Riwal doubles capital expenditure for 2015
By Steve Ducker24 March 2015
Aerial work platform and telehandler rental specialist Riwal has announced it is doubling its capital expenditure budget for this year.
Chief executive officer Norty Turner said the investment was part of a strategy to “provide customers with the most advanced solutions possible.”
Mr Turner added: “With this investment in the rental fleet, we continue to offer a newer, more diverse and versatile equipment range.”
The Netherlands-based company said it will invest €80 million in its rental fleet.
Of this, close to €50 million is earmarked for renewals.
The balance will be spent on expansion investment to support Riwal’s international growth programme. The company already has operations in 18 countries on four continents.
Riwal’s investment will see more than 3000 new platforms and telehandlers purchased, including brands such as JLG, Genie and Holland Lift.
Specific new models include the 58-metre working height JLG 1850SJ Ultra Boom, and hybrid machines such as the JLG H340AJ and Holland Lift HL-275 H25.
Also included in the fleet plan are the Genie Z33/18 and the Z62/40.