Wacker Neuson hit hard by pandemic

Wacker Neuson Group_Headquarter_Munich
Wacker Neuson group Headquarters in Munich, Germany

Wacker Neuson has released its financial results for the third quarter of the year, showing a 16.5% fall in revenue, compared with the same period in 2019.

The Munich-headquartered light and compact equipment manufacturer said it was “clearly feeling the effects of Continue reading “Wacker Neuson hit hard by pandemic”

Liebherr reports steady demand in construction

liebherr-new-wheel-loader-l546-pallet-fork-96dpiThe Liebherr Group is expecting a decline in sales of between 10% and 15% in 2020, due in part to the effects of the coronavirus pandemic, but the global equipment manufacturer remains optimistic for the remainder of the year as they experience steady demand in the construction and mining sectors. Continue reading “Liebherr reports steady demand in construction”

UK firms urged to act now to take advantage of tax relief

Companies are being urged to act quickly to ensure they take full advantage of tax relief for the purchase of plant and equipment.

Currently the full cost of such purchases can be off set against tax through the Annual Investment Allowance (AIA), up to a maximum of £1 million, following a temporary increase introduced by the Government. Continue reading “UK firms urged to act now to take advantage of tax relief”

Boels makes €24m JCB investment

Boels Rental has secured a major deal to buy more than 340 JCB machines, including load-alls and excavators, worth up to €24 million.

JCB Boels
JCB Boels equipment

The Netherlands-based rental company will stock out its depots across Europe, including in Belgium, Netherlands, Germany, Poland, Slovakia, Austria and Italy.

The deal strengthens the company’s long-term Continue reading “Boels makes €24m JCB investment”

Hitachi launches dealer rental initiative in Europe

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René Danielsson, Rental Manager, Hitachi Construction Machinery (Europe)

Hitachi has launched a rental initiative in Europe that will see its dealers offer mid-sized machines for medium and long term rentals. Hitachi will own the machines, with dealers paying a monthly fee to the manufacturer.

The target is for the rental fleet to reach 1000 units by 2020 with 50 units already Continue reading “Hitachi launches dealer rental initiative in Europe”