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Doosan to buy Bobcat for US$ 4.9 billion Doosan Infracore has agreed to pay US$ 4.9 billion to acquire Ingersoll Rand’s construction equipment businesses, including Bobcat, the world’s largest manufacturer of compact equipment. The deal is the biggest ever overseas acquisition by a South Korean company, and is the also the largest ever acquisition in the construction equipment sector. The acquisition includes Ingersoll Rand’s attachme . . . more | |||||
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| ADB funds post-quake construction The first part of the Asian Development Bank (ADB) US$ 400 million loan has been released to the Pakistani government to help rebuild homes destroyed in the October 2005 earthquake. The l . . . more |
| Skanska backlog prompts capacity worries Skanska’s revenues for the first half of the year were up +8% on the same period in 2006 to SEK 64 billion (€ 6,95 billion). However, the increase in work and orders has prompted Skanska to . . . more |
| Mexico invests in transport networks Mexico’s transport infrastructure will get MXN 2.5 trillion (US$ 235 billion) under President Felipe Calderón's national development plan for 2007-2012, according to a statement on the Gover . . . more |
| Brazil’s PPI projects get US$ 3.7 billion The Brazilian government is to make BRL 6.8 billion (US$ 3.68 billion) of federal funds available for use on pilot Private Participation in Infrastructure (PPI) projects, according the Minis . . . more |
| Terex profits leap Terex’s net profits for the second quarter of the year were up +54% to US$ 175 million. Its sales increase +16% over the three months, compared to the same period last year. The company also . . . more |
| Volvo sales up +24% Volvo Construction Equipment (Volvo CE) saw its sales rise +24% to SEK 14.1 billion (US$ 2.11 billion) in the second quarter of the year, compared to Q2 2006. SEK 1.13 billion (US$ 169 milli . . . more |
| Terex Cranes Q2 up 23.6% Net sales at Terex Cranes increased by 23.6% in the second quarter of 2007 compared to the same period last year. That amounted to US$544.5 million, a rise of $103.9 million from $440.6 m . . . more |
| MCG sales up 41% Second quarter sales at Manitowoc Crane Group jumped 41% to US$805.1 million, from $570 million in the same period last year. Operating earnings leapt even higher, by 59%, to $120.2 million . . . more |
 Odessa adds ship to shore capacityPort company HPC Ukraina has added another Liebherr post panamax container crane to expand the handling capacity at the Port of Odessa. Liebherr Container Cranes Ltd in Ireland supplied t . . . more |
 Dam around the craneCranage was a primary consideration on a new dam construction project in China. Client and main contractor Gezhouba Water Resources and Hydropower Engineering Group designed the project arou . . . more |
| Revenue up 22% for Ritchie Industrial equipment auctioneer Ritchie Bros. reported 17% growth in earnings for the first half of 2007. This delivered net earnings of US$44.1 million. “Net earnings growth in 2007 woul . . . more |
| Boom Logistics hit by bad weather Australian crane and access rental company Boom Logistics has revised down its profit forecast for the year to 30 June 2007 becasue of bad weather conditions over the past five months. Th . . . more |
| Classic expands in North Carolina Event rental company Classic Party Rentals has acquired Party Showcase in Raleigh, North Carolina. The Los Angeles-based company now has 25 locations nationwide. Classic will re-brand Par . . . more |
| Speedy makes Irish acquisition Speedy Hire has followed up its recent acquisition of Hewden's tool hire operation by buying Waterford Hire Services in the Republic of Ireland. Waterford is a two-depot business with 31 . . . more |
 UK high-reach market confirmationNew UK access rental company Zenith Access has taken delivery of a 90 m working height Bronto S HLA 90, “the first large machine to come into the UK in 11 or 12 years,” said director Mark Bu . . . more |
| Book now for Europlatform seminars The first Europlatform conference – taking place in less than six weeks time in Basel, Switzerland – will give access rental managers and safety specialists an unrivalled opportunity to lear . . . more |
| ISEA proposes new PPE system Members of the Scaffold Industry Association (SIA) in the US are closer to endorsing a new fall restraint system designed specifically for use in boom type aerial platforms. The system SI . . . more |
| Manitou sales up 14.8% French material handling equipment manufacturer Manitou reported first-half sales of €671 million. The figure is a 14.8% rise of €86 million over the same period a year earlier. The rise . . . more |
| Terex Aerials' sales rise 10% Sales by Terex’s Aerial Work Platforms division, which includes Genie, were 10% higher in the second quarter of the year compared to Q2 2006. Revenues hit US$ 640 million for the three month . . . more |
 Terex AWP appoints new VPTerex has appointment Linda Mayer (left) as vice president and general manager, global marketing and product management for Terex Aerial Work Platforms (AWP), the division that includes Geni . . . more |
 Recycling composite claddingEurobond, a composite cladding panel producer, has developed a recycling route for its products, working in conjunction with Corus, Rockwool and Sims Recycling Solutions. This could eliminat . . . more |
 Twin tracksNew Holland has introduced the E175B and E195B tracked excavators as part of a development plan the company says will see the total overhaul of its range by 2010. Weighing in at 18.7 and . . . more |
 Cat adds work toolsThe new H180D S hydraulic hammer, now available in North America, is Cat’s latest addition to its hydraulic hammer range. Weighing in at 3,900 kg (8,600 lbs), the HS180D S is a perfect match . . . more |
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