €20.2 billion in 2009 and is expected to fall by between 0% and -5% in most countries this year, according to the latest rental market report published by the European Rental Association (ERA).

Cramo Group's sales fell by 5.1% to €101.4 in the first quarter of 2010, although the reduction increases to 11.8% in local currencies. Net losses for the period were €7.4 million.

US$ 19.1 million investment in Bangalore factory will see excavators in production by the end of 2011.

Acciona reported first quarter sales of € 1,5 billion, up +9,2% on the € 1,3 billion recorded for the same period last year.

The latest report from PMR market research shows the construction industry in Romania contracted by -15,1% during 2009.

Hochtief has acquired New York, US-based infrastructure contractor E. E. Cruz and Company.

The latest DLR survey on the French rental sector found that rental revenues fell by 7% in the first quarter of the year compared to the same period in 2009.

H&E equipment saw total sales fall by 38.4% to US$114.7 million in the first quarter of 2010. Rental revenues were down 34.3% to $36.5 million compared to $55.5 million in the first quarter of 2009.

Postponement of deslaination plant work contributes to -35% decline in revenues.