WORLD NEWS
■
Nationwide
Platforms
managing director
Mike Potts
has
resigned from the
UK-based access
rental giant. Commercial director
Rob
Owen
and executive director
of human resources
Kate Liggins
have also left. The company said
Mr Potts, who joined in 2010,
had left to pursue a new career
opportunity.
■
Former Iteco
and Socage
export salesman
Mauro
Branduardi
has joined
Platform Basket as export manager
for Asia, the Middle East and
Central and South America. For the
last two and a half years he has
been export manager at Socage.
■
Terex AWP has appointed
Susan Swirsley
as vice
president, global marketing,
reporting to president,
Matt
Fearon
. She will introduce new
tools to provide customer insights
and will work closely with the
company’s sales organisation. She
brings 25 years of experience.
PEOPLE
FINANCIAL HIGHLIGHTS
8
access
INTERNATIONAL
NOVEMBER-DECEMBER 2013
Company
Currency Start date Previous Current
%
21/6/02 17/09/13 10/11/13 change
Acces Industrie
E
1.34
2.10
2.42
15
Aichi Corporation YEN(¥)
208
517
489
-5
Ashtead Group
UK£
0.47
6.55
6.83
4
Kanamoto
YEN(¥)
–
2796
2536
-9
Lavendon
£
1.85
1.82
1.75
-4
Haulotte Group
E
9.00
8.26
9.35
13
Oshkosh Corp
US$
–
47.55
49.70
5
Tanfield Group
UK£
–
0.24
0.18
-25
Terex Corp
US$
23.08
33.10
34.78
5
Ramirent
E
15.00
8.82
9.56
8
United Rentals
US$
21.47
55.92
64.78
16
ASI Index
100
409.62
434.31
6
access
SHARE INDEX (ASI)
21 June 2002 = 100 base
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■
Sharp growth in sales by
Terex’s Aerial Work Platforms
division helped
the company to revenues of US$ 1.81 billion in the third quarter of the year – almost
unchanged from the same period in 2012. Terex made an operating profit of US$
141 million for the three-month period, a +7% improvement on Q3, 2012.
■
Tanfield Group
, owner of UK-based Snorkel, saw second quarter revenue
drop to UK£18.9 million, compared to £21 million in the same period last year.
There were also net losses of £8.4 million, compared to £8.2 million in the second
quarter 2012. Majority ownership of Snorkel, Tanfield’s primary business segment,
has been transferred to Las Vegas, US based Xtreme Manufacturing, with Tanfield
retaining a 49% share.
■
Haulotte’s
third quarter revenues rose by 16% to
€
81 million driven by a 37%
increase in sales to Latin American customers. Revenues for the first nine months
of the year were up 6% to
€
257.2 million, with a 7% increase in equipment sales to
€
215.5 million. Rental revenues were down 7% to
€
16.5 million (after adjusting for
the divestment of the UK rental business earlier this year). Haulotte said the rental
results were hampered by unfavourable foreign currency movements in Argentina
and weak markets in South Europe.
■
United Rentals
said it expected non-residential construction to continue to
improve through 2014 as it reported strong results for the third quarter of 2013.
Total revenues rose by 8.3% to US$1138 million for the three months to the end of
September. The increased revenues reflect an 8.2% in the volume of equipment on
rent, year on year, and a 3.2% increase in rental rates. United said it expected rates
to rise by at least 4% over the full year.
US manufacturer MEC Aerial Work Platforms has launched a new
range of aircraft ground support equipment (GSE).
First to be released in the Aircraft Support series is the MEC
4069RT-A and 4069ERT-A, both with a working height of 14 m. The
platforms are designed for aircraft applications, with a platform of
4.22 m (extended), 400 kg capacity. Both platforms are available
in 4 wheel drive, diesel, gas/LPG, electric or hybrid power.They
offer a new VVC (Variable Vertically Collapsing) guard rail system.
JLG ends fiscal year on high
improved demand for concrete
mixers in the US partially offset
a significant sales decline in our
defence segment in the fourth
quarter.”
Parent company Oshkosh said
JLG’s increase was principally the
result of higher unit volumes in
North America, the realisation
of previously announced price
increases and higher aftermarket
parts and service sales, which
more than offset lower sales
volume in Australia.
JLG’s operating income
increased 36.6% to $81.2 million,
or 10.4% of sales, compared
to prior year fourth quarter
operating income of $59.5
million, or 8.3% of sales. Included
in access equipment results for the
fourth quarter of fiscal 2013 was a
$9 million non-cash impairment
charge for an intangible asset.
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USA-based JLG Industries
reported an increase in sales by
8.9% to $780.6 million for the
fourth quarter of fiscal 2013
compared to the prior year fourth
quarter.
“We delivered fourth quarter
results that exceeded the
high end of our most recently
announced estimated earnings
range, finishing up a year that
significantly exceeded our initial
expectations,” said Charles Szews,
Oshkosh Corp. CEO. “Continued
strong demand for access
equipment in North America and
UK-rental company Hewden
has bought 463 Cat C Series
telehandlers from Finning in a deal
worth UK£25 million. It is the single
largest order placed by Hewden
since it was acquired from Finning
by Sun Capital Partners in 2010
and also the largest single order
for Caterpillar telehandlers in the
country.
The Cat handlers will form part
of Hewden’s ’core fleet’ - among
the 30 most popular products in its
fleet, on which Hewden offers a next
day delivery guarantee.
MULTI-MILLION
TELE ORDER
