Tag: manufacturers: Page 3

Business

Report: Senate panel investigating Caterpillar for avoiding taxes

A U.S. Senate panel that has investigated Microsoft, Hewlett-Packard and Apple for avoiding paying federal taxes has now turned its attention to Caterpillar, according to a report from Bloomberg. The panel is investigating whether Caterpillar shifted profits overseas to avoid paying taxes, the report says, citing three anonymous sources. In early April, the Senate’s Permanent Subcommittee […]

March 27, 2014

Construction Equipment

OEMs used ConExpo to preview what will be the most revolutionary decade in the history of heavy equipment and truck technology

As ConExpos go, the 2014 show was a welcome shot of enthusiasm for the construction industry. But it was a short quote from Doug Oberhelman, CEO of Caterpillar, that I think set the tone and the goals for the next decade in the heavy equipment business. Oberhelman was talking to the press about the completion […]

March 24, 2014

Business

Caterpillar opens $14.8 million expansion to large engine plant in Mississippi

This past weekend, Caterpillar held a ribbon-cutting ceremony for the opening of a $14.8 million expansion at its large engine manufacturing plant and warehouse in Corinth, Mississippi. Cat makes the C175 engine at the Corinth plant. The 42,000-pound, 20-cylinder, 4,000-horsepower engine is used for power generation and in mining equipment. The newly-opened expansion will house the […]

February 17, 2014

Business

LiuGong North America says 2013 was a record breaking year

Although it released no numbers, LiuGong North America says the fourth quarter of 2013 was record breaking, “making 2013 the most profitable year with four consecutive profitable quarters since North American operations began in 2008.” The company also says it has a record number of orders going into the first quarter of this year. LiuGong […]

January 30, 2014

Business

Profits drop 33% in 2013, but Caterpillar’s better-than-expected 4Q provides momentum for ’14

Caterpillar released its fourth quarter and full-year financial results for 2013 this morning, with numbers that were better than expected by Wall Street analysts. The heavy equipment manufacturer’s profits were $1 billion in the fourth quarter, an increase of 44 percent from 4Q 2012. That increase is mostly due to the $580 million impairment charge […]

January 27, 2014

Business

Manitou Group appoints Michel Denis president and CEO

The Manitou Group board of directors today named Michel Denis as the group’s new president and chief executive officer. Denis replaces interim president and CEO Dominique Bamas who was appointed to the position in March 2013. Bamas’ resignation was amicable and in accordance with agreements made with the board to step down once a permanent […]

January 7, 2014

Construction Equipment

JCB appoints Mirdha CEO of North American operations as veteran Patterson retires

JCB has named Arjun Mirdha as the new President and CEO of the company’s North American operations. Mirdha replaces industry veteran John Patterson who has retired after 43 years with the company. Patterson has led the company’s North American unit since 2008 as Chairman and CEO. Patterson will remain as Director of the JCB Group and […]

January 5, 2014

Business

JCB’s $244 million expansion plan will create 2,500 jobs in UK

Two new factories and a large expansion are in the plans for JCB as part of a $244 million plan that will create 2,500 jobs in the United Kingdom. The expansion plan will take place over a five year period and will be a huge boost for the county of Staffordshire where each of the […]

December 12, 2013

Business

Sany America names Mike Rhoda its new CEO

Mike Rhoda has been named chief executive officer of Sany America, replacing Tim Frank, who resigned in October. Rhoda has a broad construction equipment industry resume, including stints as chief technology officer at Doosan Infracore Construction Equipment, president and CEO of Volvo Construction Equipment’s excavator line, and senior management positions at Ingersoll-Rand. In a statement […]

December 10, 2013

Business

The latest in a string of closings, Caterpillar to shutter Virginia mining equipment plant, lay off 240 workers

The decrease in demand for mining equipment is still hurting Caterpillar as the company has announced plans to close another mining equipment plant and lay off an additional 240 workers. The Pulaski, Virginia plant manufactures coal haulers and other equipment and is slated for shutdown by mid-2014, according to a report from Reuters. The announcement is […]

November 18, 2013

Business

JCB donates $500k worth of backhoes, generators to Philippines typhoon recovery efforts

JCB has announced that it will send more than $500,000 worth of heavy equipment and generators to aid in the recovery efforts in the wake of the typhoon that hit the Philippines. Typhoon Haiyan hit the Philippine coast on Friday and swept across six of the country’s islands, displacing millions. The initial death toll estimate was […]

November 14, 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