Flash Facts – April 21

Ingersoll Rand and SK Commercial form joint venture
Ingersoll Rand announced the formation of a joint venture with Chilean company SK Commercial on April 14. The new company, IR Bobcat Chile SA, will specialize in the marketing of construction equipment and spare parts, and will provide maintenance services.

Paccar finalist in American Business Awards
Paccar, a manufacturer of light-, medium- and heavy-duty trucks under the Kenworth, Peterbuilt, DAF and Foden nameplates, was recently named a finalist in three categories of the American Business Awards. The categories are best overall company, most innovative company and best product development. The awards will be presented during a nationally broadcast show April 30.

Sauer-Danfoss buys Comatrol
Sauer-Danfoss recently announced plans to purchase Comatrol, S.p.A. in an effort in enhance its ability to manufacture cartridge valves and hydraulic integrated circuit manifolds in Europe. Comatrol, located in Reggio Emilia, Italy, will form part of Sauer-Danfoss’ valves global business unit.

Volvo starts excavator production in China
Volvo Construction Equipment, which recently began excavator production in China, delivered its first excavator to ZheJaing YuZhong Construction Group on April 14. ZheJaing YuZhong is one of the companies involved in the Formula One racetrack project in Shanghai. Volvo CE in China has a production capacity of approximately 2,000 units per year.

PEOPLE ON THE MOVE