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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 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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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, a crane hire firm in Louisiana, USA, is making its initial expansion into Texas by acquiring Ray Anthony International’s Texas assets.
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.
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 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.
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.
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.
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.
Manitex International has announced that its order book for this year already contains seven orders totaling $11.5m. The orders are scheduled for delivery in the second and third quarter of this year.