News Edition #1102 - 10 November 2022
This copy is for Preview, Australia
The focus of this week's news is very corporate. We include a couple of financial reports from major manufacturers, some acquisition news and coverage of dealer developments in Europe and the United States.
The latest dealer movements come after an extremely busy year for equipment retailers and hirers. This must surely indicate that competition at the coal face of customer sales is intensifying, and dealers need more fire power to survive. That means more outlets, access to more brands and critical mass which makes them more appealing to financiers and industrial landlords.
We see that manufacturers still have record order books and continue to increase their sales, but the nature of retail makes it difficult to get a clear reading on financial performance. One would expect that even with prices rising, dealers - and especially smaller ones - must be facing tight margins, especially with so many manufacturers also operating shop fronts themselves.
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The Supply Chain and Logistics Association of Australia has announced the winners of the ASCL Awards at a function in Melbourne. The 2022 winners are: Automation, robotics/emerging technology: Officeworks...
Kennards Hire has acquired Smiths Hire, a successful hire business in Kaiapoi. Expanding into the Waimakariri district, one of the fastest-growing regions in New Zealand, the new 7,000 sqm...
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Hyster-Yale has reported third-quarter 2022 revenues increasing by 13.1% from the same time last year while unit shipments grew by 5.6%. Revenue growth outpaced shipment growth as price increases...
Manitowoc has reported third-quarter net income of USD2.3 million, with net sales rising 12.4% year-over-year to USD454.7 million. Third-quarter orders were USD472.0 million, a 12.7% decrease from the prior...
Manitou Group has acquired 100% of the shares in the Italian company GI.ERRE SRL, based in Castelfranco, and specialising in service activities for Manitou products. With this purchase, the...
Göran Fransson, Echandia
Sara Vincent, JLG Industries
Denmark's Falcon Lifts and global MEWP manufacturer Sinoboom have formed a partnership following extensive research and cooperation during the last 12 months which has seen Sinoboom successfully launch OEM...
French materials handling equipment rental specialist Aprolis is continuing its international expansion with the acquisition of CGM and Movincar in Italy. CEO Benjamin de Castelnau says the two acquired...
Hyundai has announced a new dealer partnership with C&B Material Handling. C&B will supply Hyundai materials handling equipment from a full-service location in Dothan, Alabama. C&B is primarily an...
KION North America has expanded the territory of dealer partner Material Handling Inc. (MHI) in central Kentucky and Tennessee. In addition to a territory expansion, MHI's existing facility in...
LSE-listed Atome Energy has announced further progress on its green hydrogen mobility project in Paraguay. A 1MW electrolyser, to be built at the industrial premises of Yguazu Cementos in...
Three companies have been given six-figure fines after a driver was crushed between a reversing heavy goods vehicle (HGV) and a forklift in a warehouse beside Heathrow Airport. An...
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Sensortronic Weighing & Inspection Australasia (SWIA) is an industry leader in weighing measurement solutions and is an exclusive agent for the Compuload range of products.
Konecranes Lift Trucks has always had the goal to set apart through innovations that improve the equipment, safety and are environmentally responsible.
Bolzoni offers to white goods industry operators a new tool to improve handling operations quality, enhancing production efficiency and reducing load damage risks.
INTELLilight is a flexible lighting solution for work machines that can be adapted to the operators needs and to the environment with which they are working in.
With nearly limitless productivity-enhancing options with attachments, forks, masts, and related technologies for forklifts and AGVs, Cascade offers the beverage industry a variety of materials handling solutions to lower operational costs and meet demand.
The next generation of container handling equipment is here with Mobicon Systems' second generation of the hugely popular 2HL mini-straddle carrier.
Designed to promote the importance of equality, diversity and inclusion across the logistics industry, The Big Logistics Diversity Challenge will take place on 22 June 2023 at Newark Showground in the heart of the East Midlands.
LAST WEEK'S MOST READ
MOVERS & SHAKERS
chief commercial officer, Echandia , Sweden
director of marketing - access segment, JLG Industries, United States
chief financial officer, InstaFreight, Germany
sales manager – USA, RoyPow USA, United States
FACT OF THE WEEK
In 2009 a team of marine biologists discovered a species of octopus off Indonesia, tip-toeing with coconut-shell halves suctioned to their undersides, then reassembling the halves and disappearing inside for protection or deception. This finding makes the octopus the first known tool-using animal without a backbone.
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