resale weekly blog

March 9, 2010

Equipment sellers benefit from on-site and online bidding at Ritchie Bros. auctions

VANCOUVER, March 1 : Thousands of people, representing every continent, registered to bid at the unreserved public equipment auctions conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA) in Moerdijk, the Netherlands and Fort Worth, Texas last week (March 24 – 26 and March 25 & 26, 2010). Ritchie Bros. (www.rbauction.com), the world’s largest industrial auctioneer, sold (euro)31 million (US$42 million) of equipment in Moerdijk, attracting more than 1,400 on-site and online bidders from 69 countries, and US$31 million of equipment in Fort Worth, attracting more than 3,100 on-site and online bidders from 41 countries.

“Two things stood out at our Moerdijk auction: the depth of the bidding audience and the strength of the pricing, which was above expectations across almost all equipment categories,” said Brian Butzelaar, Ritchie Bros. Vice President – Northern Europe. “People feel confident buying from us because the equipment is always secure in our yards under our custody and control, because we allow our customers to do their own inspection so they can trust their own eyes, and because the bidders at the auction set the prices – not the sellers. That confidence results in better prices for our consignors.”

Gary Sharp of Cummins Construction in Enid, Oklahoma sold almost 50 equipment items in the Fort Worth auction, a 4 1/2 hour drive away.

“I’m very pleased with the results of this sale; my asphalt pavers sold well above my expectations,” said Mr. Sharp. “I’ve been selling through Ritchie Bros. for 14 years and I always get good prices for my equipment. I think people pay more because they can come to the site and see the equipment; that’s why I won’t sell just online. It’s worth sending my equipment to Fort Worth. There were a lot of people at the auction and the internet brought in more bidders from all over the world – Egypt, Africa, the Middle East.”

David Hobbs, Ritchie Bros. Vice President – U.S. Central, commented: “The auction went extremely well: we registered thousands of bidders and saw very encouraging prices across all equipment categories. For the first time ever, we registered bidders from all 50 U.S. states in Fort Worth. There seems to be some cautious optimism out there; people are coming to our auctions looking for equipment they can put straight to work. By giving our customers the option of bidding on-site or online, we open up our auctions to the world – and that benefits both buyers and sellers of equipment.”

AUCTION QUICK FACTS

————————————————————————-
Moerdijk, NLD Fort Worth, TX
(February 24 – 26, 2010) (February 25 & 26, 2010)
————————————————————————-
Gross Auction Proceeds (euro)31 million US$31 million
(US$42 million)
————————————————————————-
Amount sold to online (euro)3 million US$11 million (35%)
bidders (US$5 million, 11%)
————————————————————————-
Unique bidders (total) 1,400+ 3,100+
————————————————————————-
Unique online bidders 380+ (28%) 1,400+ (48%)
————————————————————————-
Lots sold 3,000+ 2,600+
————————————————————————-

About Ritchie Bros.

Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world’s largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 40 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.

SOURCE Ritchie Bros. Auctioneers
Contact

Kim Schulz, Manager, Corporate Communications, Ritchie Bros. Auctioneers, Phone: (604) 788-5379 or email: kschulz@rbauction.com; or David Hobbs, Vice President, Ritchie Bros. Auctioneers, Fort Worth auction site tel: (817) 237-6544; Or Brian Butzelaar, Vice President, Ritchie Bros. Auctioneers, Moerdijk auction site tel: +31.168.392.200

Categories: Auctions, Blog Posts, News, Ritchie Bros
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POSTED BY admin at 7:21 pm

March 8, 2010

The Total Mileage of Chinese Railways Will Exceed 90,000 Kilometers by the End of 2010

Chinese RailwaysIn 2010, Chinese fixed asset investment in 2010 was 823.5 billion Yuan, of which 700 billion Yuan was invested in capital construction. China plans to lay 3,690 kilometers’ new lines and 3,150 kilometers’ new double-track. The 4,613 kilometers’ new lines, 3,438 kilometers’ double-track, 6,401 kilometers’ electrified line will be put into operation. By the end of 2010, China’s total mileage of railways in operation will be more than 90,000 kilometers. By 2010, Beijing-Shanghai, Harbin-Dalian, Beijing-Shijiazhuang and Shijiazhuan-Wuhan high-speed railways will enter a construction phase of non-ballast track. Guizhou-Guanzhou, Nanning-Guanzhou, Lanzhou-Chongqing and Lanzhou-Xinjiang second-line projects will enter the tunnel construction phase.

