NEWS
8
IRN JANUARY 2014
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Rental information from
IRN
In addition to the published magazine,
IRN
provides rental news and information in a variety of formats:
■
Longer versions of these stories, plus hundreds of
others, can be found at
The site has
dedicated sector pages for Rental, Construction, Access,
Cranes and Demolition. (See:
)
■
Volvo Rents executive Mike Crouch
has been appointed president and
chief operating officer of Acme Lift
Co, the aerial platform re-rental
specialist based in Arizona, US.
Woody Weld will remain as chairman
and CEO of the company. Mr Crouch's
appointment comes a month after
Volvo Rents was sold to private
equity company Platinum Equity.
■
In early November French rental
company Kiloutou acquired MOST
Location, a family owned access
rental company with around 1000
aerial platforms.
■
HSS Hire has opened four new
rental locations in southern UK at
the start of 2014. The branches are
in Edmonton (London), Southend
(Essex), Weybridge (London) and
Salisbury (Wiltshire).
■
Riwal has opened its second rental
location in Brazil, in the Caminas
region of São Paulo. The Netherlands-
based company has had a depot in
Curitiba for several years.
■
Ashtead Group has joined the FTSE
100 list of major UK stock exchange
quoted companies. The FTSE 100 is
one of the key business lists in the UK
and Europe, comprising the top 100
capitalised business on the London
Stock Exchange. Ashtead’s share
price has risen from £4.30 at the start
of 2013 to more than £8.00 now.
■
NESCO, one of the largest utility
equipment rental businesses in
the US, has been sold by Platinum
Equity to another private equity firm,
Energy Capital Partners. NESCO rents
insulated aerial platforms and other
utility equipment throughout the US.
■
The first phase of the proposed
HS2 high speed railway project -
between London and Birmingham
- will cost around £10 billion to build
and could generate rental revenues
of more than £200 million, said the
Construction Plant-hire Association
(CPA). Preliminary designs for the
project – which has not yet been given
the go-ahead by the UK government –
require 60 million m3 of earthworks.
MANUFACTURERS
■
Terex has agreed to sell its rigid and
articulated hauler business to Volvo
Construction Equipment for US$160
million. The deal, which is subject to
regulatory approvals, includes the
Terex plant in Motherwell, UK, and a
25.2% share of Inner Mongolia North
Hauler Joint Stock Co, which produces
and sells rigid haulers under the Terex
brand in China.
■
JCB plans to invest £150 million
(€180 million) over five years to expand
its operations in Staffordshire, UK.
The funds will support construction of
a new 32516 m2 factory for JCB Cab
Systems in Beamhurst, near Uttoxeter,
to replace the current smaller facility
in Rugeley.
■
Perkins said its Stage IIIB/Tier 4
Interim engines above 130 kW will
not require any de-tiering for use
in countries where fuel quality and
sulphur content can vary. For engines
under 130 kW Perkins will provide
“authorised modification processes”
through distributors from 2014.
■
Chinese manufacturer Liugong has
acquired Polish components producer
ZZN Transmission Plant. Located
in Stalowa Wola, the ZZN factory is
adjacent to Liugong existing facility
in the country, which it established
through the acquisition of dozer
manufacturer HSW in 2012.
■
Kobelco Construction Machinery
Europe (KCME) has opened a new
European headquarters in Almere,
the Netherlands. The facility is one
element of Kobelco’s strategy to
develop excavator sales under its own
RENTAL ROUND-UP
MARKETS
■
Construction output among Europe’s
member states fell 0.8% year-on-year
in October, while output from the
Eurozone was down 2.4%, according
to the latest data from Eurostat. The
strongest year-on-year declines were
registered in Portugal (-15.1%), Bulgaria
(-7.9%), Slovakia (-5%) and Poland
(-4.3%). The highest increases were
in Slovenia (27.3%), Hungary (10.7%),
Romania (7.6%) and the UK (5.1%).
■
Global demand for construction
aggregates is set to reach 53.3 billion t
by 2017, according to research company
Freedonia. Growth is expected to
average 5.8% per year between
2012 and 2017, with the most robust
increases coming from emerging
markets.
■
The Portland Cement Association
(PCA) forecast in November that the US
will consume 86 million t of cement in
2014, a 8.1% increase on 2013.
■
There are currently 322
infrastructure projects underway
in Africa with a combined value of
US$ 223 billion, according to Deloitte.
These projects – all of which were
ongoing on 1 June 2013 – highlight the
continent’s huge potential in terms
of development. The top sectors are
energy and power, transport, mining,
real estate, water and oil and gas.
■
The UK construction recovery
continued in October, with the Office
for National Statistics reporting a 5.3%
increase year-on-year. It is the third
consecutive quarter of growth and
follows predominantly negative growth
since the third quarter of 2011.
brand in Europe following the ending
last December of the 10 year excavator
joint venture with CNH.
■
Zoomlion Cifa has opened
a production site in Brazil and
announced plans for new sales and
service subsidiary in France. The new
facilities in France and Brazil are for
Zoomlion’s concrete construction
equipment subsidiary Cifa, the Italian
manufacturer it acquired in 2008.
News from khl.com
INTERNATIONAL
rental
ALSO INSIDE: RENTAL PRICING STRATEGIES & KEVIN APPLETON COLUMN
Official magazine of the ERA
A KHL Group Publication
Volume 13 Issue 6
September-October 2013
NEWS
There is no holding backChina’s
fast growingAWPmanufacturers
Investing
WorldRentalReport:
interviews from
five continents
p15
Pumping cash:
rental proves
attractive to
pump suppliers
p32
Guide to the 1st
International
RentalConference
on 14October
p29
p44
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