Deere Plans China Engine Plant
Deere & Co. said it will build a new plant in China in Tianjin, near other Deere operations. The $60 million facility will be a plant to build engines for its agricultural, construction and forestry equipment....
Loxam Announces Acquisition of Stammis
Paris-based international rental company Loxam, has acquired the general rental equipment company Stammis from Riwal, an international aerial company based in Dordrecht, The Netherlands....
Aggreko Commissions 6.6-MW Unit in India
Aggreko, world-leading supplier of temporary power and temperature control services, has commissioned a 6.6 MW gas-fueled power package for Kaveri Gas Power Limited, the Mumbai Business Standard reported. KGPL, an independent power producer, contracted Aggreko when the breakdown of an alternator at a state-owned gas turbine plant reduced the power supply to the Tamil Nadu state, increasing the risk of load shedding and power shortages....
Brazil’s Mills Posts 25-Percent Revenue Jump in First Quarter
Mills Estruturas e Servicos de Engenharia S.A., Brazil’s largest rental company, posted first-quarter net revenues of R$145 million (about U.S. $90 million), a 25.5-percent increase compared to the first quarter of 2010, and a 6-percent drop from the fourth quarter of 2010. The 21 new branches opened since November 2009 were responsible for revenues of R$30.7 million, or 21.2 percent of the total....
Cramo Signs Strategic Partnership with Major Scaffolding Provider
Giant European rental group Cramo has signed an agreement with Europe’s leading scaffolding supplier Layher GmbH, based in Germany....
Speedy Hire Posts Pre-Tax Loss for Fiscal 2011
U.K.’s largest rental company Speedy Hire plc, this week reported a pre-tax loss for the fiscal year ended March 31 of £27 million (about U.S. $43.6 million), compared with a loss of £22.8 million in fiscal 2010....
Atlas Copco to Build Compressor Facility in India
Atlas Copco last week decided to build a new compressor manufacturing facility near Pune, India, to meet an anticipated strong growth in demand over the coming years. The investment of about SEK 160 million (about U.S. $25.3 million) will also serve to broaden the product offering to customers in India....
HSS Grows Profits in Fiscal First Quarter
HSS Hire Service Group this week posted a 21-percent increase in its fiscal first quarter, ended April 2. However, HSS officials warned that the second quarter might not fare as well because of a late Easter, the activities of the Royal Wedding and the expiration of a contract with Network Rail....
Ramirent Acquires Finnish Weather-Protection and Scaffolding Outfit
Ramirent Finland this week signed an agreement to acquire Suomen Sääsuoja, based in Tuusula, Finland, which specializes in renting scaffolding and weather protection equipment. The management and employees will transfer to the new owner’s employ. Suomen Sääsuoja had 2010 revenue of €5.9 million (about U.S. $8.4 million). The company has branches in Tuusula and Pori....
Ramirent Net Sales Jumps 20.5 Percent in Q1
Ramirent’s net sales increased by 20.5 percent to €134.4 million (about U.S. $191 million) for the first quarter of 2011 because of a recovery in the construction market that started after the middle of 2010....
2011 Europlatform Conference: “Financing Growth” Slated for September
This year’s Europlatform conference focuses on the theme “Financing Growth” and the speakers, which will be announced shortly, will discuss how access professionals can and should invest in their business to gain the most profit. Europlatform is being held on Sept. 13, at the MECC in Maastricht, the Netherlands, a day prior to the start of the APEX show....
IPAF Appoints Chris Wraith Technical Officer
The International Powered Access Federation this week appointed Chris Wraith as IPAF technical officer. The full-time position begins July 1, and is based at the Federation’s head office in Cumbria, United Kingdom....
Ramirent Acquires Another Czech Rental Company
Ramirent, Helsinki, Finland-based international rental company, has acquired the machinery and equipment rental business of the Czech construction machinery company RENT MB s.r.o., which has branches in Mlada Boleslav, in the central region of the Czech Republic, and Liberec, in the northern part of the country....
