Finance & Funding

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.

Auction firm Ritchie Brothers has sold US$41 million worth of construction equipment at its recent auction in Dubai.

Hitachi Construction Machinery (HCM) says it is likely to return to full production capacity this week for the first time since the devastating Japanese earthquake and tsunami.

The on-line marketplace for construction machinery, Mascus, is now celebrating its 10th anniversary.