All Construction Articles

H&E calls off Neff acquisition
John Engquist, chief executive officer of H&E, stated that the company will instead pursue an accelerated strategy of greenfield expansion and opportunistic acquisitions  
CEA appoints first honorary president
David Bell, director at JCB, begins role at UK’s Construction Equipment Association, bringing wealth of experience
Strong Q2 for Finning
Revenues increase of 21% year-on-year and EBITDA rise of 87% makes for strong reading for Canadian Cat distributor
Wacker’s record figures
Wacker Neuson raises revenue forecast after good second quarter, and reports improved profitability
Record high expected for Indian equipment market
Construction equipment sales in India will grow +10% this year, continuing the momentum of the +36% surge seen in 2016, according to Off-Highway Research. This will see the market surpass the previous record high of 72,492 machine sales seen in 2011.
Remarkable turnaround in Chinese equipment market
Sales of construction equipment in China are expected to grow +55% this year according to updated forecasts from specialist consultant Off-Highway Research.
Xylem feels half-year pump
Six month revenues increase of 25.8% year-on-year recorded for US pump manufacturer
US rental market rising
Growth of 4.3% in rental revenues for 2017, with single-digit growth to follow over next five years
Cat enjoys Q2 leap
World’s biggest manufacturer beats forecasts with US$1 billion sales hike in second quarter
Manitou completes LiftRite buyout
The Manitou group has finalised its acquisition of a majority stake of 55% in the Australian company LiftRite. It will hold a 96% share by 2020
Optimism in US construction market
Inaugural Commercial Construction Index indicates high revenue and employment expectations in US for 2017
Atlas Copco rebrands construction business
Construction technique business to be renamed power technique to reflect business characteristics
Lehner to head Wacker Neuson
Deputy CEO of German-based compact equipment manufacturer chosen to replace Cem Peksaglam as CEO
JCB sales rise
UK-based machinery manufacturer’s earnings grew by more than 34% in 2016, with sales turnover rising by nearly 12%
Volvo sells entire Deutz stake
Approximately 25% of Deutz shares sold by Volvo, which are now said to be in free float, says engine manufacturer
A-Plant chief to retire
Sat Dhaiwal will retire in July 2018 after serving 25 years at the company – 16 years as CEO
Volvo’s Weissburg to head home
Melker Jernberg to take over as president of Volvo Construction Equipment from start of next year as Weissburg returns to US for family reasons
Deutz acquires its Spanish dealer
Tallers Soler, based near Barcelona, has been a close partner of Deutz for over 40 years
Further changes to Cat’s management team
Doug Hoerr, vice president of material handling & underground division, to retire on 1 August, following Paolo Fellin, Greg Folley and George Taylor
Atlas Copco’s Rego promoted to president
Vagner Rego to replace Nico Delvaux as president of compressor technique business on 1 August
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