Auctions, Used Equipment, Rental & Finance

Euro Auctions held the largest sale to date for leading plant hire specialist A-Plant, at its site in Leeds, County Yorkshire, England, selling over 800 lots in what is believed to be the largest one-owner sale held in the UK this year.

This is the fourth sale that Euro Auctions has conducted for A-Plant and it was supported by bidders and buyers from over 40 countries worldwide.

David Betts from Euro Auctions, says: “We are very happy with the prices achieved during the sale. They were well ahead of

Mexican cement company Cemex has confirmed that it has received an upgrade from Fitch Ratings from 'B+' to 'BB-' due to the conversion of around US$820 million (€746.96 million) of bonds into capital.

Fitch also compensated the refinance of US$8.6 billion of the company’s debt, which has reduced its annual financial expenditure by around US$200 million.

In addition, the new rating included upgrades in the national scale from 'BBB' up to 'A-' and in the short-term national scale from F3 up to F2.

The finance director of Semen Indonesia (SI), is reported as saying that the state cement company is planning to allocate some US$4.30 billion (€3.88 billion) for its capital expenditures in the next five years.

The allocations are $687.7 million for 2015; $1.28 billion (2016); $1.06 billion (2017); $577.89 million (2018), and US$656 million (2019).

The funding to boost capacity will depend on prevailing market conditions, and the company plans to generate the funding via a combination of bank loans a

Lafarge Africa has reported a pre-tax profit of NGN 29.72 billion (€136.03 million/US$149.33 million) in the first half of 2015, up 13% from the corresponding period of 2014.

Sales were up 12.0% to NGN 116.7 billion, while finance and investment income more than doubled to NGN 3.5 billion.

Caterpillar said global sales of machinery by its dealers fell 14% for the three-month period ended in June.
The retail-sales update, which showed an even steeper drop from the 12% decline in its first-quarter report, came a day ahead of Caterpillar’s second-quarter earnings report.
Caterpillar, the world’s largest maker of construction and mining machinery, has, like the rest of the industry, faced a persistent slump in mining equipment, sluggishness in construction machinery in much of the world and a m

Cemex Latam Holdings (CLH) posted a 42% reduction in its profit in the second quarter of 2015, down to US$38.60 million (€35.64 million), compared with its profit in the same year-earlier period.

The company gathers cement production activities of Cemex in Colombia, Costa Rica, Panama, Nicaragua, Guatemala, El Salvador and Brazil.

It closed the first six months of 2015 with a profit of US$82 million, 32% down year-on-year.

Breedon Aggregates, the UK’s largest independent aggregates business, has announced its unaudited interim results for the six months ended 30 June, 2015.
They show a 28% increase in revenue from £125.2 million the previous comparable period to £160.5 million; underlying EBITDA at £27.3 million (£17.8 million in 2014, + 54%), and a pre-tax profit rise of 92% from £9.1million to £17.5 million.
The company says that underlying results are stated before acquisition related expenses, redundancy and reorganisat