17.06.2013

Mills places $41.6 million

Brazilian based rental company Mills Estruturas e Serviços de Engenharia has placed orders for powered access equipment, worth $ 41.6 million, with monthly deliveries from June until the end of this year. The company has not specified the break down between manufacturers.

The new orders are part of the company’s increased capital expenditure budget for Rental business division announced in May, and intended to meet growing demand and support the opening of 12 new branches in 2013 - Click here to see Mills doubles capex.

Mills has also agreed a fixed exchange rate contract and entered into a hedge contract for the remaining equipment.