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Africa Looks Good for 2013!

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Back | Posted on January 29, 2013 by Chris

Resale Weekly – Special Issue 2532 focuses on Africa. Despite world trends, the African continent remained buoyant throughout 2012 and this looks set to continue well into 2013. Fuelled by massive infrastructure projects across many regions, Africa is pushing ahead with a broad raft of projects that include road, rail, utilities, housing, forestry and mining.

South Africa plans to spend US$ 465 billion on strategic infrastructure projects that include ports, energy, communications and transport links. Over the next three years, the state is pledging to spend approximately US$ 98 billion on the start of these works as the next stage in the development of the country.

Ghana and Nigeria both have contractors working in the region with requirements for all makes of excavators and dozers from 20t upwards, ‘rippers’ such as CAT D6ts being a preferred choice. The trend is more for utilitarian machines that have dual uses where follow on contracts would have different requirements. Read More…

Posted in Construction, Construction Equipment, Farming Equipment, Industry News, Manufacturers, Moffat Consulting & Technology, News | Comments off

The Middle East is still BOOMING!!

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Back | Posted on December 4, 2012 by Chris

Whilst certain areas of the world may be experiencing challenges in the construction sector, other hot spots around the globe seem to have their own micro climate. The Middle East has always been seen as a cash cow of the global economy with a thirst for bigger, higher, grander and generally more expensive that other regions around the world. It is true that since the global downturn, parts of the Middle East have put projects on hold and other regions have carried on with ‘business as usual’ regardless, with the economy being measurably good in comparison to the rest of the planet.

Daniel Moffat, Managing Director of Resale Weekly looks in detail at what is happening in the Middle East and how the demand for construction machinery and equipment may be affected as we enter a New Year.

With activity in the UAE construction sector flattening during late 2011 and many contractors experiencing tougher times due to approximately $719bn of construction projects being put on the backburner or shelved, much machinery and construction equipment has stood idle across the region. At the end of 2011 analysts predicted that activity in the UAE would flatten during 2012 and contractors would experience a tough 12 months which has proved to be the case. Heavy equipment destined for cancelled infrastructure and canal projects (CAT 777s, 789s and 797s) was finally moving out of the Middle East to where it was needed most. Previously the trend was to ‘hang on’ to machinery until the price changed, but unfortunately the time came when this machinery had to be sold. Whilst smaller projects still moved forward, there was a need for lighter machines such as graders, dozers, backhoes and wheeled loaders. CAT was still the number one make of choice however demand has shifted to older, low hours models up to the six years old, as new machines were still hard to come by.

China’s 1st Used Construction Machinery Non Reserve Auction Hold Successfully

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Back | Posted on November 20, 2012 by Chris

Egear Huanzhong (Beijing) Auction Co, Ltd held China’s 1^st used construction machinery non reserve auction successfully on November 18, 2012 in their first permanent auction venue in China. The venue was built in Xushui, the largest used construction machinery town in North China.

Currently, most used construction equipment in China are sold through personal deals, equipment market or manufacturers dealers’ reserve auction. The sellers always set price according to their own income status, whereas the buyers have relatively low bargining power. Egear’s first non reserve auction provide buyers with great pricing opportunity. Over 500 participants bid in this acution and 48 units of equipment are sold successfully. Read More…

Posted in Asia, Bauma, China, Exhibitions, Industry News, Manufacturers, News | Comments off

Ritchie Bros. auction in The Netherlands features 1,400+ heavy equipment items

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Back | Posted on November 13, 2012 by Chris

MOERDIJK, THE NETHERLANDS (November 12, 2012) – Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, will sell more than 1,430 heavy equipment items and trucks at its upcoming unreserved public auction in Moerdijk, The Netherlands on November 22 – 23, 2012. The auction currently features more than 85 excavators, 60 compactors, 50 wheel loaders, 10 dozers and hundreds of other items used in the construction, mining, transportation and other industries. On auction day, all items will be sold to the highest bidders—there are no minimum bids or reserve prices. Bidders can participate in the auction in-person, online in real time at www.rbauction.com or by proxy.

