Tag: construction equipment makers

Dealers

Caterpillar leadership sees shake-up as heads of mining and dealer support announce retirement

Caterpillar has announced the retirement of two group presidents and a vice president, all of which will take effect early next year. Steve Wunning, 63, is retiring from his post as group president for resource industries, which includes mining. Caterpillar says that Ed Rapp, 57, current group president for construction industries will replace Wunning. Tom […]

October 14, 2014

Construction Equipment

JCB appoints Mirdha CEO of North American operations as veteran Patterson retires

JCB has named Arjun Mirdha as the new President and CEO of the company’s North American operations. Mirdha replaces industry veteran John Patterson who has retired after 43 years with the company. Patterson has led the company’s North American unit since 2008 as Chairman and CEO. Patterson will remain as Director of the JCB Group and […]

January 5, 2014

Business

Sany America names Mike Rhoda its new CEO

Mike Rhoda has been named chief executive officer of Sany America, replacing Tim Frank, who resigned in October. Rhoda has a broad construction equipment industry resume, including stints as chief technology officer at Doosan Infracore Construction Equipment, president and CEO of Volvo Construction Equipment’s excavator line, and senior management positions at Ingersoll-Rand. In a statement […]

December 10, 2013

Business

The latest in a string of closings, Caterpillar to shutter Virginia mining equipment plant, lay off 240 workers

The decrease in demand for mining equipment is still hurting Caterpillar as the company has announced plans to close another mining equipment plant and lay off an additional 240 workers. The Pulaski, Virginia plant manufactures coal haulers and other equipment and is slated for shutdown by mid-2014, according to a report from Reuters. The announcement is […]

November 18, 2013

Business

JCB donates $500k worth of backhoes, generators to Philippines typhoon recovery efforts

JCB has announced that it will send more than $500,000 worth of heavy equipment and generators to aid in the recovery efforts in the wake of the typhoon that hit the Philippines. Typhoon Haiyan hit the Philippine coast on Friday and swept across six of the country’s islands, displacing millions. The initial death toll estimate was […]

November 14, 2013

Business

Forbes: Sany, fellow Chinese equipment makers’ move into foreign markets “isn’t working”

It’s been a rough year for Sany. Back in January, despite the fact that a decade-long infrastructure boom in China had already come to a crashing halt, equipment manufacturer Sany had high hopes for its expansion into the U.S. and other foreign markets. The Chinese company told of its ambition to over take Komatsu and […]

November 7, 2013

Business

Komatsu sees slight decline in sales in first half of year, cuts profit forecast by 26%

Citing a decrease in demand for mining equipment, Komatsu announced decreases in both sales and operating income for the first six months of its fiscal year. In the last six months, the company reports that net sales were down 0.6 percent to 925.1 billion yen ($9.46 billion) compared to the same period last year. Operating […]

October 29, 2013

Business

Volvo CE maintains outlook as 3Q operating income falls 17%

Citing weak demand and “no clear sign of a global recovery in the sector in sight,” Volvo Construction Equipment saw decreases in third quarter sales and operating income. Net sales for the company dropped 7 percent to 12.278 billion SEK ($1.9 billion). Volvo CE says sales were mainly affected by “lower activities in the global […]

October 25, 2013

Business

Caterpillar 3Q profits down 44%, cuts outlook for 2013 once more

Caterpillar is reporting another down quarter due to decreased mining demand with third quarter sales and revenues down 22.5 percent and profits down 44 percent from last year. The company announced today third quarter sales and revenues of $13.423 billion, down from $16.556 billion in the third quarter last year. Third quarter profits fell from […]

October 23, 2013

Business

Dire States: Former road builder drives rust bucket across America to demonstrate the sorry state of infrastructure

What do a 1949 Hudson Commodore and America’s infrastructure have in common? They’re both old, neglected and in need of refurbishment. Inspired by the D+ grade given to America’s infrastructure by the American Society of Civil Engineers, Case Construction Equipment and infrastructure author Dan McNichol have decided to set out on a tour across the […]

September 20, 2013