All Business & Finance Articles
UK rental company Charles Wilson Engineers (CW Plant) has ordered ten generator sets from SDMO Energy Ltd, the UK subsidiary of SDMO Industries.
UK rental company Speedy has launched a site consultancy service, Lean Site, to advise contractors on how to operate efficient and lean onsite operations and reduce costs.
Spanish manufacturer AUSA said sales in the first half of the year increased by 35.2% compared to the same period in 2010 with exports increasing by 58%. Exports represented 72.8% of its business in the period.
RSC Equipment Rental said its industrial and non-construction markets continued to improve in the second quarter of 2011, while non-residential construction fell slightly.
Terex AWP’s second quarter sales more than doubled to US$484.1 million, with North America and Brazil showing strong growth and western Europe strengthening. The division made operating profits of $28.2 million compared to a $2.3 million loss in the same quarter in 2010.
United Rentals more than doubled its second quarter net profits to US$27 million on revenues up 13% to $629 million, with a record time utilisation of 69% for a second quarter. The company said the figures defied a flat construction sector.
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Manitou reported continuing growth in sales in all its markets in the second quarter although the rate of increase in order intake has decreased because of renewed uncertainties about the world economy.
Lavendon Group is to close its Spanish rental operation in the second half of this year because of the poor long-term outlook for the market.
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Deal will expand current power portfolio and increase presence in emerging markets
Manlift, the Dubai-based company that rents aerial platforms and power in the Middle East, is expanding its power division by targeting new markets outside the United Arab Emirates (UAE).
UK access rental company AFI-Uplift is investing more than £5 million in new platforms, adding 500 new machines and expanding the fleet by over 400 units. AFI’s total fleet size is now more than 3300 units.
Wacker Neuson has appointed a former Robert Bosch executive Cem Peksaglam as its new chief executive officer, succeeding Dr Georg Sick who left the company last September to join Mecalac of France as chief executive.
Speedy Hire’s revenues for the three months to 30 June were 2.2% lower than the same quarter in 2010, with an 8.8% improvement in rental prices offset by a 5.8% fall in volumes.
The ERA/IRN Rental Tracker survey for the second quarter of 2011 reveals continued uncertainty in rental markets in the UK and Italy in contrast to more positive environments in France, the Nordic region and Benelux.
Hertz Equipment Rental Corp (HERC) has added four locations to its Pump & Power special division. The new branches are in Memphis, Detroit, Syracuse and San Diego.
Former Oil & Steel executive Paolo Balugani and three other investors have formed Sky Aces srl, a manufacturer that will focus on producing special platforms for niche applications such as tunnels.
Skyjack is joining the electronic parts management system SmartEquip Network. The system will provides direct online links to Skyjack’s parts and procurement systems for rental companies and other fleet owners.
Nixon Hire, one of the UK’s fastest growing rental companies, plans to become a national player by 2020 with revenues of around £50 million.
US operated access rental and sales company Shanghai Universal Equipment Co is playing a key role in developing access rental in China.
German Caterpillar dealer Zeppelin has created a separate business unit for all its rental operations, pooling the rental activities of MVS Zeppelin in Germany and Austria with those of Zeppelin subsidiaries in Russia, Slovakia and the Czech Republic.
Calculate the total cost of ownership and
CO2 output of construction machinery
using the European Rental Association’s
online, free-to-use calculators.
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