Flash Facts — April 7


International announces plans to close plant
International Truck and Engine Corp. plans to close its Chatham, Ontario, assembly plant on July 18 in an attempt to reduce company costs. The closure affects approximately 2,200 employees at the plant. Production of International’s 9000i Series Class 8 trucks will be moved to the company’s assembly plant in Escobedo, Mexico.

Terex, Manitowoc, JLG make presentations
Terex, Manitowoc and JLG made presentations at the Deutsche Bank Securities 2003 Basic Industries Conference on April 1. Terex CEO Ron DeFeo, Manitowoc Chairman Terry Growcock and JLG Chairman Bill Lasky discussed market dynamics, company expectations and growth opportunities. To see the recorded broadcast from the conference, visit www.cib.db.com/conferences/basics03/.

Link-Belt makes distributor changes
Link-Belt recently appointed a new distributor, SELCO Equipment Sales of New Brunswick, Canada. SELCO will provide crane sales and service for New Brunswick and the surrounding area while providing territory expansions for existing distributors Atlantic & Southern Equipment and Mardian Equipment.

Nikon, Trimble merge surveying companies
Nikon Instruments announced a plan March 28 to form a strategic joint operation with Trimble Navigation for production and distribution of surveying instruments. Nikon and Trimble will equally own their joint company, Nikon-Trimble Co., Ltd. The company will begin operating June 1 and will be headquartered in Tokyo, Japan. Nikon will stop distribution and service of surveying products May 31, when Trimble will take over those responsibilities for U.S. and Latin American markets.


AEM appoints vice president of expositions
The Association of Equipment Manufacturers has announced the placement of Kenneth Snover as vice president of expositions. As part of his position, he will be responsible for the association’s expositions, education and membership departments. Snover will also oversee AEM’s trade show activities as co-owner and co-producer of CONEXPO-CON/AGG international construction and construction materials exposition, and owner/producer of the International Construction and Utility Equipment Exposition.

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