Increasing demand in key markets helps boost Volvo CE in Q2 2017, with significant improvements in both sales and earnings, thanks to the maintenance of tight controls on costs even as volumes return
sales
Posted inPMV
Volvo Group increases net sales by 12% in Q2 2017
Volvo Group increases its net sales to $10.6bn in Q2 2017, grew its adjusted operating income to $1bn for an operating margin of 9.7%, and saw at least one major sale in Saudi Arabia
Posted inMachinery
JLG inks Qatar distribution contract with Rumaillah Motors
Under the terms of the deal, Rumaillah Motors will supply JLG’s entire range of aerial access equipment, including telescopic handlers, to the Qatari market
Posted inMachinery
UAE: Al-Futtaim Motors opens 3S Toyota Material Handling facility
Al-Futtaim Motors has opened the UAE’s first standalone Toyota Material Handling facility for sales, service, and spare parts
Posted inMachinery
Chicago Pneumatic sells 25 LED light towers to Kuwait’s GTE
GTE will supply 25 Chicago Pneumatic LED light towers to Kuwaiti contractor Al-Yousifi for use on a time-sensitive oilfield construction project
Posted inMachinery
UAE: GENAVCO installs $600k racking system for MHK
GENAVCO has installed a Stow Atlas Shuttle Racking System for Mir Hashem Khoory Cold Stores as part of a $600,000 contract
Posted inVehicles
SDLG begins 58 loader and grader delivery in KSA
FAMCO begins handover of 58-unit order of SDLG wheel loaders and motors grades to Shibh Al-Jazira in Saudi Arabia
Posted inMachinery
Egypt’s Orascom buys 24 Grove rough-terrain cranes
Orascom Construction has taken delivery of 24 Grove rough-terrain cranes, the majority of which have been sent to work at power plants and oil refineries
Posted inEQUIPMENT
Manitowoc sells first MDT389 cranes in Middle East
Manitowoc has sold its first Potain MDT389 tower cranes in the Middle East, with a four-unit order following its dealer conference in Egypt
Posted inMachinery
Doosan Bobcat sells 150 machines at Bauma 2016
Doosan Bobcat EMEA secured more than 150 machine orders during the Bauma 2016 exhibition in Munich, Germany