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The financial reporting season generates some interesting insights into the broader market.
This week, we include results from Konecranes and JCB - both a bit more cautious about the future than other giants in the sector.
Konecranes says customers are cautious about investing because economic growth has decelerated across the globe. It notes market uncertainty in North America, in particular.
Meanwhile, JCB also talks about difficult market conditions in most developing markets around the world and slower than expected growth in North American and European markets.
These comments contrast with last week's results from the KION Group which saw its orders go up in the second quarter of this year, especially in western Europe and China.
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 | | Local News | Editorial articles by Forkliftaction News
| Company fined over death Australasia News
Melbourne, VIC A Melbourne recycling company that went out of business soon after one of its employees was crushed to death under a homemade lifting device has been convicted and fined $800,000 ... [more] | ALC congratulates Albanese on appointment Australasia News
Canberra, ACT The Australian Logistics Council (ALC) has welcomed the re-appointment of Anthony Albanese as Shadow Minister for Infrastructure, Transport, Cities and Regional Development.
"Anthony Albanese’s re-appointment to Labor’s front ... [more] | Sandvik sheds materials handling division Australasia News
Perth, WA The sale of Sandvik’s Mining Systems division to private equity firm CoBe Capital will have little impact on Australian operations.
The Mining Systems division designs, engineers, and supplies ... [more] |
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|  | | | |  | | Global News | Editorial articles by Forkliftaction News
| Konecranes boosts profits on lower revenues
FINLAND Konecranes has managed to increase profits on lower sales and orders in the second quarter as market caution continues to hamper equipment purchase decisions.
The Helsinki-listed group is reporting ... [more] | Tough conditions hit JCB
British equipment maker JCB remains ‘positive’ despite falls in sales and profits last year.
JCB has reported underlying earnings (EBITDA) of GBP214 million (USD280 million) during 2015, despite difficult ... [more] | Sector headed for USD148 billion
IRELAND A new report predicts that the global materials handling market will reach USD148.5 billion by 2021.
Research and Markets estimates that the market was worth USD115.3 billion last year. ... [more] | | KION, Equipment Depot redefine partnership
UNITED STATES KION North America and Equipment Depot have mutually agreed to redefine their manufacturer/distributor partnership “as part of each company's long-term growth strategy”.
A KION statement says that effective ... [more] | Movers and shakers
Seegrid, KION, CS Leasing, Santana Trading Company [more] | Dromad Hire adds Snorkel lifts
UNITED KINGDOM Irish rental company Dromad Hire has invested in two new Snorkel A38E boom lifts in a deal closed at Vertikal Days 2016.
The Snorkel A38E is an ... [more] | Linde releases pre-op app
GERMANY German Statutory Accident Insurance scheme (DGUV) guidelines require every industrial truck to be checked for proper operation prior to use. To assist with this, Linde Material Handling has released a ... [more] | STILL extends RX 70 range
GERMANY Coinciding with the 10th anniversary of its launch, STILL continues to expand the range of its popular RX 70 series.
At CeMAT 2016 in Hannover, a new RX 70 ... [more] | Manitex adds 20 T telescopic crane
UNITED STATES Manitex has introduced the all-new TM200-Series to its lineup of truck-tractor cranes.
Developed for residential and commercial construction, the TM200-2085T features a maximum capacity of 20 T and ... [more] |
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