Auctions, Used Equipment, Rental & Finance

Euro Auctions has announced that it is planning its first quarry equipment specific auction on 14 September this year. The event at Windmill Hill Quarry, near Dublin, Ireland will be used to auction off equipment no longer required following the restructuring of the Larry Behan Group, plus other items of quarry equipment. Items up for auction include asphalt plants, both static and mobile crushing and screening equipment and loading and hauling equipment.

“The extreme turbulence experienced in financial markets in the second half of 2008 took its toll on world economic activity in 2009, most particularly in Europe and the US,” he said. “Construction activity in these regions was hard hit as residential and non-residential markets declined, with government-funded infrastructure investment only partially compensating. Against this backdrop, and despite significant ongoing cost reduction efforts, CRH suffered a significant profit decline. “Despite this, we cont

Ireland-based Euro Auctions has announced that it is planning a quarry specific equipment sale later this month – the first the company has organised in the UK. The event in Durham on 31 August will be used to dispose of heavy quarry plant for Ward Brothers Plant Hire. Equipment up for auction includes various mobile crushing and screening equipment as well as loading and hauling machinery and site maintenance plant.

Heidelberg Cement has reported that turnover for the full year in 2010 was up 5.8% on 2009 levels at €11.8billion. The company has also reported that operating income before depreciation margin increased to 19% which the company has attributed to successful measures to reduce costs and increase efficiency. Profits were also up from €168million in 2009 to €511milllion last year.

Online auction house Iron Planet has announced the appointment of Nick Jones as its new UK account manager. Jones joins the company from Ritchies Brothers where he worked for 14 years gaining experience of the UK market, as well as working in the Middle East and Africa.

Quarry operators in Europe could be in line for some bargains with Iron Planet’s latest auction announcement. The company’s next auction on 21 September includes over 70 items of quarrying and mining equipment. The company has said that equipment for sale includes crushers, wheeled loaders, crawler tractors and screens located throughout Europe. Sellers in the mining and quarrying industry will benefit through no dismantling or transportation cost on these types of machines. Buyers benefit by sourcing minin

Sberbank has offered to restructure Russia-based quarry operator Pavlovskgranit’s €121million loan in return for a 51% share in the business with a buyback option. The company has said that it has produced 3.8million m3 of aggregates in the first nine months of this year compared to 2.9million m3 in the same period last year but experts have warned profits are likely to be lower in 2010 due to debt levels. Pavlovskgranit has said that it is currently looking into other refinancing options and is in negotiat

In 2010, the net income of the HeidelbergCement Ukraine, comprising HeidelbergCement Group's cement plants in Ukraine, grew by 3.6% year-on-year to €79.95 million. According to verified data, net loss totalled over €17 million against the previously reported €16.4 million.

Strong first quarter results has led to Moody’s upgrading its investment rating of Heidelberg Cement. The company has now been raised to a Ba1 rating and the unsecured long term rating has been increased from Ba3 to Ba2. “We are very happy that the solid performance in Q1 has prompted another rating upgrade,” said Heidelberg CEO Dr Bernd Scheifele. “As a result, two rating agencies see us only one notch away from our targeted investment grade rating.”