SPONSORS
| Cemex bids for Rinker Mexico-based materials producer Cemex has launched a US$ 12.8 billion cash offer to acquire Rinker, an Australian rival with significant operations in the US. However, Rinker’s Board has dis . . . more |
| Allianz to buy John Laing Germany-based insurance group Allianz has made a UK£ 957 million (€ 1,43 billion) bid for UK infrastructure investment company John Laing. John Laing's Board has accepted the offer and is wi . . . more |
| Carlyle agrees Xugong stake US-based equity firm Carlyle Group has agreed to pay CNY 1.22 billion (US$ 154 million) for a 40.3% stake in China’s Xugong Construction machinery. Once the deal is completed, Carlyle is exp . . . more |
| Survey suggests slower growth Worldwide construction equipment sales are expected to show double digit growth in 2006 but these gains are not forecast to continue into 2007, according to US-based construction equipment m . . . more |
| IPO values KBR at US$ 2.78 billion Halliburton’s initial public offering (IPO) of shares in its wholly-owned subsidiary KBR will value the engineering and construction company at up to US$ 2.78 billion. Halliburton will sell . . . more |
| IR sees US compact market slump Ingersoll Rand says sales by its compact equipment subsidiary Bobcat were down -20% in the third quarter of the year, compared to the same period in 2005. Unusually high orders in Q3 last ye . . . more |
 First Fushun Yongmao in the UKThe first tower crane in the UK from Chinese manufacturer Fushun Yongmao has been delivered. Jin Long Europe, the European representative of Fushun Yongmao Construction Machinery Co., suppli . . . more |
| Goldhofer expansion To meet higher demand for its specialized trailers and transporters Germany-based manufacturer, Goldhofer AG, has invested to expand its facility, writes Gino Koster. Stefan Fuchs, Goldho . . . more |
| Crane Services orders 1,000 tonner UK-based specialist crane rental house Crane Services has ordered one of Liebherr’s new 1,000 tonne capacity LTM 11000-9.1 wheeled mobile cranes. The new crane, first announced in IC last ye . . . more |
| San Marco launches self-erectors Making their debut at the SAIE exhibition in Italy are two new self erecting tower cranes from Italian manufacturer San Marco International. The SMH 244NH, which is mounted on hydraulic outr . . . more |
| Bromma expansion Sweden-based Bromma Group has opened a second factory building in Malaysia. The company manufactured 520 telescopic container spreaders in 2005 and is forecasting a rise in output to 750 thi . . . more |
| Speedy buys LGH's UK operation Speedy Hire has acquired the UK business of Lifting Gear Hire (LGH) for £13,5 million (€20,2 million) in cash and shares. The acquisition - from the Parkinson family who founded the company . . . more |
| RK-Cramo to rename as Cramo Finland’s Rakentajain Konevuokraamo Oy (RK), the company that merged with Sweden’s Cramo, is to change its name to Cramo Oy, subject to the approval of its shareholders at a special meeting . . . more |
 Outreach develops offshore platformOutreach, a UK Palfinger dealer, is developing a line of special aerial platforms for use on offshore oil and gas facilities. The platforms are designed for two main applications; to prov . . . more |
| News highlights from SAIE * Alexandre Saubot, chief executive of Haulotte Group, told AI that work on the company’s new factories in Spain and Romania was progressing well, with buildings now largely complete at both . . . more |
 Ruthmann 100m arrives in UKThe 100 m Ruthmann platform owned by Gardemann Arbeitsbuhnen in Germany has made what is believed to be its first ever appearance in the UK, arriving by ferry on Sunday 29th October at the H . . . more |
| Venpa invests €9m with CTE Italian rental company Venpa has a placed a €9 million order for 500 platforms with CTE, Genie’s dealer in Italy. Around three quarters of the machines will be Genie platforms, with the r . . . more |
 PMI demolition miniPMI exhibited a modified ‘high reach’ mini excavator at last week’s SAIE show in Bologna, Italy. The addition of an extended boom gave the Doosan SK35 a maximum pin height of 7.1 m, and the . . . more |
 |
 |
 | |
 |