Finance & Funding

New factory for excavator components

April 5, 2012

Caterpillar plans to open a new manufacturing facility in Xuzhou, Jiangsu Province, China, to produce undercarriage components and track assemblies, which are utilised on Cat hydraulic excavators.

Latest developments in construction machines

April 4, 2012

High performance backhoe loaders from Hidromek can compete with leading brands on performance - Mike Woof reports Turkish manufacturer Hidromek is looking to take a larger slice of the international market with its newly upgraded backhoe loader models. The firm currently sells machines in 50 countries worldwide and intends to boost its market profile. Marketing manager Levent Karaa aç said, "We will be a global brand." This family owned firm has come a long way since it was founded in 1978, manufacturing a

Iron Planet's equipment auction

March 6, 2012

Internet auction firm IronPlanet plans to sell over 270 items of construction, materials handling and agricultural equipment in its January 26th online auction. Equipment for sale includes excavators, loaders, dump trucks, backhoe loaders, compactors, telehandlers, forklifts, tractors and generators. The equipment is located throughout Europe and includes machines such as a 2010 Hitachi ZX280 crawler excavator, a Caterpillar 160H Motor Grader, two 2003 Terex TR70 dump trucks, a 2007 Caterpillar 319CL crawle

Haulotte Group sales up 13% in 2011 Q4

March 2, 2012

Haulotte Group (HG) increased its Q4 2011 sales by 13%, compared to the same period of 2010. The rise took consolidated October 1 to December 31 2011 sales to US$107.1million (€82.2 million) compared with $94.5million (€72.5million) in the same three months of last year.

Euro Auctions achieve new internet sales record

March 2, 2012

Euro Auctions set a new internet sales record for the company after online buyers spent more than US$10.9million (£7million) on used plant equipment during a recent auction in northern England.

World's largest industrial auctioneer to hold biggest ever auction

March 2, 2012

US-based Ritchie Bros Auctioneers, the world's largest industrial auctioneer, is staging its biggest ever unreserved public equipment auction. More than 9,100 heavy equipment items and trucks will be sold over the six-day event in Orlando, Florida from February 13-18, 2012.