AmeraMex International, which sells, leases and rents heavy equipment to companies in the construction industry, shipping logistics, mining and commercial farming, is close to finalizing a $500 million five-year contract in Africa, the company said.
“The company is expecting to receive equipment specifications for the five-year project by late August,” said Lee Hamre, AmeraMex CEO. “AmeraMex will generate a proposal for presentation to the country’s Minister of Transportation and other cabinet members. This proposal is the basis for the five-year contract. We understand both the African and European bank guarantees are prepared and will be sent to the lender once the contract is approved by the government.”
Hamre added that the company’s U.S.-based container business is picking up as is its rental business. “Our rental business is also beginning to see increased activity and used equipment is leaving the lot as fast as we can get them refurbished,” he said. “It has been a long time since we have been this busy.”
AmeraMex represents manufactures such as Terex Heavy Equipment and Taylor Machine Works. The company is headquartered in Chico, Calif. It carries a large inventory of front-end loaders, scrapers, excavators, backhoes, rock trucks, container handlers, log loaders, forklifts, wheel loaders, trucks and trailers.