KHL

KHL
Share

KHL

 •  October 23

The Construction Plant-hire Association (CPA) has announced Brian Jones as its new president on a five-year fixed-term basis. Jones was elected at the CPA’s annual general meeting this month, following six years as chairman of the association. The new president will work alongside the new chairman Steve Cormack, CEO Colin Wood and the council. Upon...

KHL

 •  October 20

In its third quarter of 2017, Haulotte Group’s consolidated sales were up 2% to €106.1 million, compared with the same period last year. Cumulatively, sales amount to €370.7 million, compared to €343.8 million at the end of September 2016, representing an increase of 8% between the two periods, with no significant impact from foreign exchange. The...

KHL

 •  October 20

Metso’s order intake in the third quarter grew 30% year-on-year in the third quarter of 2017, and the company said that market activity remained healthy. President and CEO Nico Delvaux, however, said that the performance during the quarter was “clearly not satisfactory”. Finnish-based Metso recently announced it had decided on a new operating model...

KHL

 •  October 18

Following a change in circumstances, Canadian energy company TransCanada has said that it will no longer be proceeding with its CAD$12 billion (US$9.5 billion) Energy East Pipeline and Eastern Mainline projects in Canada. President and CEO of TransCanada Russ Girling said, “TransCanada will also notify Quebec’s Ministère du Developpement durable,...

KHL

 •  October 17

For a price of US$26 million, US-based equipment producer Astec Industries has acquired RexCon, a full-line concrete batch plant manufacturer based in the US. Benjamin Brock, CEO of Astec Industries, said, “The acquisition of RexCon reflects our stated strategy to drive focused growth, both organically and through acquisitions of strong companies,...

KHL

 •  October 17

A subsidiary of the Abu Dhabi Investment Authority (ADIA) has agreed to invest US$1 billion in India’s National Investment and Infrastructure Fund (NIIF). Sponsored by the government of India, NIIF is a fund manager that aims to provide a platform for collaborative investment from international and Indian investors. ADIA will become the first...

KHL

 •  October 14

Terex Aerial Work Platforms has appointed Moscow-based UniRent LLC as its new distributor for the full line of Genie products in Russia, excluding light towers. Yaroslav Klepov, CEO Unirent LLC (left) and Sharbel Kordahi, managing director, Terex Equipment Middle East AWP, Middle East, Southern Africa, Russia & CIS. “Our aim is to make Genie...

KHL

 •  October 10

France-based access rental company Accès Industrie has been taken over by independent investment firm Parquest Capital, in a deal said to worth more than €100 million. Previously owned by Butler Capital Partners, Accès Industrie will be removed from the stock market, once the takeover is complete. The company’s average share price in 2017 to date...

KHL

 •  October 4

Costain, which specialises in technology-based engineering solutions, will be bringing its experience to bear on the UK’s first heavy goods vehicle (HGV) platooning trial. The company will be working in partnership with a group of other businesses, headed by TRL (Transport Research Laboratory), the global centre of innovation and transport...

KHL

 •  October 4

Thomas Schramm has rejoined Terex Cranes, manufacturer of Demag and Terex cranes in Germany. As vice president sales and product support, EMEAR, Schramm will be responsible for driving the strategy for wheeled and crawler mobile crane sales and support in Europe and the Middle East, Terex said. In addition, he will be a global ambassador for the...