Auction success

Auction firm Ritchie Brothers has sold US$41 million worth of construction equipment at its recent auction in Dubai.
March 1, 2012 Read time: 1 min
RSSAuction firm 318 Ritchie Bros has sold US$41 million worth of construction equipment at its recent auction in Dubai. This is the fifth auction the firm has held in Dubai and was held over a three day period in December, attracting 770 registered bidders from 55 countries, which the Canadian firm claims is a record. Of the buyers around 50% came from outside of Dubai, with much of the trading being handled over the Internet. In all 1,600 machines were sold, including 55 excavators, 55 wheeled loaders, 30 bulldozers, 25 ADTs, 25 cranes, 25 rigid dump trucks and a range of other machines including graders, compactors, asphalt pavers trenchers and generator sets.
Finance & Funding

Related Content

  • Bullish World of Asphalt and AGG1 2015 event
    March 18, 2015
    The 2015 combined World of Asphalt and AGG1 event in Baltimore has attracted a record number of exhibitors and attendees for its first day. More than 7,000 registered attendees came to the show by mid-day setting a record, while the event also attracted more than 450 exhibitors. Over 10,000 education session tickets were purchased by attendees for the presentations being held simultaneously with the exhibition. The event runs from March 17th- March 19th at the Baltimore Convention Centre and is organised by
    Read More
  • Morocco’s new motorway links are boosting connectivity
    December 16, 2014
    Morocco’s massive motorway construction programme will improve transport connections and boost this North African country’s economy - Mike Woof reports A massive road building programme is transforming Morocco, with new motorways connecting cities and major towns, as well as many new rural roads being built. The Moroccan Government has set an impressive plan for its infrastructure investment that will see even the country’s small and remote villages having proper connections to the main road network. The
    Read More
  • Shantui broadening operations
    January 6, 2017
    Chinese firm Shantui is best known for its well-proven bulldozer range, which it started manufacturing 30 years ago, although the company has since diversified its product line.The company is China’s leading producer of bulldozers and claims around 70% of the home market for these machines although it also exports a significant percentage of its production run. Shantui’s senior consultant for Global Marcoms, David Lightle said, “We’ve been exporting for 25 years.” Exports form an important part of the compa
    Read More
  • Shantui broadening operations
    November 26, 2012
    Chinese firm Shantui is best known for its well-proven bulldozer range, which it started manufacturing 30 years ago, although the company has since diversified its product line.The company is China’s leading producer of bulldozers and claims around 70% of the home market for these machines although it also exports a significant percentage of its production run. Shantui’s senior consultant for Global Marcoms, David Lightle said, “We’ve been exporting for 25 years.” Exports form an important part of the compa
    Read More

Highlighted Content