Wynne Systems Names Zadi Business Analyst for EMEA
Wynne Systems, international provider of enterprise software for the equipment and rental industries, has hired Lionel Zadi as a business analyst. Zadi is based in Antwerp, Belgium, where he will be responsible for managing the company’s accounting operations supporting Europe, the Middle East and Africa....
Messe München to Partner in Thailand Trade Show
Messe München International, owner of the Bauma trade fair in Munich, has extended its portfolio of construction trade fairs to include an event in Thailand. MMI has reached an agreement with the organizer of CONSTECH, Thailand’s leading construction machinery exposition....
Variety of Roundtables to Highlight European Rental Association Convention
Manufacturers facing recovery and IT/software integration will be among the topics discussed at the upcoming European Rental Association convention to be held June 7-9 in Amsterdam, according to the preliminary agenda released this week. The ERA will be held alongside the International Rental Exhibition trade show and the RAI exhibition center....
Komatsu Ltd. Buying Out its Japanese Rental Unit to Absorb its Debt
Komatsu Ltd. is buying out its Japanese rental subsidiary Komatsu Rental and will take on the rental company’s debt. Komatsu Ltd., the surviving company, will continue its rental operations in Japan....
Speedy Unloads its Accommodation Rental Division
The United Kingdom’s largest tool and equipment rental company Speedy Hire has sold Speedy Space, its temporary accommodation division, for nearly £35 million (about U.S. $57 million) to Elliot Group, a subsidiary of U.S.-based Algeco Scotsman. The division had assets of £52.4 million....
Sany to Build Heavy Equipment Plant in Indonesia
The Sany Group will invest about U.S. $200 million through its Sany Heavy Industry Co. subsidiary to build a heavy equipment plant in the Cikarang Industrial Zone in Indonesia. The plant has targeted the production of 1,000 units of heavy equipment per year and is expected to employ more than 1,500 workers....
Lavendon’s Q1 Revenues Rise 11 Percent
Lavendon Group, one of Europe’s leading aerial rental companies, said first-quarter revenues increased 11 percent compared with last year, in preliminary results released this week....
IPAF Summit Calls on Powered Access Industry to “Sell Safety”
The International Powered Access Federation Summit on April 14, in Amsterdam drew more than 200 delegates on the theme of “Selling Safety.” Gérard Deprez, CEO of Loxam and president of the European Rental Association, delivered the keynote presentation. He examined the differences between generalist and specialist rental companies, noting that the rental industry needs to do better to anticipate business cycles....
Participation Growing for European Rental Association Convention
More than 200 participants have registered to the European Rental Association’s 2011 convention, which will take place in Amsterdam from June 7 to 9 under the motto “Growth Again!” ERA expects close to 350 executives and representatives of rental companies, as well as national rental associations and suppliers to the industry to attend the event....
Kobelco Launches Manufacturing Facility in India
Japan-based Kobelco Construction Machinery this week inaugurated a new manufacturing facility near the city of Chennai, India, the company’s ninth global facility, Indian news outlets report....
Riwal Denmark Acquires BMS’ Aerial Fleet, Begins AWP-Crane Partnership
Riwal Denmark has acquired about 700 aerial work platforms from Danish aerial rental specialist BMS, as well as some of the company’s personnel and trucks. The two companies have started an intensive partnership to provide combined access solutions in the Danish market. The companies have been negotiating the deal since the beginning of the year....
U.K.’s Speedy Posts 4.8-Percent Increase in Fiscal Fourth Quarter
The United Kingdom’s leading equipment rental company Speedy Hire posted a 4.8-percent year-over-year increase in its fiscal fourth quarter ended March 31, the company said. Its U.K. Asset Services business increased by 3.9 percent compared to the prior year quarter, excluding fleet equipment sales, despite lower revenues within both the engineering services and space operations....
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