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Terex to get $595 mln, EUR200 mln from sale of Material Handling and Port Solutions business

Friday, 24 Jun 2016 12:26pm EDT

Terex Corp: On June 21, 2016, entered into amendment to stock and asset purchase agreement with Konecranes PLC . Consideration company will receive from sale of its Material Handling and Port Solutions business changed from $820 million to $595 million and EUR200 million ."Due to global nature of Terex's business and its cash requirements, it will be beneficial for Terex to receive a portion of cash proceeds in Euros".

Palfinger expands dealer network in Finland

Friday, 24 Jun 2016 02:01am EDT

Palfinger AG :PALFINGER platforms is expanding its dealer network in Finland to include four modern, central locations.

Kubota Corp secures 11.4 bln yen order to supply and install water pipes in Chittagong - Nikkei<6326.T>

Thursday, 23 Jun 2016 04:43pm EDT

Nikkei: Kubota Corp has secured an order worth 11.4 billion yen to supply and install 68km of water pipes in Chittagong - Nikkei .

Ponsse to expand its factory

Wednesday, 22 Jun 2016 08:36am EDT

Ponsse Oyj : Says to expand its factory . Invests in new production facilities in Vieremä . New expansion is expected to be completed in autumn 2017 . During the next two years, will invest 28 million – 32 million euros ($31.63 million - $36.14 million) in the development of production . Logistics centre to be expanded in Iisalmi .Expansion to building completed in 2013 will be finished in October this year.


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