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The European Commission has handed out the biggest fines in its history to a cartel of five companies involved in the sale, installation and maintenance of elevators and escalators across Belgium, Luxembourg, Germany and The Netherlands. Otis, Kone, Schindler and ThyssenKrupp have been found by the Commission to have operated restrictive business practices at least 1995 and 2004. Mitsubishi Ele . . . more | |||||
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| Volvo to buy IR road unit Volvo Construction Equipment has agreed to buy Ingersoll Rand’s road building equipment business for US$ 1.3 billion in cash. The division makes soil and asphalt compactors, pavers and milli . . . more |
| Alfred McAlpine finds irregularities Contractor Alfred McAlpine has suspended two directors of its Slate business following the discovery of accounting irregularities. The company will have to restate its accounts as a result, . . . more |
| EBRD ‘cross-bans’ Lahmeyer The European Bank of Reconstruction and Development (EBRD) has debarred consultant Lahmeyer International from working on any projects it funds. The ban is a result of German company’s bribi . . . more |
| Halliburton to sell remainder of KBR Halliburton has announced plans to divest its majority stake in contracting and engineering subsidiary KBR by means of a share swap. The company will offer the 135.67 million shares it holds . . . more |
 Seattle's new civic squareUK-based Foster + Partners, part of the Seattle Civic Square Group, has won a competition to redevelop the city’s new Civic Square. The project, which completes the final phase of a ten-y . . . more |
 Hamiltons goes green in MalaysiaUK-based Hamiltons Architects has unveiled designs for a 40 storey, 50000 m2 mixed-use tower in Kuala Lumpur, Malaysia. Its first project in the country. The tower will consist of 22 leve . . . more |
| Crane Rental adds to fleet Crane Rental Corp. anticipates continued demand for its crane rental and heavy haul services, announcing that it has placed orders with Manitowoc and Link-Belt for 11 new cranes, including t . . . more |
| WRCA acquires Wireline Works Wire Rope Corporation of America (WRCA) announced the acquisition of Wireline Works, a market leader in electro-mechanical data logging cables used in cased hole applications. Terms of the t . . . more |
| Kanoo and Wolffkran joint venture Wolffkran Arabia is a new joint venture between tower crane manufacturer Wolffkran and equipment dealer Kanoo Machinery. The new venture will sell and rent out tower cranes in the United Ara . . . more |
 Frey leaving LiebherrHans-Georg Frey will leave his job as managing director at Liebherr-Werk Ehingen GmbH in Germany on 30 April. On 1 May Frey takes up the position of chairman of the board of management at ma . . . more |
 Hewden to be rental 'green giant'Hewden aspires to be the ‘Green Giant’ of the equipment rental sector by demonstrating a commitment to environmental issues. Forty-four of its locations in the UK are now certified to the . . . more |
| Briggs to expand industrial rentals US industrial equipment rental specialist Briggs Equipment has formed a new company, Briggs International Inc, to lead the international expansion of its rental business. Briggs, based in . . . more |
 New portables from Godwin PumpsGodwin Pumps has launched its Wet-Prime series of portable, petrol-powered pumps. The company, based in Bridgeport, New Jersey in the US and Gloucestershire in the UK has given the pumps Sub . . . more |
 Rental Force shifts Dutch wastePictured is a Hitachi Zaxis ZX280LC-3 rented to contractor De Koker by Rental Force BV is helping shifting thousands of tonnes of waste material deposited each week at a major recycling and . . . more |
| French renters remain optimistic French renters continue to hold an optimistic view of the rental sector at the start of the year following an extremely busy final quarter of 2006. According to the quarterly trends bulle . . . more |
 Gerken adds second 100 m platformGermany’s Gerken is the first rental company in the world to have two 100 m+ truck mounts in its fleet following delivery of its new Bronto Skylift S 101 HLA on 16 February. The company has . . . more |
| Haulotte opens doors in Mexico Haulotte Group opened a subsidiary office in Mexico in January as part of its worldwide investment programme in sales and service locations. The new office will be run by Laurent Demaretz . . . more |
| Book now for Europlatform Topics covered by the new Europlatform conference being held in Basel, Switzerland, on 11 September, will include access rental finance, safety issues and rental operations. The programme . . . more |
 AFI profits hitting the heightsAccess rental company AFI-UpLift has the fifth fastest growing profits of any private equity backed company in the UK according to a new survey. The Sunday Times Deloitte Buyout Track 100 . . . more |
| Layher & MonZon in scaffold dispute Layher’s Swedish subsidiary has lost a legal case against Swedish scaffold manufacturer Mon.Zon. Layher had claimed to the Swedish Market Court that Mon.Zon advertising materials could ha . . . more |
 Terex Finlay goes for growthA recent dealer/customer event near Dublin, Eire, was the venue for the formal introduction of the company’s new cone crusher, the C1540, announced in D&Ri’s last issue, with the unit’s publ . . . more |
 New look for NFDCThe UK’s National Federation of Demolition Contractors has rolled out a new visual identity across all of its communications material, including its website. Switch Design Consultancy, based . . . more |
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