Tag: business: Page 60

Business

Mike Ballweber named president of Doosan Portable Power

Doosan has announced that Mike Ballweber is the new president of Doosan Portable Power. Ballweber, who is being promoted from vice president of product management in the North America and Oceania regions of Doosan Infracore Construction Equipment (DICE), replaces former president Shawn Sweet. “Mike’s leadership and extensive knowledge of the market will have a positive impact […]

November 10, 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

Doosan names Scott Park as next CEO of DICE

Doosan today announced that Scott Park will be replacing Tony Helsham as the president and CEO of Doosan Infracore Construction Equipment (DICE). Helsham is retiring in February. Since early last year, Park has held the position of Global Vice President of Strategy, Manufacturing Strategy and Total Quality Management (TQM) for DICE. The company says Park […]

November 5, 2013

Business

Ritchie Bros. boosts revenues, doubles profit in 3Q

Ritchie Bros. Auctioneers announced today a sizable gain in revenues in the third quarter and a huge profit increase. The company brought in auction revenues of $105.8 million. That’s a 15-percent increase from the same period last year. Meanwhile, profit grew 101 percent to $16.4 million. When excluding the after-tax effects of excess property sales and […]

November 5, 2013

Business

U.S. equipment rental revenues forecast to grow 6.5% in 2013, show strong growth through 2017

The American Rental Association’s forecast for equipment rental revenue in the U.S. remained basically the same after its third quarter update. The ARA Rental Market Monitor expects equipment rental revenue to grow 6.5 percent in 2013 to $33.3 billion. Earlier this year that mark was set slightly higher at $33.5 billion. The small revision aside, […]

November 4, 2013

Business

Hanley Wood, Intermat partner to create World of Concrete Europe

World of Concrete is coming to Europe. Today, Hanley Wood, the organizer of World of Concrete, and S.E. Intermat, the owner and organizer of the Intermat trade shows, announced a partnership to bring the World of Concrete trade show to Europe. The European show will be the third World of Concrete event, joining World of Concrete […]

November 4, 2013

Business

CNH Industrial revenues dip slightly, profit drops 15% in 3Q

CNH Industrial has announced its first quarterly results as a newly-merged company with revenues and profits down from the same quarter last year. The merger between CNH and Fiat Industrial into the new company was completed on September 29, 2013. The company reports group revenues of €6.217 billion ($8.4 billion), down 1.5 percent from third quarter […]

November 4, 2013

Business

In campaign to end the skilled worker shortage, Mike Rowe unafraid of reaching into both sides of the aisle

As part of his Profoundly Disconnected campaign to make students and, really, the country in general, aware of the opportunities and good money available to those who choose a career in the trades, Mike Rowe has been making a lot of appearances lately. A little while back he appeared on Bill Maher’s HBO show “Real […]

October 30, 2013

Business

Cummins sees slight bump in 3Q profits, but cuts outlook due to lower earnings

Despite lower earnings compared to the same quarter last year, Cummins reported a slight increase in third quarter profits thanks to improved revenues and cost reduction measures. “Material cost savings, productivity gains and lower warranty expenses all contributed to the improvement,” Tom Linebarger, Cummins chairman and CEO, said in a prepared statement. The company reported […]

October 30, 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

3 smart strategies to try in your construction business from a successful landscaper

We’ve all heard stories of unconventional entrepreneurs taking the path less traveled to success. The challenge lies in finding practical ways to apply alternative strategies to your own business. Terry Sims of the Garden Artist in Boise, Idaho, has taken her landscape design firm to the top of her field using smart strategies. And though […]

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