All Business & Finance Articles
Brokk has established a new Australian subsidiary, Brokk Australia Pty, through the acquisition of its Australian dealer
How is the current recession impacting on the global rental industry, and when are rental markets expected to recover? Murray Pollok, IRN Editor, provides an overview in a web presentation.
UK rental company GAP Group is opening a series of specialist non-mechanical plant depots throughout the country to stock equipment like props, fencing, safety barriers and trench sheets.
Ex-Terex/Genie employee Mike Buley has established a company, Absolute Easy Up, to distribute Braviisol vertical lift products in North America. The company has already won orders from rental companies including NES Rentals and Trico Lift.
 
Abu Dhabi agrees US$ 10 billion government-to-government funding to enable Dubai World and Nakheel to service their debts.
Netherlands-based Royal Wagenborg has set up a joint venture to supply crane and transport services in the Middle East
Volvo is to close its manufacturing facility in Asheville, North Carolina, US.
Imer has appointed two new European distributors for its Iteco powered access division: Kemp will cover the Benelux region, and Sklad will join Tecnostroy as joint dealers for Russia.
OCCP announces € 99 million fines against seven companies following three-year investigation, but accused say they will appeal.
The first Cat Rental Store in Western Africa is now up and running in Burkina Faso operated by local Caterpillar dealer Burkina Equipements.
UK construction orders in the third quarter dropped -5% on second quarter figures to UK£ 8,7 billion (€ 9,6 billion) according to the latest report from the Office for National Statistics.
GE has been awarded a US$ 1.4 billion contract by Caithness Energy to supply wind turbines and support services over ten years for an 845 MW wind farm in Oregon, US.
Royal Boskalis Westminster is to launch an equity offering to raise up to € 230 million.
Germany’s Zech Group has acquired the majority holding in Hochtief do Brasil. The acquisition will see Hochtief retain a minority interest in the company, which is based in Sao Paulo.
Caterpillar Logistics Services is to build a new 93000 m2 parts and distribution centre in Ohio, US.
The UAE’s Emaar Properties has abandoned its plans to merge with Dubai Holdings.
European construction output is expected to fall -2,2% in 2010, following a -8,4% drop in 2009, according to the latest figures from Euroconstruct. A recovery is unlikely before 2011 and growth will not return to pre-recession levels until 2012.
MCJV, a joint venture between McConnell Dowell and Consolidated Contractors, has won a contract to construct the new Komo Airfield in Papua New Guinea (PNG).
Cramo in Denmark has won an extension until the end of 2017 of its rental agreement with the Herlev hospital, securing work valued at around €11 million. As part of the deal Herlev has bought 45 Cramo site hits previously rented to the hospital.
The French rental market is unlikely to see any significant recovery in 2010 with revenue growth stalled and continued downward pressures on pricing, according to the president of the DLR’s rental group, Hervé Cohade.
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