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Business: Page 293
Business
The steel crisis: Is an end to this perfect storm in sight?
In October 2003, when highway contractor Swank bid on a bridge project for the Pennsylvania Turnpike, the price of steel piling the company needed for the job was 16 cents per pound, delivered to the site. Swank ended up paying 26 cents per pound in March, and today the price is 31 cents per pound. […]
October 25, 2004
Business
IMT names president and COO
Iowa Mold Tooling has appointed Steve Fairbanks president and chief operating officer. Most recently, Fairbanks worked as president of Viking Pump, a Cedar Falls, Iowa-based division of IDEX. He was also president of IDEX’s Gast Manufacturing subsidiary. Fairbanks will oversee all segments of the IMT business and report to Richard Long, chief executive officer.
October 25, 2004
Sponsor Content
Cut Cycle Times and Fuel Costs With These Operator Habits
Volvo Construction Equipment
September 22, 2026
Business
Caterpillar CFO, global mining president to retire
Lynn McPheeters, Caterpillar vice president and financial officer, and Richard Benson, the company’s global mining president, will retire Feb. 1. David Burritt, Caterpillar’s comptroller since 2002, will take the place of McPheeters, who has worked for Caterpillar forty years. McPheeters held a variety of financial posts in the United States and abroad before being named […]
October 25, 2004
Business
Northern Tool, HSBC form credit alliance
Northern Tool & Equipment and HSBC North America, a businesss-to-business financial services company, have signed an agreement through which HSBC’s business solutions group will manage all of Northern Tool’s commercial accounts. HSBC’s retail services business has managed Northern Tool’s consumer financing program and a portion of its commercial program since 1994. The new commercial program […]
October 25, 2004
Business
IPD emerges from Chapter 11 protection
IPD, a manufacturer and supplier of heavy-duty products for diesel and natural gas engines, announced last month it has emerged from Chapter 11 proceedings approximately eight months after filing for protection. Storm Industries, which has been an IPD shareholder since 1955, is the company’s new owner. IPD says it now has a financially sound capital […]
October 25, 2004
Business
AEM elects Ingersoll-Rand executive to board of directors
The Association of Equipment Manufacturers has elected Chris Vasiloff, senior vice president and president of the infrastructure sector of Ingersoll-Rand, to serve on its board of directors. As an AEM director, Vasiloff will help set the guidelines and operating policies of the association on behalf of its members. Vasiloff joined Ingersoll-Rand in 1976 and has […]
October 18, 2004
Business
U.S. military awards wheel loader refurbishing contract to Case
The U.S. military has awarded Case Construction Equipment a second contract this year, this time to refurbish nearly 100 MW24C wheel loaders for the Army’s tank, automotive and armaments command. The goal of the program is to repair the machines quickly for deployment to Southwest Asia. The wheel loaders will be refurbished according to U.S. […]
October 18, 2004
Business
Trimble, Command Alkon to work on construction materials market solutions
Trimble announced Oct. 5 its subsidiary Trimble Mobile Solutions will partner with Command Alkon to expand its wireless mobile resource management solutions in the construction materials market. As part of the agreement, Trimble and Command Alkon will work together to market Trimble’s MRM solution to Command Alkon customers as well as provide new customers with […]
October 18, 2004
Business
Ingersoll-Rand head describes global growth strategy
Ingersoll-Rand’s chairman, president and chief executive has detailed the company’s efforts to build a diversified business positioned for long-term, global growth. At Prudential Equity Group’s “Inside Our Best Minds” conference last month, Herbert Henkel said he expects Ingersoll-Rand to generate annual organic revenue growth of 4 to 6 percent and annual bolt-on acquisition growth of […]
October 10, 2004
Business
Roofing contractors needed in hurricane stricken states
The demand for roofing contractors in areas hard hit by hurricanes Charley, Frances and Jeanne is so high there are waiting lists of up to a month for people needing repairs. To help ease demand, Gov. Jeb Bush signed an order Sept. 14 that makes it possible for out-of-state roofing contractors to help repair homes […]
October 6, 2004
Business
Atlas Copco acquires ground engineering company
Atlas Copco has acquired Rotex Oy, a Finnish manufacturer of consumables for overburden drilling. The company will become part of Atlas Copco Craelius, a division within Atlas Copco’s Construction and Mining Technique business. Rotex products complement Atlas Copco Craelius’s present range of overburden drilling consumbles, and the acquisition will widen the company’s product portfolio in […]
October 4, 2004
Business
Highway project tests concrete and asphalt
An experiment on a section of Route 30 in Wayne County, Ohio, will test the long-running competition over which pavement is better – asphalt or concrete. Along the 8-mile stretch of highway, the eastbound lanes will be paved with concrete, while the westbound lanes will be paved with a high-tech asphalt product called Perpetual Pavement. […]
September 29, 2004
Business
Colorado DOT asking for 10-year guarantees on construction
The Colorado Department of Transportation is asking contractors who bid on projects to guarantee their work for 10 years. Although CDOT started requesting a guarantee with concrete projects in 2001, the first asphalt project with the 10-year warranty was awarded in early September. The department’s requirements state that concrete should last approximately 22 years and […]
September 28, 2004
Business
Speakers discuss maintenance, technology at Construction Symposium
During the 2004 Construction Symposium, sponsored by ChevronTexaco, experts from the equipment, technology and insurance sectors gave presentations on how you can extend the life of equipment through high-tech maintenance management, and how to lower insurance premiums. Approximately 50 construction industry professionals attended the two-day event. At a presentation on preventive maintenance and engine oil […]
September 27, 2004
Business
Cummins makes engine information available online
Construction equipment owners can get immediate access to parts and service information for every Cummins engine built since 1960 through the company’s new Quickserve Online site. The website lets construction equipment owners access the same online system Cummins service personnel use. The website offers 24-hour access to parts and information, a subscriber bulletin board and […]
September 22, 2004
Business
Cement shortages continue; hurricanes worsen scarcity in Florida
Cement shortages that started hitting states like Florida and California in the spring have continued into early fall and could persist through the end of the year, according to the Portland Cement Association. Approximately 29 states around the country, mostly in the Southwest, South and the Mid-Atlantic, have experienced some kind of cement shortage over […]
September 22, 2004
Business
Kolberg-Pioneer and JCI appoint sales, marketing manager and product development manager
Kolberg-Pioneer and JCI have named Mike Johnson manager of sales and marketing and Tom Eggers product development manager. Johnson has held various positions in the sales department, including inside sales manager, dealer development manager and field sales manger. He was promoted to sales manager in 1998, and became sales manager for both Kolberg-Pioneer and JCI […]
September 20, 2004
Business
Pentair to sell tools group to Black & Decker
Pentair has signed an agreement to sell its tools group, which includes pressure washers, generators and air compressors, to Black & Decker for approximately $775 million. The transaction is expected to close this year following regulatory clearance. In the 1990s, Pentair was largely defined by its top-performing tools businesses, but the water and enclosures businesses […]
September 20, 2004
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