NEWS
This TX2500 Traxportermanufactured by
Italian company Hinowa has a swivel skip
which can be operated at the same time
as the vehicle is inmotion, and a 180°
rotating seat and controls so the operator
can face in the direction of travel. The
machine – shown as a prototype at
Bauma last year – will be exhibited at the
ScotPlant 2014 show near Edinburgh, UK,
in April by Hinowa’s UK dealer, Access
Platform Sales (APS).
2014
SAMOTER
8-11 May, 2014.
Verona, Italy
INTERNATIONAL RENTAL
EXHIBITION (IRE)
24-26June, 2014.
Amsterdam, NL
ERACONVENTION
24-26June, 2014.
Amsterdam, NL
APEX
24-26June, 2014.
Amsterdam, NL.
EUROPEANRENTAL AWARDS
25June, 2014.
Amsterdam, NL
EUROPLATFORMACCESS
RENTAL CONFERENCE
25September, 2014.
Cologne, Germany.
THE SHOWMAN’SSHOW
22-23October, 2014.
Newbury, UK.
INTERNATIONAL RENTAL
CONFERENCE (IRC)
24November, 2014. Shanghai, China
BAUMACHINA
25-28November, 2014.
Shanghai, China.
2015
THERENTAL SHOW
22-25 February, 2015.
NewOrleans, US.
IAPAAWARDS2015
26March, 2015
WashingtonDC, USA
INTERMAT
20-25April, 2015.
Paris, France
2016
BAUMA
11-17April, 2016.
Munich, Germany.
6
DIARYDATES
Hertz to spin-off HERCdivision
IRNAPRIL-MAY 2014
Hertz Corp is to spin-off its equipment
rental division, HertzEquipmentRental
Corp (HERC), in a US$2.5 billion deal
that is expected to close inearly2015.
The separation of HERC from the car
rental businesses is planned in the
form of a tax-free spin-off to Hertz
shareholders. Hertz said proceeds of
the transaction will be approximately
US$2.5 billion, with the funds used
to pay down Hertz debt and support
a newly approved $1 billion share
repurchaseprogramme.
Mark Frissora, chairman and chief
executive officer of Hertz Corp,
said; “Our rental car and equipment
rental businesses are leaders in their
respective markets with valuable
assets and tremendous long-term
potential. Through unbundling these
undervalued assets, we unleash
current and future shareholder value.
Mr Frissora said there was potential
for “multiple expansion even if
both businesses only trade in line
with their peers. Additionally, the
separation will help each business
focus on its strategic and operational
performance.”
HERC reported revenues of more
than US$1.5 billion in 2013, making it
one of the top three rental businesses
in theUSalongsideUnitedRentals and
Sunbelt Rentals.
Lei ShingHong
CEO joins IRC
speaker line-up
Lawrence Poh, CEO of Lei Shing
Hong Machinery – one of the
largest Caterpillar dealers in
China – is the latest speaker to be
confirmed for the International
Rental Conference (IRC) in
Shanghai, China, on 24 November,
the day beforeBauma China.
Mr Poh, who will talk about Lei
Shing’s rental strategy in China,
joins other speakers including
Leigh Ainsworth (CEO of Coates
Hire) andMasaki Kurita (president,
NikkenCorp).
See
for details.
Loxamweathers
difficult 2013
Loxam saw a slight recovery of
its rental business in the final two
quarters of 2013 but not enough to
prevent a 2.8% fall in revenues to
€805 million for the year (see graph
below). EBITDA profits were down
10.1% to €239million.
The business - the largest
equipment rental company in
Europe - reported that the French
market, where it generates 85% of
its revenues, remained an uncertain
one with total construction forecast
to fall by between 0.5 to 2.3%
this year.
Revenues at the group recovered
in the third and fourth quarters of
2013, with 2% growth in each. These
increases followed three straight
quarters of falling sales, including a
14% year-on-year reduction in France
in the first quarter of 2013.
Its specialist divisions – including
access, power, accommodation,
events and heavy construction
machines – performed relatively
better, with full year revenues steady
at €138million compared to 2012.
Likewise its international divisions
were stable, with revenues rising
marginally to €119 million (not
including the recently acquired
Dansklift business.) Loxam’s general
rental business in France saw the
largest fall in 2013, with revenues
down4.2% to €571million.
The company said the focus in
2014 would be continued organic
growth in its specialist business and
international operations, while in
France it will continue to focus on
operational efficiency.
