Financial news - Page 1
Stay up to date with the latest financial news news in the global cranes industryLatest Financial news Update
Entrec buys GT’s
Acquisitive Canadian crane and special transport firm Entrec has bought GT’s Crane and Transportation Services, in a deal worth around CAD57m. Entrec will add 45 cranes, including all terrain, rough terrain and picker trucks, 130 multi-wheeled trailers and 50 tractors to its fleet.
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Acquisitive Canadian crane and special transport firm Entrec has bought GT’s Crane and Transportation Services, in a deal worth around CAD57m. Entrec will add 45 cranes, including all terrain, rough terrain and picker trucks, 130 multi-wheeled trailers and 50 tractors to its fleet.
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Terex to cut 200 jobs
Terex has opened talks with German workers' council representatives, over plans to cut up to 200 jobs, mainly at its Wallerschied small-to-medium capacity all terrain cranes production facility.
Terex has opened talks with German workers' council representatives, over plans to cut up to 200 jobs, mainly at its Wallerschied small-to-medium capacity all terrain cranes production facility.
Terex Q3 2012 results feel EU crunch
Terex reported in its Q3 results that net income fell to $30.2m in this quarter, a 18.16% decline from $36.9m in the same quarter last year.
Terex reported in its Q3 results that net income fell to $30.2m in this quarter, a 18.16% decline from $36.9m in the same quarter last year.
Van Seumeren lends a hand to heavy crane users
Jan Van Seumeren, jr, the former CTO of Mammoet, has started a new independent heavy lift leasing and consultancy business, Re-Move, working with three former Mammoet managers. The company will seek to make heavy lift equipment available to users worldwide.
Jan Van Seumeren, jr, the former CTO of Mammoet, has started a new independent heavy lift leasing and consultancy business, Re-Move, working with three former Mammoet managers. The company will seek to make heavy lift equipment available to users worldwide.
Singapore and Malaysian regulators speak at Cranes Asia
The programme for Cranes Asia, Cranes Today's annual Singapore-based conference, has just been finalised, with the late addition of regulators from Singapore and Malaysia.
The programme for Cranes Asia, Cranes Today's annual Singapore-based conference, has just been finalised, with the late addition of regulators from Singapore and Malaysia.
Palfinger revenues looking up
Austrian Palfinger posted a year-on-year revenue increase of 12% to EUR 465m for the first half of 2012 in the run up to the start of its two joint ventures with Chinese Sany.
Austrian Palfinger posted a year-on-year revenue increase of 12% to EUR 465m for the first half of 2012 in the run up to the start of its two joint ventures with Chinese Sany.
Eastern Europe leads for Liebherr
In its latest report, privately-owned Liebherr says it is seeing its fastest growth in Eastern Europe. A new tower crane factory in Russia is helping it meet that demand.
In its latest report, privately-owned Liebherr says it is seeing its fastest growth in Eastern Europe. A new tower crane factory in Russia is helping it meet that demand.
Essex expects strong 2012 with high utilisation
Q1 results for Essex Crane Rental show improved utilisation and revenue from its equipment rentals segment, which was up $4.9m to $18.1m year on year, despite net losses remaining around $4.7m.
Q1 results for Essex Crane Rental show improved utilisation and revenue from its equipment rentals segment, which was up $4.9m to $18.1m year on year, despite net losses remaining around $4.7m.
Sany, Palfinger, agree JV for Chinese loader and global mobile cranes
A pair of new joint ventures between Sany and Palfinger will see the Austrian loader manufacturer building a new facility in China, the largest crane factory it has ever built, and taking on distribution of the Chinese firm’s mobile cranes around the world.
A pair of new joint ventures between Sany and Palfinger will see the Austrian loader manufacturer building a new facility in China, the largest crane factory it has ever built, and taking on distribution of the Chinese firm’s mobile cranes around the world.
Buffett-backed Sterling buys Freo
Canadian crane rental business Sterling Crane, ultimately owned by ‘sage of Omaha’ Warren Buffet's Berkshire Hathaway, has agreed to acquire Western Australia’s Freo Crane and its Queensland subsidiary Global Crane. The deal will help build a crane fleet of more than 800 units, covering three continents and some of the world’s most vigorous markets for lifting equipment, ultimately backed financially by one of the world’s most successful investors.