“Our November auction features a great selection of equipment items and trucks that can be put to work immediately,” said Christian Sonneville, Regional Sales Manager, Ritchie Bros. Auctioneers. “For good quality construction equipment and trucks, this is a great place to go to before the end of the year. Our unreserved auction process is easy, highly efficient and every single item sells to the highest bidder on auction day, regardless of price. Anyone can join the auction and become a successful bidder on the items they’re interested in.” Read More…

Posted in Auctions, Industry News, Manufacturers, News, Ritchie Bros | Comments off

Ritchie Bros. to co-host Lift and Access Showcase & Symposium in conjunction with unreserved public auction in Orlando, Florida next week

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Back | Posted on October 19, 2012 by Chris

Event to host lifting and general heavy equipment industry leaders from around the world to discuss current issues in the industry, including Tier IV Challenges; 60 indoor/outdoor exhibitors setting up on Monday

ORLANDO, FL, Oct. 18, 2012 /CNW/ – Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest auctioneer of heavy equipment and trucks, will co-host the 2012 Lift and Access Showcase & Symposium at the Company’s 200-acre auction site in Orlando, Florida, on Wednesday & Thursday, October 24 & 25, 2012. On Day Two of the Lift and Access event (October 25), the Ritchie Bros. Orlando auction site will also be host to bidders from around the world, as the Company conducts a one-day unreserved public auction, which currently features more than 900 heavy equipment items, including a selection of cranes, lifting and access equipment. Each item will be sold to the highest bidder on auction day, regardless of price—without minimum bids or reserve prices. A day prior to the auction (October 24), a panel of industry experts will come together on site to discuss Tier 4 engine challenges, including discussions on what equipment owners can expect from the upcoming equipment emissions standards changes. Read More…

Posted in Auctions, Construction, Construction Equipment, Industry News, IronPlanet, Manufacturers, News | Comments off

Euro Auctions Expands into the USA

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Back | Posted on by Chris

Euro Auctions Acquires New Auction Site in Atlanta, Georgia, USA

Dromore, Northern Ireland, United Kingdom, (19 October 2012) – Euro Auctions, the UK’s largest auctioneers of construction machinery and industrial equipment, announces its continued global expansion with the acquisition of a new auction site in Newnan, near Atlanta, Georgia, USA, just one year after the opening of its previously new auction site in Brisbane, Australia.

Euro Auctions has a acquired the freehold of a 65 acre site that was formally home to the ADESA Atlanta Truck & Equipment Auction Facility at 300 Raymond Hill Rd, Newnan, Georgia 30265. Approximately 60 of the sites total 65 acres is hard paved, making the facility perfect for presenting large quantities of construction machines and industrial equipment for auction.

With an elevated position and rolling topography, the site runs parallel to Interstate 85, with access via Exit 51 at the Sharpsburg – McCollum Road turning. With an incredible boundary of 4,600 ft fronting directly onto the Interstate and just over 2,800 ft of additional frontage on Raymond Hill, this site is highly visible to passing traffic and will prove to be a great benefit when drawing attention to sale days and upcoming events. Read More…

Posted in Auctions, Blog Posts, Euro Auctions, Industry News | Comments off

bauma China 2012: Construction Machinery Develop with Stability and Opportunity

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Back | Posted on October 4, 2012 by Chris

Visitor and media online pre-registration is in full swing: please visit www.b-china.cn
Pre-registered visitors/Media enjoy free entry; while visitors/media who don’t pre-register but buy a ticket on site should pay 50 RMB for 4 days

News on exhibitors, visitors and exhibition

bauma China 2012, holding from 27-30 Nov. 2012, has already begun the 2-month countdown. The pre-show work has almost been done step by step. So far, the list of some 2700 exhibitors has been released on the official website www.b-china.cn. The overseas and domestic construction machinery enterprises, whether old or new to bauma China, will occupy the whole Shanghai New International Expo Centre of over 300,000 square meters, to showcase their best products and technologies. Visitor and media online pre-registration is in full swing. Over 30 media, associations and thousands of exhibitors help to send out more than 800,000 bauma China 2012 invitation tickets and visitor flyers by magazines and mail, which facilitates a lot the visitor promotion. At present, visitors from about 80 countries and regions have pre-registered online, among which visitors of the emerging market of construction machinery, like Russia and Southeast Asia, have showed great interest on the show. Besides, in order to improve the quality of visitors and efficiency of exhibition service, bauma China 2012 implements the ticket fee system. Each of 4-day exhibition visit costs 50 RMB, but it is totally free of charge for online pre-registered visitors/media. Now you can register on www.b-china.cn and benefit from free entry and avoid long waiting times at the venue.

Steady growth of the industry

Construction machinery has said farewell to the rapid development in 2011 but returns to the rational development. China construction machinery now features internal adjustment and integration, accelerated overseas expanding. The data from China Investment Association showed that in the first half of the year, the domestic construction machinery industry exports amounted to 3.825 billion RMB, a year-on-year growth of 32.9%. Experienced a high-speed development cycles, though the construction machinery industry in China still has more or less development problems, it has made great progress in science and technology: many intelligent technology has met international standards, cheap products have enough international competitiveness. Industry experts believe that, with the Government “steady growth” signal factors, the industry as a whole is still expected to achieve a 12% increase and more than 30% growth of exports.

