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| Cat predicts slowdown in 2007 Caterpillar’s share price fell following its third quarter results announcement despite announcing a rise in both revenues and profits. While the numbers were good – revenues up +17% and net . . . more |
| Hochtief to buy airport share A consortium led by Germany-based Hochtief, has signed an agreement with BAA to acquire BAA’s majority shareholding in Budapest Airport in Hungary. The consortium is headed up by Hochtief Ai . . . more |
| Panama upgrade plan approved Almost 80% of Panama’s citizens approved the US$ 5.4 billion widening of the Panama Canal, which connects the Pacific and Atlantic oceans, in a referendum held in the country on 22 October. . . . more |
| Corus accepts Tata offer The board of Anglo-Dutch steel producer Corus has approved a UK£ 4,3 billion (€ 6,4 billion) acquisition bid from India-based Tata Steel but the deal has yet to be accepted by shareholders. . . . more |
 BWTC turbine bridge installedJoint venture contractor Nass Murray and Roberts has installed the second of three turbine-carrying bridges at the 240 m high Bahrain World Trade Centre (BWTC). Each 32 m long, 50 tonne, . . . more |
| Messina construction cancelled? Construction of the Messina Bridge, between mainland Italy and Sicily, has been removed from the Italian Government’s priority national construction projects list. The downgrading of the sch . . . more |
| New Manitowoc Model 14000 Manitowoc said it has already received several dozen orders for its new 200 tonne capacity Model 14000 crawler crane. Al Kadow, Manitowoc product marketing manager, said that, in part, th . . . more |
| Customise your Kobelco Kobelco has introduced a range of ‘custom build’ options for its 250 tonne capacity CKE2500-2 crawler crane. Applications include wind-turbine assembly, port, petrochemical and marine operat . . . more |
| More strand jacks for Sarens International lifting and transport specialist Sarens Group has ordered 24 heavy lift strand jacks worth more than US$2 million from manufacturer Hydrospex. It is the largest order for stran . . . more |
 Weldex gets Kobelco CKE600 crawlersScotland, UK-based heavy lift specialist, Weldex, has taken delivery of three Kobelco CKE600 crawler cranes to complete a four-unit order. The first unit was handed over at April’s Intermat . . . more |
| New Liebherr distributor in US Upperline Equipment Co. LLC is a new company in the US formed to distribute Liebherr crawler cranes and other products built at Liebherr-Werk Nenzing in Austria. Upperline will sell the r . . . more |
| US party/events setting records US party/events rental will grow at double the rate of general GDP for the next few years, said John Campanelli, chief executive officer of California-based Classic Party Rentals, the larges . . . more |
| Swedish fund buys Pfaff-silberblau An 85% share of German material handling equipment manufacturer Pfaff-silberblau has been bought by EQT Opportunity Fund, a Stockholm, Sweden-based private equity investor that manages funds . . . more |
| Death of Ashtead Group chairman Cob Stenham, non-executive chairman of Ashtead Group – owner of A-Plant and Sunbelt Rentals – died suddenly last weekend aged 74. Mr Stenham joined Ashtead in October 2003 and brought a w . . . more |
| Tanfield invests more in UpRight Tanfield Group, owner of the UpRight Powered Access business, hopes to raise £20 million (US$37.4 million) through a new share offering to accelerate the growth of its powered access divisio . . . more |
| Lift buyers positive on JLG future There has been a generally positive reaction from equipment buyers to the surprise acquisition of JLG Industries by US specialist vehicle manufacturer Oshkosh, with all those contacted by Ac . . . more |
| Brand adds Interstate Scaffolding US-based scaffolding company Brand Energy and Infrastructure Services has acquired and will merge Interstate Scaffolding, one of its larger US competitors. Brand, headquartered in Georgia . . . more |
| Haulotte results maintain momentum Haulotte Group reported a 29% increase in sales to €109.3 million for the three months to the end of September and confirmed its 30-35% growth forecast for the year. Sales for the first n . . . more |
| New US demolition safety code The American Society of Safety Engineers has issued a new, revised American National Standards Institute (ANSI) A10.44-2006 standard - Control of Energy Sources (Lockout/Tagout) for Construc . . . more |
 Metso adds mobile unitsMetso Minerals’ mobile crushing and screening division has announced that it will launch a new small mobile crusher, the Lokotrack LT96, onto the market during April 2007. The announcement w . . . more |
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