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Business: Page 303
Business
Flash Facts – May 5
MANUFACTURER NEWS Fiat recognizes ArvinMeritor with two awards Fiat recognized ArvinMeritor’s wheel business with its Best Suppliers Award for the twelfth consecutive year and its long-term excellence award for the fifth year in a row. ArvinMeritor’s wheels division has headquarters in Limeira, Brazil, and San Luis Potosi, Mexico. Mann+Hummel merge U.S. divisions Mann+Hummel recently announced […]
May 7, 2003
Business
Flash Facts – April 28
MANUFACTURERS NEWS Morbark to open product support facility Morbark, recently announced plans to open a product support facility in Conrow, Texas, on June 1. The 10,000-square-foot facility is currently under construction in Airport Industrial Park, 25 minutes north of Houston’s Bush National Airport. The facilities will stock parts for Morbark’s industrial equipment line and will […]
May 4, 2003
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Business
Flash Facts – April 21
MANUFACTURER’S NEWS 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 […]
April 22, 2003
Business
Legislation could make health insurance cheaper for small businesses
Small businesses, including construction companies, could more easily afford health insurance for employees in the near future if legislation approved by a House committee April 8 becomes law. The Small Business Health Fairness Act, approved by the House Committee on Education and the Workforce’s Subcommittee on Employer-Employee Relations, is expected to improve healthcare access to […]
April 18, 2003
Business
College program prepares new contractors for government bids
Ken Thompson, a contractor from Norfolk, Va., never knew that government contractors had to pay trade workers set minimum wages. That is, until he went to Construction Contractors’ College. The Norfolk Redevelopment and Housing Authority and Empowerment 2010 recently started an educational program for new contractors. The program is targeted primarily at women and minority-owned […]
April 16, 2003
Business
Texas dealer adds largest North American demolition machine to rental fleet
A Dallas equipment dealer has put the largest demolition machine in North America – a 100-metric-ton excavator – in his rental fleet. While only a handful of demolition jobs large enough to justify a machine of this size go on at one time, Mike Detzler, president of Continental Equipment Company, says the Komatsu PC1000 equipped […]
April 14, 2003
Business
Mack School Tour recruits students for technical careers
“Just because you don’t want to go to a four-year college, doesn’t mean you can’t have a great career,” is the message Mack is taking from school to school across the country as part of the Mack School Tour. Many students along the East Coast and in the Midwest recently got the chance to look […]
April 10, 2003
Business
Alabama DOT forbids gifts for contractors, highway workers
Contractors, employees and construction workers affiliated with the Alabama Department of Transportation can no longer accept gifts like season tickets to games or expense-paid trips due to a new ethics policy. According to DOT Assistant Director Dan Morris, the new policy is unusual for the state of Alabama. He said he doesn’t know if such […]
April 6, 2003
Business
Flash Facts – March 31
MANUFACTURER NEWS Detroit Diesel recalls 200 employees Detroit Diesel announced Thursday it has recalled 200 workers in recent months to increase production of the Series 60 engine. The 10,000th Series 60, equipped with Exhaust Gas Recirculation, is scheduled to be built in April. Eaton partners with Kongsberg Automotive Eaton Corporation announced on Wednesday a partnership […]
April 2, 2003
Business
War with Iraq could boost U.S. construction industry
The construction industry is one of the few areas of the economy expected to be boosted by the United States’ conflict with Iraq. Construction companies, defense contractors and oil service businesses are likely to benefit from the costs of war and reconstruction. The United Nations Development Program estimates the rebuilding of Iraq to cost $30 […]
March 25, 2003
Business
Developers leasing Army Corps land for free
Ronald W. Howell is like any other developer who is trying to find a way to cut costs. On his latest project, a $10 million marina, golf and cabin complex, his company, StateSource L.L.C., found a loophole that will save the company millions. Howell is the recipient of a 50-year, rent-free lease on 280 acres […]
March 21, 2003
Business
Bush administration invites bids for Iraq reconstruction
In preparation for reconstruction of post-war Iraq, the Bush administration recently invited at least five construction giants to bid on a contract worth up to $900 million. The project would include construction and repairs to roads, bridges, schools, hospitals and mosques. The U.S. Agency for International Development predicts the installation of 550 diesel generators to […]
March 18, 2003
Business
World Trade Center design chosen to commemorate life and loss
The open pit that once held tons of crushed, burning steel and thousands of victims’ bodies at ground zero will now be the centerpiece of a memorial and the design of the new World Trade Center, according to plans announced Thursday. Plans by Daniel Libeskind, a Berlin-based architect, have been chosen by officials overseeing the […]
March 4, 2003
Business
Contractors help clear snow from West Virginia roads
Last week’s blizzard has left many towns in the Northeast questioning who is going to clean up mountains of snow, fallen trees and broken branches. For some states, officials have turned to private contractors for help. In West Virginia, many National Guard troops who normally help clear debris from blizzards were deployed two weeks ago. […]
February 26, 2003
Business
Flash Facts — Feb. 24
MANUFACTURER NEWS Ingersoll-Rand sells Engineered Solutions business to Timken Company Industrial firm Ingersoll-Rand recently completed the $840 million sale of its Engineered Solutions business to The Timken Company. Engineered Solutions included Ingersoll-Rand’s precision bearings and motion-control components and assemblies businesses. Brands affected by the sale include Torrington, Fafnir, Kilian, Nadella and IRB. Manitowoc sells Femco […]
February 26, 2003
Business
Bush budget proposal offers tax relief for contractors
Next year’s tax season may seem a little brighter for many contractors, thanks to President Bush’s proposed budget for 2004. His plan includes several proposals to give tax relief, including a provision that increases the amount of equipment purchases small businesses can write off as expenses. In his proposed budget, Bush wants to increase the […]
February 24, 2003
Business
RSC unveils easier-to-navigate website
Construction equipment rental company Rental Service recently unveiled an updated website, rentalservice.com, in an effort to open communication between the company and its customers. Customers can now use the website to search for used equipment, find local dealers of new equipment, search for RSC locations, browse through clearance merchandise and go to manufacturer links. The […]
February 18, 2003
Business
Briggs & Stratton to focus on construction
Briggs & Stratton introduced its new Commercial Power group at a World of Concrete press conference last week. This new division will have a singular focus commercial engines and services for construction and industrial applications. Product offerings will include both gasoline and diesel engines with ratings from 2.4 to 34 horsepower. Briggs & Stratton introduced […]
February 16, 2003
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