Shanghai-Nanjing Inter-Railway, Guangzhou-Shenzhen Passenger Line, Hainan East Central, Taiyuan-Yinchuan Line and Yichang-Wanzhou Line will be put into operation. The Hefei-Fuzhou Passenger Lines as well as Yunan-Guizhou Railway, Shanxi Central and Southern Railways will start. construction of Datong-Xi’an, Hangzhou-Changsha,

Categories: Blog Posts, Chicon News, China Construction & Machinery News
POSTED BY Chris at 12:06 pm

Chinese Crushers Have Reached Advanced World Levels

Chinese CrushersShanghai Shibang Machinery Co., Ltd. is engaging in the R & D of mining machinery crusher, sand making machine, flour mill as well as the production of crushed stone production line, sand production line and other large machinery and equipments.

Hydraulic Tracked Mobile Crusher is a newly developed product of Shanghai Shibang, which has reached the worldadvanced technology level. The product is an important step for Chinese crushers moving to the international level. The technology of Chinese Tracked Mobile Crusher determines the overall level of “China-made” crushers. Chinese manufacturing level has reached international advanced level after Shanghai Shibang put “Chinese elements” into Tracked Mobile Crushers.

Categories: Blog Posts, Chicon News, China Construction & Machinery News
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POSTED BY Chris at 12:00 pm

March 5, 2010

Chinese Construction Crane Enterprises Will Resort to Common Development in the Future

Construction Crane Enterprises

On 16 ~17 of January 2009, a “Chinese Construction Crane Technology Innovation Strategy Alliance Seminar” was held in Liaoning, Dalian Province. Many representatives from XCMG, Jingcheng Heavy Industry, Liugong, Sunward, Foton Lovol, DHI·DCW Group Co., Ltd. and many other large construction machinery enterprise, as well as many experts and professionals from Dalian University of Technology, Tongji University, Tianjin Engineering Machinery Research Institute and other research institutes attended this seminar. The seminar focused on the establishment of innovation and strategic alliance in the construction lifting machinery industry.

At present, during a critical period of Chinese economy, China is vigorously expanding domestic demand, accelerating infrastructure construction and upgrading industrial transformation. In the next decade years, the investment in large infrastructure projects will continuously increase, and the roads, railways, urban construction, new energy, water conservancy projects will grow constantly. The peak of large-scale urbanization will come. In face of the great market prospects, Chinese enterprises should work together to build a community to conduct production and technology research, through which forming core competitiveness in the industry. The crane enterprises, parts factories and research institutes should strengthen cooperation with each other and promote Chinese crane industry to develop from the phase of imitation and low-end products to creation and high-end products.

Categories: Blog Posts, Chicon News, China Construction & Machinery News
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POSTED BY Chris at 5:00 pm

Forecast of Chinese Economy Trend in 2010

Chinese Economy Trend

On November 5, 2008, to expand domestic demand and promote economic growth, the Chinese government launched “4 Trillion Investment Plan”. Currently, more than half of the investment has been completed. The investment was the main force that reversing the downturn of Chinese economy. Data showed that Chinese economy grew by 6.1% in the first quarter of 2009, 7.9% in the second quarter and 8.9% in the third quarter.

This trend showed that Chinese economy had recovered from the bottom gradually. Most of the 4 trillions’ investment has been invested in infrastructure constructions, mainly railroads, highways, infrastructure constructions. Among the 4 trillion Yuan investment, 1,500 billion Yuan used in the constructions of railways, highways, airports, water conservancy, and urban power grids and so on, accounting for 37.5% of the total investment. It is reported that the investment of the Chinese government in 2010 will not reduce. The investment will focus on social undertaking

s, technological innovation, energy conserving and emissions reducing, etc. However, the rescue policy will exit eventually, and by then, the private investment will become the main force of Chinese economy.

Categories: Blog Posts, Chicon News, China Construction & Machinery News, News
POSTED BY Chris at 4:35 pm

Chinese Major Loader Enterprises Intend to Raise Price Jointly

Chinese Major Loader Enterprises It is learned that Liugong and other leading loader enterprises is intending to increase the loaders’ price by 3-4% from January. Since 2009, the pattern of Chinese loader market has basically taken shape.