Canadian crane rental business Sterling Crane, ultimately owned by ‘sage of Omaha’ Warren Buffet's Berkshire Hathaway, has agreed to acquire Western Australia’s Freo Crane and its Queensland subsidiary Global Crane. The deal will help build a crane fleet of more than 800 units, covering three continents and some of the world’s most vigorous markets for lifting equipment, ultimately backed financially by one of the world’s most successful investors.
Link-Belt takes large ALL Erection order for 18 cranes
Manufacturer Link-Belt has received an order for 18 cranes from US firm All Erection and Crane Rental, who will distribute the cranes throughout its depots after delivery completes in September 2012.
Manufacturer Link-Belt has received an order for 18 cranes from US firm All Erection and Crane Rental, who will distribute the cranes throughout its depots after delivery completes in September 2012.
Sany appoints three dealers in bid for US market share
Following the recent opening of its new Georgia headquarters, Sany America has announced three partnership agreements with distributors appointed for the northern, southern and mid-western regions of the US.
Following the recent opening of its new Georgia headquarters, Sany America has announced three partnership agreements with distributors appointed for the northern, southern and mid-western regions of the US.
Palfinger opens service facility in Trenton
North America Palfinger, the US branch of the Austrian-headquartered crane builder, has announced the opening of a new sales and installation facility, PalFleet Truck Equipment, in Trenton, NJ.
North America Palfinger, the US branch of the Austrian-headquartered crane builder, has announced the opening of a new sales and installation facility, PalFleet Truck Equipment, in Trenton, NJ.
B&G acquires Ray Anthony’s Texas fleet
B&G, a crane hire firm in Louisiana, USA, is making its initial expansion into Texas by acquiring Ray Anthony International’s Texas assets.
B&G, a crane hire firm in Louisiana, USA, is making its initial expansion into Texas by acquiring Ray Anthony International’s Texas assets.
Vertikal Days moves crane sales forward
Vertikal Days 2011 took place on a Warrington racecourse on 22-23 June. Visitors braved rain to see at least six new cranes. Chinese Zoomlion, Italian JMG and American Terex were among the crane builders launching mobile and industrial crane models redesigned for local markets.
Vertikal Days 2011 took place on a Warrington racecourse on 22-23 June. Visitors braved rain to see at least six new cranes. Chinese Zoomlion, Italian JMG and American Terex were among the crane builders launching mobile and industrial crane models redesigned for local markets.
Essex announces Q1 financial results
US crawler specialist Essex Rental Corp, owner of Essex Crane Rental, has announced its first quarter results for 2011. With utilisation rates up and revenues increasing from the same quarter last year, and new distribution agreements, it has had ‘a busy and productive’ quarter.
US crawler specialist Essex Rental Corp, owner of Essex Crane Rental, has announced its first quarter results for 2011. With utilisation rates up and revenues increasing from the same quarter last year, and new distribution agreements, it has had ‘a busy and productive’ quarter.
Kobelco sees crane sales down, looks to future in China and India
Kobelco Cranes’ parent company Kobe Steel has announced its financial results for Fiscal 2010. Crane sales decreased despite expanding markets in Asia, although Kobe forecasts changing fortunes.
Kobelco Cranes’ parent company Kobe Steel has announced its financial results for Fiscal 2010. Crane sales decreased despite expanding markets in Asia, although Kobe forecasts changing fortunes.
Venetor buy-out to expand United Rentals Canadian base
US equipment hire firm United Rentals is expanding its reach in Canada with the purchase of Ontario’s largest independent rental firm, Venetor Group. The deal will add a range of mobile cranes to United Rentals business, an area that the company has not previously covered.
US equipment hire firm United Rentals is expanding its reach in Canada with the purchase of Ontario’s largest independent rental firm, Venetor Group. The deal will add a range of mobile cranes to United Rentals business, an area that the company has not previously covered.
Manitowoc announces ConExpo highlights
In the wake of ConExpo, the triannual trade show held from March 22-26 in Las Vegas, Manitowoc announced that it had sold four cranes to US hire companies for use across wind power, urban construction and chemical industries.
In the wake of ConExpo, the triannual trade show held from March 22-26 in Las Vegas, Manitowoc announced that it had sold four cranes to US hire companies for use across wind power, urban construction and chemical industries.
Nordic Crane acquires TO Bull’s mobile crane business
On January 1, the Scandinavian mobile crane firm Nordic Crane Group acquired the mobile crane business of one of Norway’s largest crane companies, TO Bull.
On January 1, the Scandinavian mobile crane firm Nordic Crane Group acquired the mobile crane business of one of Norway’s largest crane companies, TO Bull.
