All Business & Finance Articles

Equipment focus
Off-Highway Research has opened an office in New Delhi
India: Booms and bottlenecks
India has ambitious plans to invest in all manner of infrastructure, from roads and rail to ports and power. However, skills shortages and a variety of other bottlenecks threaten progress. Chris Sleight reports.
Major expansion at Arcomet
Leading international tower crane company Arcomet's expansion strategy took a major step forward on 2 April with the acquisition of Y&P Marketing Pte Ltd in Singapore.
Market view
Tom Riordan looks at the global equipment markets
Branching out
Terex has come a long way from its near extinction in the early 1990s to establish itself as no.3 in the global equipment market. But according to president and COO Tom Riordan, there is more to come, as it plans new factories and eyes new markets. Chris Sleight reports.
Steel certainty
New steel futures contracts being launched on the London Metal Exchange could help contractors enjoy more price certainty for rebar. Further down the line, the contracts may form the basis of a new system of global benchmark prices for rebar. Chris Sleight reports.
Sacyr to sell Eiffage stake
Sacyr has announced it will sell its 33,32% stake in Eiffage to a group of unnamed French institutional investors.
Husqvarna buys floor saws
Husqvarna has announced the acquisition of US concrete saw producer Meco (Masterpiece Engineering Company) based in Phoenix, Arizona. The deal, the terms of which were not disclosed, should be finalised by the end of this month.
Metso ups Indian presence
Metso Minerals has announced that, subject to regulatory approval, it is to spend E30 million (US$47.5 million) to establish what it will call its ‘Metso Park’ multi-functional industrial facility near the city of Alwar in the state of Rajasthan, India.
Atlas Copco acquires stake in Indian drilling companies
Atlas Copco (India) has agreement to acquire a 25% stake in Focus Rocbit and Prisma Roctools in India, subject to approval from the relevant authorities, for an undisclosed sum.
Telcon acquires 60 percent stake in Lebrero
Telcon, India's largest construction equipment manufacturer, has acquired a 60% stake in Spanish road building equipment maker Lebrero.
Lavendon buys DK and adds 2700 lifts
Lavendon Group in the UK is to acquire the Belgian-based DK Rental Group of companies for €87.8 million. DK Rental Spain has been bought for €24.2 million and Lavendon had agreed to acquire DK's Belgian and French businesses for €63.6 million, subject to DK shareholder approval.
Maco promotes access in India
Maco Corporation, Genie's distributor in India is planning four roadshows next year to help “sell the concept” of powered access.
Credit shocks
What does the current credit crisis mean for access manufacturers and the rental industry.
Ken McDougall is the Linamar man who will oversee the growth of Skyjack's product range and its continued globalisation. He spoke to Murray Pollok, AI's Managing Editor.
At the peak?
A great outlook globally, although with some clouds gathering – possibly – over North America. This year's Access Confidence Survey reflects the current popular view of the access market. Murray Pollok reports.
Access division boosts Harsco
Harsco Corp's Access Services business grew by 26% to US$351 (€525) million and operating profit by 36% to $48.1 (€72) million in the third quarter of the year. “Strong results” in Eastern Europe, the US, Northern Europe, the UK and the Middle East fuelled the company's performance, and it said rental demand for its scaffold, formwork and shoring products remains strong.
Australian construction activity declines
Australia's construction industry deteriorated in March, its first decline in seven months according to the Australian Industry Group (Ai Group).
UAE Cat dealer creates rental JV
A new rental company, Gulf Union Equipment Rental Company, has been established in the United Arab Emirates (UAE) by a Middle East Caterpillar dealer and an investment partner.
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