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Terex sales hit US$ 7.6 billion Terex increased its sales +24% last year to US$ 7.65 billion. It’s operating profit was up +92% to US$ 710 million and net profit more than doubled from US$ 188 million in 2005 to US$ 400 million last year. Commenting on the results, Terex chairman & CEO Ron DeFeo said, “2006 was a year of significant progress on many fronts – financially, operationally and organisationally.” He added, “Our out . . . more | |||||||||||
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| Building collapse kills two in Istanbul A five-storey apartment building collapsed in Istanbul early today killing at least two people and injuring 26 others, according to local press reports. Rescuers pulled the body of a woma . . . more |
| Vulcan to buy Florida Rock Alabama, US-based Vulcan Materials has agreed to buy Florida Rock Industries for US$ 4.6 billion. The cash and shares deal represents a +45% premium on Florida Rock Industries’ closing price . . . more |
| Poles protest against highway Environmental groups in Poland have demonstrated in Warsaw, Szczecin, Gdansk, and Krakow against the construction of a highway that would cross one of Europe's rare peat bogs. The Polish . . . more |
| Colas acquires rail businesses Colas, the roadbuilding contractor which is 96,4% owned by Bouygues, has signed agreements to acquire Spie’s French and UK railway construction businesses. The acquisitions will add about € . . . more |
| Finnish cartel probe dropped The Finnish Competition Authority (FCA) has closed its investigation into anticompetitive behaviour in the bituminous roofing market without proposing any sanctions. The FCA began its inv . . . more |
| NW China plans road expansion Northwest China's Xinjiang Uygur Autonomous Region's Department of Communications has announced plans to invest CNY 10 billion (US$ 1.29 billion) in road construction this year, reports stat . . . more |
| New Wilbert tower factory Wilbert in Germany is building a new 120,000 m2 factory to manufacture tower cranes. It is 4 km from the existing plant near Frankfurt and construction of the first phase will be complete in . . . more |
| Ritchie Bros. auction breaks record Ritchie Bros. Auctioneers announced the results of its two-day, multi-million dollar unreserved auction held at its permanent auction site in Phoenix, Arizona. The unreserved public auction, . . . more |
| Liebherr 1,000 tonner now a 1,200 The maximum lifting capacity of Liebherr’s new flagship telescopic wheeled mobile has been increased from 1,000 to 1,200 tonnes. First announced in November 2005 in IC, the LTM 11200-9.1 . . . more |
| Terex Cranes profit up 102% Net sales in the Terex Cranes segment for the fourth quarter of 2006 increased $153.9 million to $501.8 million from $347.9 million in the fourth quarter of 2005. The growth reflected improv . . . more |
| Locatelli acquired by Venpa Family-owned mobile crane manufacturer Locatelli in Italy has been acquired by rental house Venpa 3 for an undisclosed sum. Locatelli has been building rough terrain cranes for more than . . . more |
| Boom chairman and CEO to retire Rod Harmon, CEO at Australian crane rental giant Boom Logistics will retire on 30 June. Since he started at the company as CEO in 2002, annual revenue has risen to more than AUD$250 million . . . more |
| Liebherr launches UK rental company Liebherr will have a UK rental business running in England, Scotland and Wales by the third quarter of this year, with an initial investment of £7 million (€10,4 million) in a fleet of 55 ma . . . more |
| Italy's Venpa buys crane maker Leading Italian rental company Venpa said it has bought all of Locatelli Spa, a mobile crane manufacturer in Bergamo, near Milan. The company’s announcement, made today, did not reveal the p . . . more |
| Eastern Europe propels Ramirent Massive growth of Ramirent’s eastern European rental business helped push the company’s 2006 sales to €497,9 million, an increase of 28% over 2005. Ramirent Europe – which covers the thre . . . more |
| RSC to float on US exchange RSC Holdings Inc, the parent company of RSC Equipment Rental in North America, is to float on the US stock exchange and has filed an IPO statement with the Securities and Exchange Commission . . . more |
| Move to Australia says HRIA The Australian rental industry is trying to attract rental personnel from Europe and North America to plug a shortage in skilled and qualified staff. Rental companies including Kennards H . . . more |
| Genie grows despite weaker handlers A weakening of telehandler sales has not stopped Terex’s aerial work platform division – including Genie Industries – report a 30% rise in sales to US$514 million for the final quarter of th . . . more |
 Planet imports PLE scissors from USPlanet Platforms in the UK is selling a new trailer mounted scissor lift following an agreement with US company Portable Lift Equipment Inc (PLE) to import its scissor packs. PLE makes two t . . . more |
 Spanish rail invests in CMC liftsSpain’s national railway operator RENFE has ordered 17 PLF12 rail-mounted platforms from CMC in Italy. Railway equipment specialist Cometi, also of Italy, will mount and deliver the units to . . . more |
 Tony Blair opens UpRight's UK plantUK prime minister Tony Blair officially opened Tanfield Group’s new UpRight Powered Access manufacturing plant in the north east of England at an official ceremony at the start of February. . . . more |
| Cracking down on fly tipping Barbara Young, chief executive of the UK’s Environment Agency, speaking at the Environmental Services Association (ESA) parliamentary conference, said: “Environmental crime is a major issue . . . more |
 Design awards for Rubble MasterAustrian compact crusher manufacturer Rubble Master has received a 2007 Award of the Federal Republic of Germany in Silver for its RM70 compact tracked crusher. These awards are sponsore . . . more |
 Cuddy Group sets safety standardCuddy Group is the first demolition, dismantling and asbestos removal operation in the UK to be accredited to ISO 18001 National Quality Assurance Standard for Health and Safety Management. . . . more |
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