Finance & Funding

Internet auction firm IronPlanet plans to sell over 270 items of construction, materials handling and agricultural equipment in its January 26th online auction. Equipment for sale includes excavators, loaders, dump trucks, backhoe loaders, compactors, telehandlers, forklifts, tractors and generators. The equipment is located throughout Europe and includes machines such as a 2010 Hitachi ZX280 crawler excavator, a Caterpillar 160H Motor Grader, two 2003 Terex TR70 dump trucks, a 2007 Caterpillar 319CL crawle

Haulotte Group (HG) increased its Q4 2011 sales by 13%, compared to the same period of 2010. The rise took consolidated October 1 to December 31 2011 sales to US$107.1million (€82.2 million) compared with $94.5million (€72.5million) in the same three months of last year.

Euro Auctions set a new internet sales record for the company after online buyers spent more than US$10.9million (£7million) on used plant equipment during a recent auction in northern England.

US-based Ritchie Bros Auctioneers, the world's largest industrial auctioneer, is staging its biggest ever unreserved public equipment auction. More than 9,100 heavy equipment items and trucks will be sold over the six-day event in Orlando, Florida from February 13-18, 2012.

Auction firm Ritchie Bros says that it is now one of the world's largest online retailers, with Internet sales of equipment surpassing US$1 billion/year.

Ritchie Bros is offering a new 21-language website, which features current inventory and equipment search tools. The new website is in 21 languages, with auction results in 14 languages and live on-line bidding in seven languages.

Inge Zhou has been appointed as vice president of corporate communications for Volvo Construction Equipment newly formed China sales region.

Volvo Construction Equipment sold a record 84,000 machines in 2011. The company believe its ascendancy in the Chinese market was a key factor behind the landmark.

Euro Auction continues its record sales with the highest ever hammer price for a sale at its German facility in Dormagen.

UK firm Euro Auctions has achieved strong performance with its equipment sale at Valencia in Spain.