KHL Group - business-and-finance

Aggreko buys Cummins India power business

Aggreko plc plans to purchase the rental power business and assets of Cummins India Ltd (CIL) for €4.6 million in cash. The deal is subject to approval by CIL's shareholders. ...more
Bridon to sell interest in Chinese rope company

Wire rope manufacturer Bridon will sell its majority interest in Bridon Tianjin, manufacturer of elevator rope, to Golik Holdings Ltd, a Hong Kong-based company ...more
Cat and Trimble form new JV

Caterpillar and surveying equipment manufacturer Trimble have announced a new joint venture (JV) company and distribution agreement that will focus on applications for road construction, paving, heavy ...more
Cemex selling Canary Islands assets

Cemex is selling its assets in the Canary Islands to Spanish investment holding company Cimpor Inversiones, a subsidiary of Cimpor Cimentos de Portugal, according to a statement on its website. ...more
Essex sale complete

Private equity company Kirtland Capital Partners has completed the sale of Essex Crane Rental Corp. to Hyde Park Acquisition Company for US$210 million ...more

Tanfield forecasts 50% market decline in 2009

Tanfield Group has rejected speculation that it may close or sell its Snorkel subsidiary and said it was well-positioned to weather the downturn in aerial platform markets worldwide. Tanfield also rev ...more
YIT feels Russian residential dip

YIT has cut back on its residential construction work in Russia following a sharp and sudden weakening in the market. ...more
Ramirent reduces full-year profit forecast

Ramirent said further softening of markets - particularly the Baltic States - and increased operating costs would make it difficult for it to meet its 15% profit growth estimate for 2008. ...more
Cemex maintains forecast

Cemex had revenues of US$ 11.8 billion for the first half of the year, and achieved earnings before income tax, depreciation and amortisation (EBITA) of US$ 2.3 billion. ...more
Record fall in US construction jobs

The latest figures from the US Bureau of Labor Statistics (BLS) shows employment in the US construction industry fell to 7.26 million jobs in May. This was -5.05% lower than in May 2007. ...more

Ahern revenues up as prices fall

Third quarter revenues at Ahern Rentals increased 13% to $89.0 million despite a 5% fall in rental prices compared to the same period in 2007. ...more
Positive results from Bilfinger Berger

Bilfinger Berger has seen its third quarter pre-tax profits increase by +33% to € 88 million compared to € 66 million recorded during the same period in 2007. ...more
Holcim sales and profits drop

Holcim's sales for the third quarter were down -5% on the same period in 2007 at CHF 6,9 billion (€ 4,5 billion), down from the CHF 7,2 billion (€ 4,8 billion) reported last year. Pre-tax profit fell ...more
Hochtief third quarter profits slow

Hochtief recorded third quarter pre-tax profits of € 123 million, down -24% on the € 161 million reported for the same period last year. Overall sales in the third quarter were up +14% from € 4,3 bil ...more
Third quarter profits drop for NCC

NCC Group recorded third quarter pre-tax profits of SEK 787 million (€ 79 million), a -9% decrease on the SEK 866 million (€ 87 million) recorded during the same period last year. ...more

Oshkosh warns of lower than expected JLG sales

The Oshkosh Corporation, owners of JLG Industries, said it expected a loss of approximately $1.22 to $1.32 per share for the quarter ending 30 June 2008. ...more
May European sharewatch: Signs of Recovery

Share prices rebounded in April, as some confidence returned to the markets. There were some good increases in prices, but companies are generally still in negative territory for the year to date. Chr ...more
April European sharewatch: Nervousness continues

After a tumultuous start to the year, stock markets around the world calmed down a little in late February and March. However, the mood remained nervous and shares generally continued to fall. Chris S ...more
March European sharewatch: Nosedive

The value of shares around the world has sunk like a stone over the first few weeks of the year due to a worsening outlook in the US and the continued effects of the global credit squeeze. Chris Sleig ...more
Profits leap 87% at Tiong Woon

Singapore-based Tiong Woon Corporation (TWC) reported massive profit growth in the first six months of its ongoing financial year.The company’s heavy lift and haulage segment played th ...more

Atlas Copco buys Aggreko's European oil free business

Atlas Copco is to buy the European oil-free air (OFA) compressor rental business of UK-based Aggreko plc for €14.6 million. The purchase, expected to close on 20 November, expands the Atlas Copco Spec ...more
Qatar win for Harsco

Harsco Corporation has received a three-year contract to supply scaffolding, access towers, and other construction equipment to support the Barwa Commercial Avenue construction project in Qatar. The a ...more
Ritchie Bros. reports success at Las Vegas auction, third quarter

Bidders from as far away as Russia, Saudi Arabia and Canada purchased US$23 million of equipment from a $24 million unreserved public auction held by Ritchie Bros. Auctioneers in Las Vegas last week ...more
German renters add Matilsa booms

German rental companies Spielhoff and Arbeitsbuhnen Buchtmann travelled to Matilsa's new Zaragoza facility in Spain in early November for an early look at the new machines they have ordered. ...more
Scottish Coal orders Terex

Scottish Coal has taken delivery of the first 16 Terex TR100 rigid trucks of a 32 unit order. Delivered to its Pennyvenie opencast coal mine in Ayrshire, Scotland, the remaining 16 trucks will be deli ...more