A-Plant earmarks $38 million for new equipment

A-Plant, a UK-based rental company, plans to invest £24 million to boost its fleet with new equipment.

The latest investment forms part of the £60 million ($94.87 million) investment plan of the company chalked in 2011 to improve its hire fleet in 2011/12. The company has completed the first part of this investment plan by investing £26 million ($41.11 million) in September 2011.

The company has placed orders with several manufacturers, such as Doosan, Terex and JCB. A-Plant plans to buy dumpers, excavators, pedestrian rollers and forklift telehandlers; which will replace certain old equipment and also as new addition.

The largest investment, which amount to £7 million ($11.06 million), will be made to acquire powered access equipment, such as diesel and electric scissors and boom lifts from several manufacturers such as Genie, JLG and Niftylift. These investments forms part of the company’s five-year plan, which involves an investment of more than £330 million ($521.7 million), aimed at keeping the company’s inventory young.