Read More…

Posted in Asia, Bauma, Blog Posts, China, Construction, Exhibitions, Industry News | Comments off

Ritchie Bros. achieves record September and third quarter gross auction proceeds

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Back | Posted on by Chris

Record $561 million of heavy equipment sold in September 2012 alone at 31 unreserved public auctions around the world

VANCOUVER, Oct. 3, 2012 /CNW/ – Vancouver-based Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest auctioneer of heavy equipment and trucks, sold approximately $561 million of equipment at 31 unreserved auctions around the world in September 2012, the highest September gross auction proceeds in Company history and one of its largest ever months. The Company also achieved its highest ever third quarter gross auction proceeds with approximately $848 million of equipment sold during the quarter ended September 30, 2012. The Ritchie Bros. website (www.rbauction.com) attracted roughly 4.1 million unique visitors in the first nine months of 2012, a 39% increase compared to the same period in 2011. All dollar amounts in this news release are presented in U.S. dollars.

“Our record September and third quarter gross auction proceeds reflect steady improvement in equipment supply and demand dynamics, which we discussed on our August earnings call,” said Peter Blake, Ritchie Bros. CEO. “New equipment supply and demand continued to become more balanced during the quarter, which is beginning to increase the availability of used equipment in the market. This is a positive development for our business and growth prospects, though increasing equipment supply resulted in generally more variability in used equipment prices at our auctions in the month of September,”

Mr. Blake continued: “We expect that increased availability of equipment will continue to stimulate the supply of used equipment to sell at our auctions. This is a promising sign as we move into the fourth quarter and we are confident in our ability to execute and achieve our 2012 plan.”

Highlights from the month of September included:

Demand for heavy equipment and trucks remains strong in Alberta
On Wednesday and Thursday, September 5 and 6, 2012, Ritchie Bros. Auctioneers sold close to $54 million of heavy equipment and trucks during a two-day unreserved public auction at the Company’s permanent auction site in Edmonton, Alberta. Almost 5,000 registered bidders competed for 4,600 heavy equipment items and trucks, including a selection of more than 120 T/A truck tractors, more than 75 hydraulic excavators and more. Read More…

Posted in Auctions, Blog Posts, Industry News, Ritchie Bros | Comments off

Myrak Generators & Plant Sales, to focus on the sales promotion and growth of their International Generator and Plant Equipment business.

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Back | Posted on September 24, 2012 by Chris

Myrak Generators & Plant Sales of Luton, are delighted to announce the appointment of Peter Sayers, who joined in September as General Manager, to focus on the sales promotion and growth of their International Generator and Plant Equipment business.

Jim Sullivan Snr, Joint Managing Director of Myrak said, “Peter has a wealth of experience in sales of construction equipment, having spent 37 years of his career building Leach Lewis Plant into a highly successful plant distributor, before leaving the business in 2011.

I have personally known Peter for over 30 years, and welcome him to Myrak where, despite the current downturn in the market, we are positive that this is the right time to invest in a measured expansion programme to grow sales and customer awareness of the products and services which Myrak offers.”

Peter adds, “I welcome this challenge, and am excited to be joining a family business which is already a successful Company with enormous potential, enthusiasm and the resources to expand, and will look forward to appointing a dedicated team, promoting existing and some new quality products – so watch this space!”

For further information on Myrak, please call 01582 584 333 or visit www.myrak.com.

Posted in Construction, Construction Equipment, Industry News, Manufacturers, UK | Comments off

HILLHEAD 2014 DATES ANNOUNCED

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Back | Posted on September 20, 2012 by Chris

Following the highly successful 2012 event, the organizers of the Hillhead Quarry Exhibition – the biennial international showcase for the quarrying, recycling and heavy construction industries – are pleased to announce that Hillhead 2014 will take place at Tarmac’s Hillhead Quarry, Buxton, England, from 24–26 June 2014.

Further details about the show will be available in due course but, in the meantime, general information about the event can be obtained by contacting Penny Lewin at:

Hillhead 2014
7 Regent Street
Nottingham NG1 5BS
United Kingdom

Tel: +44 (0)115 945 3890 (direct line)
Fax +44 (0)115 958 2651
Email: penny.lewin@qmj.co.uk

Posted in Exhibitions, Hillhead, Industry News, News | Comments off

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