Latest news from Heavy Lift & Project Forwarding International Magazine

Konecranes completes Indian crane acquisition

August 11 - Further to our report on February 21, Konecranes has now completed the second phase of its acquisition of WMI Cranes Ltd increasing its ownership from 51 to 100 percent.

Konecranes acquired WMI's shares in two phases. In the first phase in February, Konecranes acquired 51 percent of the shares for INR1,690 million (USD37.3 million). In the second phase Konecranes purchased the remaining 49 percent of the shares. The total price for 100 percent of the shares in WMI amounted to INR3,578 million (USD79.05 million).

Konecranes says that the acquisition marks an important step in strengthening its position in the growing Indian crane market. In 2010, WMI's net sales exceeded EUR30 million (USD42.7 milion) and it has a strong order book to support further net sales growth in 2011.

Heavy Lift | News

Contargo combats low water levels thumbnail image

Contargo combats low water levels

July 23 - Contargo has adapted its barges to cope with the low water levels that have plagued the River Rhine and reduced the volume of cargo that can be transported on the waterway.
Views: 112
Hellmann bridges the gap thumbnail image

Hellmann bridges the gap

July 23 - Hellmann Worldwide Logistics has coordinated the delivery of two fully assembled seaport passenger boarding bridges (SPBB) from Spain to Sydney, Australia.
Views: 145
Van Wieren expands with Nooteboom thumbnail image

Van Wieren expands with Nooteboom

July 22 - The Netherlands-based Van Wieren Special has expanded its trailer fleet with two Euro-PX low-loaders from Nooteboom.
Views: 336
Hulst steps up at Pecém thumbnail image

Hulst steps up at Pecém

July 22 - Corné Hulst has been named as operational director at the port of Pecém, Brazil.
Views: 301

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