All Business & Finance Articles

Emaar MGF's offices in New Delhi, India have been raided by the Directorate of Enforcement under the Indian foreign exchange management act.

The US stimulus package has yet to have had any impact on the US rental industry, according to the American Rental Association’s John McClelland, vice president of government affairs.

Ashtead Group remained profitable during the six months to 31 October despite revenues falling 24% in the period. Pre-tax profits in the most recent quarter actually more than doubled to £10.4 million.

Floatation postponed as Dubai debt crisis disrupts capital markets.

Finland-based Cargotec Corporation plans to develop its Tampere facility away from traditional manufacturing to a competence and technology centre. The plan is to strengthen the competitiveness of the company's products globally

Cargotec's third quarter financial results reflect an increasingly tough year for the Finland-based group including Hiab, Kalmar and MacGregor

India's large infrastructure projects are porviding a spur to powered access rental, but finance houses' lack of familiarity with the products is delaying progress.

Lifting services company Certex UK is launching a new centre dedicated to the renewable energy market

UK lifting equipment distributor Certex UK has centralised its divisions because it says changing customer demands no longer require local contact points for all of its five operations

Barnhart Crane & Rigging has opened a western region office and local branch in Long Beach, California, USA

Speedy Hire is launching a ‘Green Options’ (GO) initiative giving customers the option to choose low-carbon products from a ‘Green Range’. The scheme is part of a wider environmental awareness campaign being launched by the company.

Equipment auctioneer Ritchie Bros conducted two auctions in late November totalling US$ 99 million in sales

A 907 tonne capacity Manitowoc Model 21000 crawler crane has been bought for Australia's largest ship building project

Roger Brown, senior vice president of global sales at Genie Industries and one of the three early founders of the company, is to retire at the end of this year.

Caterpillar is to acquire JCS, a subsidiary of South Korea’s Jinsung TEC. JCS manufactures undercarriage components for earthmoving and other off-highway equipment.

Vinci Concessions has signed a memorandum of understanding (MoU) with the European Investment Bank (EIB)

Ireland’s Height for Hire has ordered a 52 m working height Spider Falcon lift from Worldlift Industries. When delivered next August or September it will be the world’s largest Spider-type platform, offering just a few extra metres height than Teupen’s 50 m Leo.

Canadian mast climbing manufacturer Hydro Mobile is restructuring its business after filing for protection from its creditors under Canadian Companies’ Creditors Arrangement Act (CCAA). The law allows companies owing more than C$5 million to restructure their business and financial affairs.

In Qatar Dutest Qatar WLL, a specialist Crane and Lifting engineering company, operating within the Teyseer Group of companies has been confirmed as a Nifty dealer.

Construction activity in the Middle East has slowed dramatically during the past 12 months. However, signs of a return to higher growth are beginning to emerge. Becca Wilkins reports.