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Headline News
Aggreko
Expects 5-Percent First-Half Revenue Growth
June 29, 2009
Aggreko last week said it anticipates that a very strong
performance in international power projects will be partly offset by
weaker conditions in its European and North American businesses. The
company made the announcement in a trading update issued in advance of
its interim results to be announced Aug. 25.
Western
States Cat Opens New Facility in Idaho
June 29, 2009
Meridian, Idaho-based Western States last week announced it will
host a grand opening ribbon cutting at its new $10 million,
55,000-square-foot facility in Hayden, Idaho. The new facility is one of
the largest and most energy efficient projects built in Idaho this year,
according to Western States Cat president Tom Harris.
Aggreko
Adds New Fort McMurray, Alberta, Location
June 29, 2009
Houston-based Aggreko is continuing its strategy for steady growth
in Canada with the addition of a new location in Fort McMurray, Alberta.
The 4,200-square-foot facility will provide storage for products, spare
parts and supplies, and with three staff based on site, will help
provide a quicker, more comprehensive response for local customers.
Sunbelt
Rentals Joins Zilliant Customer Advisory Council
June 29, 2009
Austin, Texas-based Zilliant, a provider of price optimization and
management solutions for B2B manufacturers, distributors, high-tech, and
industrial service companies, last week announced the addition of
Sunbelt Rentals to its customer advisory council. Sunbelt Rentals is the
first member of the council from the industrial services market, and
will help to guide initiatives in this sector by sharing approaches,
best practices and insights gained through their implementation of
Zilliant’s pricing software.
Spider
Provides Access Solution for New ThyssenKrupp Plant
June 29, 2009
Seattle-based Spider recently provided a powered access solution
and training for the installation of steel girder beams on a new
structure at the ThyssenKrupp USA steel processing plant in Calvert,
Ala., saving the contractor more than $50,000 and 10 days of set-up and
tear-down time compared with built-up scaffolding options.
International News
Ameco
Opens Office in Peru
June 29, 2009
Greenville, S.C.-based Ameco recently announced it was opening a
permanent office in Peru, three years after first entering the South
American market. The new company, Choice Equipos y Servicios, is a
partnership with Choice Cargo, a local transport and logistics company.
U.K.'s
Lavendon Expects Moderate First-Half 2009 Loss
June 29, 2009
U.K. aerial equipment specialist Lavendon Group plc, last week
issued a trading update for the six months to June 30, before entering
its close period prior to the announcement of its interim results on
Aug. 28.
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RER & the Environment
Cummins
Confirms Five-Percent Higher Fuel Efficiency for Tier 4
June 29, 2009
Cummins Inc. last week announced the result of a “Fuel Duel”
test that confirmed a five-percent fuel efficiency improvement for a
Tier 4 Interim QSB6.7 installation compared to an identical machine
powered by a Tier 3 engine. The fuel consumption evaluation was
conducted under site conditions across a series of duty cycles
representative of typical working operations.
Volvo
Awards 2009 Environment Prize
June 29, 2009
Volvo last week announced that its Volvo Environment Prize for 2009
will be awarded to Susan Solomon for her findings on ozone layer
depletion and her work on the United Nations climate panel. In
expeditions to Antarctica Solomon was able to map the mechanisms
underlying the hole in the ozone layer. In recent years, she has led the
most prestigious working group within the UN’s climate panel and
recently warned that manmade global climate changes may be irreversible
— that is, even if human carbon dioxide emissions are stopped, the
changes they are provoking can last more than 1,000 years.
Wall Street Beat
Hertz
Announces 2Q and Full-Year 2009 Earnings Guidance
June 29, 2009
Hertz Global Holdings last week forecast worldwide revenues in the
range of $1.70 to $1.75 billion, corporate EBITDA in the range of $260
million to $270 million, adjusted pre-tax income in the range of $65 to
$70 million and adjusted diluted earnings per share in the range of
$0.09 to $0.10 for the second quarter 2009.
The
Stock Block
June 29, 2009
Check in on some of the latest stock prices for publicly traded
rental companies and popular construction equipment and general tool
manufacturers related to the rental equipment industry.
Supply Side
Link-Belt
Announces Expansion to Headquarters Facility
June 29, 2009
Link-Belt Construction Equipment Co. will break ground within weeks
on a new assembly bay at its world headquarters and manufacturing
facility in Lexington, Ky. The new bay will add manufacturing capability
and increase production capacity for large rough terrain cranes, large
truck cranes, and telescopic crawler cranes. Current plans have the new
bay online by mid 2011.
JLG
to Close North Dakota Facility
June 29, 2009
McConnellsburg, Pa.-based JLG Industries last week said it will
close its Oakes, N.D., production plant by Sept. 24. The company has
already laid off more than 100 workers there in the past year. The
remaining 61 workers’ jobs will be cut in September.
Husqvarna
Group Reorganizes into Five Business Sectors
June 29, 2009
The Husqvarna Group recently announced plans to implement a new
organization as of year-end 2009. The new organization will be
implemented gradually beginning July 1.
Lincoln
Electric Offers Rebates on New Welding Equipment
June 29, 2009
The Lincoln Electric Co. last week launched its Industrial Summer
Stimulus Package. Customers purchasing qualified new equipment models
can receive a rebate check from $200 to $2,500.
Tiffin
Parts Names Mark Knight President
June 29, 2009
Pettibone, an affiliate of The Heico Companies, recently appointed
Mark Knight president of the Tiffin Parts business unit.
National
Gardening Association and Mantis Launch 2010 Mantis Award
Program
June 29, 2009
Mantis and the National Gardening Association are once again
offering awards to charitable and educational garden projects that
enhance the quality of life in their host communities. Any organization
that has or wishes to create a community or youth garden is eligible to
apply. Next spring, 25 of these programs will receive a Mantis
Tiller/Cultivator with a border/edger attachment.
Classifieds
June 29, 2009
NES
-- Outside Sales Positions in Corpus Christi, TX and Cordova,
TN
Volvo
Rents -- Run Your Own Operation
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