Purchasing heavy equipment is a necessary part of the construction business, but the steep asking prices on just one crane, dump truck, excavator, skid steer, loader, tractor, or any number of heavy equipment pieces that your business will use in its daily operation could easily finance an entire home construction project. Any time one of your employees points out that you need new machinery, you cringe, right? Then it’s time to take out the accounting books and see how you can afford new construction equipment.
If you’re looking to buy used heavy equipment or any other kind of used machinery, try a reputable online classified website You’ll find classifieds for used heavy trucks, used excavators, used skid steers, heavy loaders, heavy tractors, cranes, and many used heavy construction equipment pieces. Search for used heavy equipment by manufacturer and machine type.
Many of the used construction equipment prices are negotiable, so you could easily get a deal on a used excavator, used skid steer, used dump truck, or any other piece of used heavy construction equipment for far less than the prices listed. Don’t see the used heavy equipment you’re looking for? Place a Want Ad with a description of the used construction equipment you want and your price range!
Purchasing heavy equipment, even used heavy equipment, can consume a large amount of funds. When heavy dump trucks, cranes, or any other heavy equipment is on the fritz, some construction companies might just need to borrow some heavy equipment for a short time while their heavy equipment is being fixed.
New heavy construction equipment can cost so much of your construction company’s funds that even the best jobs can turn little profit. While quality machinery is of course essential to any construction project’s success, quality used machinery is easy to find with the right classifieds website. Before you buy new, buy used heavy equipment and save the accounting books at your construction business from going into red!
Friday, March 28, 2008
Gobal Benchmarks in Manufacturing - TElco
The Telco Construction Equipment Company has set gobal benchmarks in manufacturing heavy equipment for the construction, earthmoving and mining industries, while playing a significant role in realising India's infrastructure dreams
The term 'development' conjures up images of vibrant towns, contemporary buildings and well-connected roadways. Modern India is teeming with all these and Telco Construction Equipment Company (Telcon) has had a sizeable role to play in creating them. The company has been at the forefront of construction solutions and India has been using the company's hydraulic excavators, cranes, backhoe loaders, wheel loaders, vibratory compactors and other equipment in its rapidly growing construction, earthmoving and mining industries.
Ties to stay ahead A significant step for Telcon came in December 2005, when Hitachi Construction Machinery Company (HCM) doubled its stake in Telcon from 20 per cent to 40 per cent. The move made it a 60:40 joint venture between Tata Motors and HCM, and reflected HCM's confidence in the growing Indian market and its mission to be part of the infrastructure development of the country.
HCM's participation has enabled Telcon to significantly improve its product offerings to its customers and evolve as a global manufacturing and design hub. Closer cooperation between HCM and Telcon will also add a new range of construction equipment to Telcon's existing portfolio of outstanding products in India.
ZAXIS series: Heralding new-age excavators Since its launch in 2005, the Telcon ZAXIS series — the new-age excavator — has been winning customer appeal with its outstanding performance and has evoked enormous enthusiasm and interest. ZAXIS 450 LCH excavators are being used across the country in applications ranging from irrigation to coal overburden removal.
A lot of research and insight has gone into the development of the machine. Telcon leveraged its vast experience with excavation practices in India to incorporate innovations in the design, making the machine more productive and more durable in Indian conditions.
ZAXIS provides a blend of the latest technologies to yield high operating efficiency at lower costs. While in operation, an on-board information controller called the ICX records the key operational parameters for the machine and generates reports that can be downloaded to a mobile computer.
Giant backhoe: New chapter in mining operations in IndiaNo less appealing is the backhoe excavator EX 2500-5 commissioned in September 2005 at Tata Steel's West Bokaro collieries. It is the largest excavator in its category in India with a bucket capacity of 15 cubic metres. With this, Telcon boasts the largest installed base of six ultra-large mining machines in the country.
Commissioning such a large machine was a challenge in itself. Armed with finely-honed skills and experience, Telcon service engineers followed a detailed plan to assemble the mammoth machine with clinical precision. When the first giant scoop was dug out, it was a defining moment for Telcon and its team.
Convinced of its high productivity, Tata Steel has added a third EX2500-5 to its existing fleet. Many more units are on order for delivery over the next two years, and to support the growing fleet is a committed team of Telcon engineers stationed at West Bokaro.
The term 'development' conjures up images of vibrant towns, contemporary buildings and well-connected roadways. Modern India is teeming with all these and Telco Construction Equipment Company (Telcon) has had a sizeable role to play in creating them. The company has been at the forefront of construction solutions and India has been using the company's hydraulic excavators, cranes, backhoe loaders, wheel loaders, vibratory compactors and other equipment in its rapidly growing construction, earthmoving and mining industries.
Ties to stay ahead A significant step for Telcon came in December 2005, when Hitachi Construction Machinery Company (HCM) doubled its stake in Telcon from 20 per cent to 40 per cent. The move made it a 60:40 joint venture between Tata Motors and HCM, and reflected HCM's confidence in the growing Indian market and its mission to be part of the infrastructure development of the country.
