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Komatsu had sales of JPY 2243 billion (US$ 22.4 billion) for the fiscal year ending 31 March, a +18,5% increase on the previous fiscal year. Net profits were up +26.8% to JPY 209 billion (US$ 2.09 billion). The company’s construction equipment sales were up +21% to JPY 1898 billio . . . more | |||||
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| Africa plans biggest dam project African politicians and financiers have met in London to discuss plans to build the largest and most powerful hydroelectric dam in the world, according to the UK’s BBC news agency. The US . . . more |
| Volvo sales grow on good markets Volvo Construction Equipment’s sales were SEK 15.1 billion (US$ 2.53 billion) for the first quarter of the year, a +38% increase on the same period in 2007. The division made an operating pr . . . more |
| Tram link for Burj Dubai United Arab Emirates (UAE) based Emaar Properties has unveiled plans for a US$ 136 million tram system for its Downtown Burj Dubai development. The 4.6 km-long Downtown Burj Dubai Tram Sy . . . more |
| Russia, N. Korea rail co-operation Vladimir Yakunin, president of Russian railway operator RZD, and North Korea’s Minister of Railways, Kim Yong Sam, have signed a “co-operation agreement”, according to Russian state news age . . . more |
 New head for Komatsu EuropeKomatsu has appointed Akira Sugiki as chairman & managing director of Komatsu Europe. He succeeds Tsutomu Sakurai who is leaving Komatsu after two years in charge of its European operations. . . . more |
| 4 GW Gujarat power plant The Asian Development Bank (ADB) has leant US$ 450 million to Coastal Gujarat Power Limited (CGPL), a subsidiary of Tata Power, to help build and operate the Mundra Ultra Mega Power Project. . . . more |
 New Liebherr taxi craneLiebherr unveiled a new 150 tonne capacity, six-axle all terrain crane at the SMOPyC exhibition in Spain in late April. The LTM 1150-6.1 offers a 66 m telescopic boom, the longest in its . . . more |
| More rises at Manitowoc Manitowoc’s crane segment saw net sales increase by 30% in the first quarter of 2008, to US$884.4 million, compared to the first quarter of 2007. Operating earnings for the same period incre . . . more |
| Sales and backlog leaps at Terex Terex Cranes reported strong growth in the first quarter of 2008 with a 26% increase in sales over the same period last year. That amounts to a US$131.4 million growth to $632.2 million. . . . more |
| SC&RA million miler awards The Specialized Carriers & Rigging Association (SC&RA) has awarded 31 drivers a Million Miler Award for Safety Excellence. The awards were announced at April’s SC&RA Annual Conference in . . . more |
 Kobelco crawler arrives in EuropeThe 110 tonne capacity CKE1100 crawler crane from Kobelco was on European soil for the first time at April’s SMOPyC exhibition in Spain. The model has a main boom length of 15.2 to 70.1 . . . more |
 Sarens Thailand challenge For the positioning of this 721 tonne xylene column in MapTaPhut, Thailand, Sarens UK used a PC 9600 pedestal crane and a 500 tonne capacity crawler crane belonging to Sarens Asia. The P . . . more |
| GAM outlines three-year strategy Spanish rental company GAM has outlined a three-year strategy that forecasts revenues growing from €307 million in 2007 to €560-590 million by 2010, with capital expenditure of up to €0.5 bi . . . more |
| Industrials and Europe buoy HERC Hertz Equipment Rental Co (HERC) reported a 5.4% growth in revenues to US$411.0 million for the first three months of 2008. Hertz said “strong” growth in industrial rental business in Nor . . . more |
| Atlas Copco adds Grimmer products Atlas Copco North America has signed an agreement with Grimmer Industries Inc to acquire its Hurricane booster and GrimmerSchmidt portable compressor business. The price was not disclosed. . . . more |
| A-Plant invests £30m in new fleet A-Plant in the UK has placed orders worth over £30 million (US$60 million) for new equipment from manufacturers including Terex, JCB, Doosan Infracore Portable Power, GenSet, JLG, Skyjack an . . . more |
 Twisting trench roller from RammaxMaking its European debut at IRE is Rammax’s new, 1530 kg RX 1510-CI Viper trench compactor, which both articulates and oscillates at its centre. The combination gives the machine, Rammax’s . . . more |
 'Fantastic opportunity' says DeprezGerard Deprez, managing director of Loxam and president of the European Rental Association (ERA), said the three-day rental International Rental Exhibition (IRE) and ERA Convention in June w . . . more |
| Over 125 exhibitors at IRE show Over 125 companies are now confirmed exhibitors for the first International Rental Exhibition (IRE) to be held at the RAI exhibition centre in Amsterdam, the Netherlands on 3-5 June this yea . . . more |
| Register now for IRE/ERA events Visitors can register in advance for both the International Rental Exhibition (IRE) and the European Rental Association (ERA) convention, taking place in Amsterdam, The Netherlands, on 3-5 J . . . more |
| AirWorx grows with new branches Independent rental yard AirWorx has announced it will be expanding into the Cincinnati and Louisville markets. The company, which currently has two rental yards in Indianapolis and Warsaw, I . . . more |
| Skyjack completes Volvo MHE deal. Linamar company, Skyjack, has finalised the deal to buy Volvo’s MHE (material handling equipment business). The acquisition will augment Skyjack’s range of telehandlers, add a rough terrain . . . more |
| Lavendon reports 26% growth in Q1 Powered access rental specialist, Lavendon, reported the Group’s first quarter revenues were up 26% from last year with massive increases from its French and Spanish businesses. Revenues . . . more |
 Production starts on Snorkel’s AB46The first production models of Snorkel’s improved AB46E articulated booms are about to start rolling off the lines at the company’s Kansas factory. Kansas will start producing European m . . . more |
 Sellick expands S SeriesSellick Equipment Limited has expanded the S Series product line by adding a 16,000 pound capacity model. The straight masted machine has full-time four wheel drive and four equal sized whee . . . more |
 New VP for JLG's CAT Alliance GroupJLG Industries has promoted Rick Alton to the position of vice president and general manager for JLG’s Caterpillar Alliance Group (CAG). “During his tenure with JLG, Rick has consistentl . . . more |
 UK success for A-WardNew Zealand-based demolition and recycling attachments manufacturer A-Ward opened a UK operation in November 2007 under general manager Graeme Smith. In the six months since, the company rep . . . more |
| End of an era The Tiger Stadium in Detroit, Michigan, is set to fall by the end of the summer, according to news reports. Vacant since the end of the 1999 baseball season, at least 75% of the historical s . . . more |
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