By Carl Keith Greene / Staff Writer
Emeco, a heavy equipment rental company that opened about 30 months ago in London, has been set for closing in July.
The change comes as the result of cutting back by the Australian firm that owns it, reports an international rental magazine published by KHL.
Emeco is expected to close its European arm and consolidate its U.S. operations into its Canadian arm, the story says.
The company’s U.S. outlets, the depot in London and its U.S. headquarters in Houston, Texas, will be closed and the business will move to Edmonton, Ontario.
Keith Gordon, Emeco’s managing director, was quoted as saying, “The fundamentals of the Appalachian coal market do not support the ongoing presence by Emeco in this region. The long term outlook is for a steady decline in coal production in the region and customer support for the rental model is unlikely to be sustainable in the medium term.
The magazine said the company’s Kentucky rental and sales merchandise will be sold or relocated to Canada.
The London depot has about 30 employees.
It opened in October 2007.
Gordon was quoted, “We have dealt with our underperforming businesses and now our remaining businesses in Australia, Indonesia and North America provide Emeco with a strong platform for growth as the market recovers.”
Gordon said the company will go for profitable growth in North America. The company’s main business in the Canadian oil sands will be supplemented by projects in other areas, the story said.
By Carl Keith Greene / Staff Writer
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