HCM's participation has enabled Telcon to significantly improve its product offerings to its customers and evolve as a global manufacturing and design hub. Closer cooperation between HCM and Telcon will also add a new range of construction equipment to Telcon's existing portfolio of outstanding products in India.
ZAXIS series: Heralding new-age excavators Since its launch in 2005, the Telcon ZAXIS series — the new-age excavator — has been winning customer appeal with its outstanding performance and has evoked enormous enthusiasm and interest. ZAXIS 450 LCH excavators are being used across the country in applications ranging from irrigation to coal overburden removal.
A lot of research and insight has gone into the development of the machine. Telcon leveraged its vast experience with excavation practices in India to incorporate innovations in the design, making the machine more productive and more durable in Indian conditions.
ZAXIS provides a blend of the latest technologies to yield high operating efficiency at lower costs. While in operation, an on-board information controller called the ICX records the key operational parameters for the machine and generates reports that can be downloaded to a mobile computer.
Giant backhoe: New chapter in mining operations in IndiaNo less appealing is the backhoe excavator EX 2500-5 commissioned in September 2005 at Tata Steel's West Bokaro collieries. It is the largest excavator in its category in India with a bucket capacity of 15 cubic metres. With this, Telcon boasts the largest installed base of six ultra-large mining machines in the country.
Commissioning such a large machine was a challenge in itself. Armed with finely-honed skills and experience, Telcon service engineers followed a detailed plan to assemble the mammoth machine with clinical precision. When the first giant scoop was dug out, it was a defining moment for Telcon and its team.
Convinced of its high productivity, Tata Steel has added a third EX2500-5 to its existing fleet. Many more units are on order for delivery over the next two years, and to support the growing fleet is a committed team of Telcon engineers stationed at West Bokaro.
Thursday, March 20, 2008
Titagarh Wagons eyes earth moving machinery business
Wagonmaker Titagarh Wagons Ltd aims to increase its revenue share from heavy earth moving machinery used in mining and construction, a senior official said on Friday.
Besides heavy earth moving equipment, Titagarh Wagons also plans to make bailey bridges and iron castings, Managing Director Umesh Chowdhary told reporters. Bailey bridges are portable pre-fabricated bridges used by the military.
"We plan to move towards other niche segments," Managing Director Umesh Chowdhary told reporters.
The company, which gets 80 percent of its revenue from wagon manufacturing, plans to raise up to 1.45 billion rupees from sale of 2.37 million shares at the upper end of price range of 540 rupees to 610 rupees a share.
Kotak Mahindra Capital Co Ltd and JM Financial Consultants are co-managers of the issue, which opens on March 24.
Titagarh Wagons plans to use the funds for setting up an electric multiple unit (EMU) manufacturing facility in West Bengal, expanding its existing facility and also look at strategic buyouts or investments.
The company competes with wagon makers Texmaco Ltd, Jessop and state-run BEML Ltd.
The company, in which General Electric Co.'s Equipment Services and Commercial Finance units have a 15 percent stake, has orders worth 7.53 billion rupees.
Private equity firm Blackstone bought a minority stake in the firm in a pre-IPO placement at 672 rupees a share. JP Morgan, 2i Capital, and ChrysCapital also have stakes in the firm.
Titagarh Wagons has a 49 percent stake in a joint venture with Freight Car America Inc for manufacturing light-bodied wagons.
Monday, March 17, 2008
Construction Equipment Financing
In construction equipment financing, there are two routes to go. Lease or buy. You must consider these options if you are going to be able to plan for the future of your construction company. Both options have their own merits and drawbacks.
Business Loans Can Help Buy Needed Construction Equipment
Equipment used in the construction industry in most cases will not become obsolete during the life of the technology. Bulldozers, backhoes, and other digging equipment have essentially been the same for years. If maintain properly, construction equipment will last for years past what a lease would offer.
Also once the loan is paid off, the business owns the equipment. This is very valuable in the fact that your business gains collateral which builds accrued equity. This equity can be used later on down the road to help secure working capital if the need arises. However, we have found that unsecured lines of credit offered the small business person all the extra working capital they need, with requiring collateral. Futhermore, the equipment that is bought can be counted on taxes as depreciation.
The Benefits of a Leasing Construction Equipment
Tax benefits of a lease are the #1 reason for leasing to the average business owner. A “true lease” provides a 100% deduction according to the IRS. If you do not know what we mean by a true lease, the Internal Revenue Service uses the term true lease to define how a lease is structured.
When the lease is structured as a true lease, the end-user can claim the entire lease payment as a business expense. To qualify for this status, the equipment must be declared at fault fair market value at the leases end. While all this sounds complicated, it really isn’t. We do, however, recommend consulting with a professional tax consultant for more information on the ramifications of the tax benefits of leasing.
Leasing is great because you can often get the equipment that you need without any down payment. This is wonderful for businesses that do not have the extra cash. Lease payments are typically fixed for the term of the lease and give the business owner, a good idea what to budget.
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