All Business & Finance Articles

Kanamoto makes two small rental acquisitions
Kanamoto made two rental acquisitions in June. It has bought tunneling equipment specialist Toyo Industry and general rental company Kyokuto Lease.
Power4 doubles revenue
UK power and lighting rental company Power4 doubled its turnover to £5.8 million (€7.3 million) in its 2007/8 fiscal year. Operating profits almost tripled to £1 million (€1.25 million).
Saudi Arabian housing sector suffering shortfall
Saudi Arabia needs to invest more than SAR 680 billion (US$ 181.3 billion in its real estate sector to meet expected demand for housing by 2015, according to a report, by local investment bank NCB Capital.
Lavendon's revenues up 37% for the first five months
Access rental specialist, the Lavendon Group, was able to announce encouraging results in a pre-close trading update. The Group's revenues for the five months ending 31 May 2008 have increased by 37% compared to the same period last year with operating margins continuing to improve.
Carillion wins five new contracts in the Middle East
Contracts in the Middle East worth US$ 2.2 billion have been won by Britain's second biggest builder, Carillion, according to an online news report.
Oshkosh warns of lower than expected JLG sales
The Oshkosh Corporation, owners of JLG Industries, said it expected a loss of approximately $1.22 to $1.32 per share for the quarter ending 30 June 2008.
China’s Zoomlion acquires Cifa
Chinese construction equipment manufacturer Changsha Zoomlion Heavy Industry Science & Technology Development Co Ltd (Zoomlion) has announced the acquisition of Italy's Compagnia Italiana Forme Acciaio (Cifa) for € 271 million (US$ 421.9 million).
Ashtead confirms division sale and reports "strong" results
Ashtead Group has reported strong results for its US and UK rental businesses and confirmed the sales of its specialist equipment division, Ashtead Technology, to a management buy-out team backed by private equity firm Phoenix Equity Partners.
Balfour Beatty makes bolt-on rail acquisition
Balfour Beatty has agreed to acquire Schreck-Mieves, a German railway engineer and manufacturer of rail components, systems and specialist equipment.
Lafarge takes 35% stake in Algeria’s Meftah
Lafarge has acquired a 35% stake in the Meftah cement plant, in the Algerian capital Algiers market, together with a 10-year management contract, for € 43,5 million.
CE Barometer June 2008: Confidence turns negative
June saw confidence in the European construction sector fall into negative territory for the first time in the year-and-a-half history of the CE Barometer. Although respondents to the survey were still positive on the future outlook, other measures of confidence were at new lows.
Cramo boosts Norwegian presence with JM Byggholt deal
Cramo is taking over the rental division of JM Byggholt AS - one of Norway's top 10 contractors - and as part of the deal has signed a seven year rental supply agreement with the company.
Aggreko forecasts 40% profit rise for first half of 2008
Aggreko forecast a 25% growth in revenues and 40% higher pre-tax profits for its first half of the year to 30 June in a trading statement before it entered its close period for the period.
CNH announces +5% ‘surcharge’
CNH has announced a +5% across the board surcharge for all its products in reaction to sharp rises in its steel and energy costs. The supplement applies to Case and New Holland Construction machines, as well as to attachments.
Niftylift makes inroads into Eastern Europe.
UK Manufacturer Niftylift has recently acquired full product certification and permission to use status, for its entire range of machines in Russia. In addition the company has begun supplying its range of self propelled platforms to a Hungarian rental company.
Palfinger to take over Wumag's aerial platform business
Austrian manufacturer, Palfinger has announced that it is in the final stages of taking over the Elevant, aerial working platforms unit from Wumag GmbH.
UK private equity firm closes on Ashtead Technology
London-based Phoenix Equity Partners is to buy Ashtead Group's specialist offshore technology rental division Ashtead Technology, according to a report on the website of The Telegraph newspaper.
Lewis invests in GJJ
Lewis Equipment, the Grand Prairie, Texas-based hoist and tower crane specialist, now has 250 GJJ hoists in its US fleet and is expanding its links with the Chinese manufacturer through sales in New Zealand and Australia.
Turbulent times: Rise or fall of mastclimblers?
Has the current financial market turmoil and construction decline shifted the outlook for rack and pinion access equipment around the world?
Bil-Jax commits to ‘Go Green'
US scaffold and aerial platform manufacturer, Bil-Jax, has formed a 'Go Green' Committee. The committee's role is to investigate and implement initiatives which will reduce the environmental impact of the company's manufacturing practices and day-to-day operations.
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