Some leading enterprises, represented by Liugong, Lonking, XGMA, take more than 66% market share in domestic market. Therefore, their pricing capacity is relatively strong because they can dominant Chinese loader market. At present, the price of raw materials is rising rapidly, resulted the costs of loader production increase sharply. Thus, those leading loader enterprises intend to make up their reduced profits through raising the price of their products. Data show that since November 2009, Chinese steel prices has continuously increased, which exerted large pressure on construction machinery enterprises, especially loader industry that need a lot of steel.

Categories: Blog Posts, Chicon News, China Construction & Machinery News, News
POSTED BY Chris at 1:20 pm

Liugong Performed Well in 2009 and it Will Maintain Growth in 2010

Liugong Logo

The sales of Liugong were very well in 2009. The sales volume of loaders in China in 2009 has decreased 13% year-on-year, but the sales of Liugong developed stably. In December 2009, Liugong sold 3,390 loaders, an increase of 131% year-on-year significantly. The sales of truck cranes of Liugong in 2009 were 1,300 units, increasing 77% year-on-year, and the sales of truck cranes in December were 137 units, very outstanding performance. Liugong moved truck crane base to new factory in Anhui in 2009, which laid a good foundation for the rapid development of truck cranes of the company. The sales of rollers of  approached 1,893 units, an 80% year-on-year increase. Some experts expected that in 2010, the sales of rollers of Liugong is likely to slow down while loaders will enjoy slight growth, truck cranes will grow significantly, and the excavators will grow stably.

Categories: Blog Posts, Chicon News, China Construction & Machinery News, Liugong, Manufacturers, News
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POSTED BY Chris at 10:59 am

Caterpillar Built Factory in Suzhou

Caterpillar Built Factory in SuzhouOn January 26, 2010, Caterpillar Suzhou Co., Ltd. was officially inaugurated in Suzhou, China. Caterpillar Suzhou Factory is the 11th production base (and some media reported it is the 13th) in China. Suzhou factory will produce four kinds of motor graders and five kinds of loaders. The plant covers an area of 75,000 square meters, and the whole plant area covers an area of 22 hectares. The model of loaders that the plant is producing includes 950H~922H, and 980H will be introduced in the near future. Suzhou plant has more than 500 outstanding employees. It is expected that the workers will be 1,500 when the plant’ capacity approach the highest level.

Categories: Caterpillar, Chicon News, China Construction & Machinery News, Manufacturers, News
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POSTED BY Chris at 10:54 am

Xuzhou Economic Development Zone Becomes China’s First Construction Machinery Export Base

Xuzhou Economic Development ZoneOn January 25, 2010, Xuzhou Economic Development Zone was pointed as the first engineering machinery export base by the local government. It was learned that there are nearly 300 large enterprises in the Zone, including XCMG, Caterpilla r (Xuzhou) and so on, the export revenue of which can reach 350 million U.S. dollars. At present, the export volume of mainstream engineering machinery is smaller, and the competitiveness of Chinese construction machinery products is relatively weak. Take excavators and loaders as example, the export volume only took a proportion of 8% and 2% of the total sale volume respectively. The primary purpose of the establishment of Xuzhou Construction Machinery Export Base is to enhance the competitiveness of products, through which can form a large-scale industrial cluster to attract more strong construction machinery enterprises and improve their products’ quality. This move will sharpen the competitiveness of Chinese construction machinery enterprises in export market.

Categories: Blog Posts, Chicon News, China Construction & Machinery News, News
POSTED BY Chris at 8:45 am

March 2, 2010

Komatsu heavy equipment

Komatsu Limited began in 1917 as a subsidiary of Takeuchi Mining Industry, expanding into public sales in the 20’s and producing tractors from 1931.

Komatsu’s mining and military tractor experience stood them in good stead and the company is now the second biggest heavy equipment manufacturer after Caterpillar. In fact Komatsu has a larger market share outside of the Americas and Europe than Caterpillar.

Komatsu products are extremely robust, stronger even than many CAT machines, the most visible and famous of Komatsu lines are the mighty HaulPaks, the giant tipper trucks used in the Australian Iron Ore mines, one of the harshest territories for any vehicle and especially those operated on 24 hour basis.

While the company is most famous for mining equipment, Komatsu’s range is certainly worthy purchases in the resale market. Resale Weekly allows you to search by manufacturer and you can be guaranteed that a Komatsu unit will not let you down and are generally priced lower than an equivalent CAT machine.

Resale Weekly is your best source for great deals on resold equipment for farming and heavy industry. Check out our new website now!

Categories: Blog Posts, Komatsu, Manufacturers
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POSTED BY admin at 6:07 pm
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