Financial news - Page 1

Stay up to date with the latest financial news features from the global cranes industry

Latest Financial news Update

Project map 27 February, 2012

Basra, Iraq
UK heavy lift and transport specialist ALE has opened its first office in Iraq, in the southeastern city of Basra. Although the firm has had a presence in the... > read more

China builds for growth 23 February, 2012 Stuart Anderson recently toured a selection of Chinese cranebuilders on behalf of Cranes Today. He reports on the staggering growth in capacity, and what it will mean for the worldwide industry.

Winners sell at home, heroes sell overseas 23 February, 2012 Exhibitors at BICES, once seen by many as China’s ‘domestic’ construction equipment show, are increasingly setting their sights on export markets. Kevin Walsh reports from Beijing

That was the year that was 19 December, 2011 At the start of the year, it looked like 2011 might be the year that would mark a turnaround from the global financial crisis. With developed economies in crisis, that hope disappeared. Over the next two pages, Cranes Today’s regular writers consider some of the highs and lows of the year.

On top of the world 16 December, 2011 The economic thaw in Sweden, Norway and Finland in recent years has allowed more renewable power, oil and gas, and infrastructure construction projects, with government spending supporting construction. Lifting firms hope the Eurozone economic crisis won’t break their winning streak. Cristina Brooks reports.

Building big in Belgium 30 November, 2011 A new dealer agreement will see Manitowoc and NIBM looking to build their business in Belgium. Will North spoke to both companies about the deal, and their plans for the country.

The road to recovery 08 November, 2011 James Bond might be the first name that comes to mind when one thinks of Aston Martin, but a new high-yield bond is the current financial hero of the company. Carl Friedmann met Aston Martin CFO Hanno Kirner in the company’s state-of-the-art facility in the English countryside to discuss its plans to drive long-term growth in the current economic climate.

Hiap Tong Crane and Transport 20 October, 2011 Hiap Tong Corporation started trading in 1978, selling motor vehicles, before specialising in crane rental and heavy transport ten years later. From there the family-owned business has moved on from focusing solely on the saturated Singapore construction equipment market to set up locations in China, India and Malaysia. Kevin Walsh interviewed Patrick Ng, executive director of operations and sales, Hiap Tong

BICES preview 20 September, 2011 The 2011 Beijing International Construction Machinery Exibition (BICES) is expected to feature more than 880 exhibitors and attract more than the 78,600 visitors that came to last year’s exhibition. With so much to see, savvy visitors will pinpoint the cranes they want to see ahead of time.

Debt drama derails growth 20 September, 2011 The year started well in the US, with manufacturers and users reporting the first signs of growth. After a summer of squabbling in Washington and instability on Wall Street, a lot of that optimism is receding. Nicole Robinson reports

Investing in Russia 08 September, 2011 Russia has seen a recent surge of investment, both locally and from overseas. Stuart Anderson looks at some recent deals.

Local heroes 08 September, 2011 Stuart Anderson assesses the fortunes of local crane builders in Russia and the CIS since the fall of the Soviet Union

Mediterranean explorers set sail for new worlds 29 July, 2011 Facing stagnant domestic demand Mediterranean crane companies are revising their sales strategy and looking to exports. Murielle Gonzalez Oisel reports

Sarens 29 June, 2011 Belgium

What a difference a year makes 28 June, 2011 Researching this year’s Fleet File, Nick Hart spoke in detail to several companies about their experiences over the last year. Here, he compares stories from rental companies around the world.

Betting on Brazil 28 June, 2011 With sustained demand expected beyond one-off events like the Olympics in 2016, and a position at the heart of South America, Brazil is proving an attractive market for investment by overseas crane manufacturers. At ConExpo, Will North spoke to Manitowoc’s EVP for the Americas, Larry Weyers, about the company’s plans for the country.

Credit where credit’s due 27 June, 2011 Crane rental firms are no different than most in that they need a strong economy to survive and thrive.

Explosive growth 27 June, 2011 Murielle Gonzalez Oisel finds out how mining investments worth $74bn are pointing the way to recovery in South America’s leading economies.

Australian connection 25 May, 2011 In Australia’s two-speed economy, rental firms who’ve relied on residential construction have suffered. Those with the fleet to fulfil the infrastructure needs of the country’s booming minerals extraction and energy sectors have flourished. Kevin Walsh reports

Polish crane industry rises from recession 24 May, 2011 Following the regional pattern, Poland’s construction industry was hit by the economic downturn, pulling down the country’s crane industry as well. However, recent signs of improvement suggest that the rapid recovery of the private sector and government-funded infrastructure projects ahead of the Euro 2012 football championship could put the local crane market back on track, reports Jaroslaw Adamowski.

Features By Category view all