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

  • Concrete paving a smoother surface using machine control technology
    May 17, 2017
    Innovative technology has been used to deliver a smooth concrete road surface on a busy stretch of highway in Nebraska. Much-needed work on a busy section of Interstate 80 has been carried out in Nebraska to improve the road surface. This is one of the most important highways in the US, providing a link that stretches right across the country between the east and west coasts. This busy highway carries a high percentage of heavy truck traffic as it is a vital transport route. However this constant flow of la
    Read More
  • Advanced, low emission, fuel efficient earthmoving
    February 23, 2012
    Manufacturers are rolling out sophisticated machines for the European, North American and Japanese markets - Mike Woof reports. This year has been a pivotal period for the development of advanced, low emission earthmoving machines. During 2011 an array of manufacturers have introduced new models designed to comply with the latest Stage IIIB/Tier 4 Interim emissions regulations introduced for
    Read More
  • Compact equipment leads the way to record results for Wacker Neuson
    August 4, 2015
    Light and compact equipment maker Wacker Neuson Group, based in Munich, Germany, reported record revenue and earnings for the first half of 2015. Revenue for the first six months of 2015 increased 14% relative to the same period 2014, reaching €706.4 million, a record high, the company said in a written statement. “Our business grew significantly, despite negative market developments in many countries, especially outside of the US and Europe,” said Cem Peksaglam, chief executive of Wacker Neuson.
    Read More
  • Chepstow's Volvo order
    February 16, 2012
    UK company Chepstow Plant (International) has placed orders for a further 40 Volvo Construction Equipment units in 2011.
    Read More

Highlighted Content