Tag: manufacturers: Page 5

Business

CNH reports increased first-quarter profits and sales despite sharp decline in construction equipment

Equipment manufacturer CNH Global announced its first-quarter financial results this morning with the positive news of increases in both sales and operating profits. During the first three months of the year, CNH saw sales of $4.7 billion, an increase of 1 percent over the $4.64 billion the company reported last year at the same time. […]

April 30, 2013

Business

Terex sees increased operating profits despite first-quarter sales falling 5.3%

In the first quarter of the year Terex saw net sales drop 5.3 percent from the same period last year to $1.7 billion. Nonetheless, the company saw an increase in operating profits. After deducting operating costs, Terex profits were at $68.4 million the first quarter. That’s a 7 percent increase from the $63.8 million in […]

April 25, 2013

Business

Terex CEO discusses roadbuilding sale at Bauma, says company “not looking to be another Cat or Volvo”

Today at Bauma, Terex Chairman and CEO Ron DeFeo gave the press a briefing on where the company currently stands and where it wants to go in the future. While the company was built on acquisitions in the past—most recently Demag cranes in Germany—DeFeo said that he’s not at the show on a shopping expedition. Asked […]

April 17, 2013

Business

First employees move into new Caterpillar plant in Georgia

This week, the first 55 employees moved in to Caterpillar’s brand new facility in Athens, Georgia, reports to the Athens Banner-Herald. The 850,000-square-foot facility, which received kudos  in President Barack Obama’s address, shifts the assembly of its small bulldozers and mini hydraulic excavators from Sagami, Japan to Athens. Ground broke for the new facility just one […]

March 15, 2013

Business

WSJ: Sany shrugs off low sales, says it can be no. 1 equipment manufacturer

After building a $60 million facility in Atlanta, Sany is still waiting for its U.S. investment to pay off. But it still has high hopes, according to an interesting profile of the company done by the Wall Street Journal. The WSJ profile describes the loads of extra space in the company’s office building and warehouse […]

January 29, 2013

Business

Morbark acquires Boxer Equipment product line

Morbark, a manufacturer of tree care, sawmill, recycling, forestry and biomass chipping and grinding equipment has finalized its acquisition of Boxer Equipment, a product line of Mertz Manufacturing that manufactures and markets compact utility loaders and attachments. As part of the transaction, Morbark has acquired all product designs, intellectual property and manufacturing tools, as well […]

January 2, 2013

Construction Equipment

JCB at full skid steer production capacity

The Savannah Morning News on Sunday called JCB’s retooling a “resounding success”  noting that JCB’s Pooler plant — located near Savannah–is now at full skid steer production capacity. The facility has rebounded from the recession, when it laid off more than 200 people.     The newspaper reports the company is producing 25 machines a […]

May 29, 2012

Technology

ITT buys Godwin Pumps

ITT has purchased privately-held Godwin Pumps, which manufactures a line of automatic self-priming portable pumps. The $585 million transaction is expected to close in the third quarter of 2010. Gretchen McClain, president of ITT’s Fluid and Motion Control group, calls the acquisition “a great complement to our existing fluid technology portfolio, and is expected to […]

June 29, 2010

Roadbuilding

ITT buys Godwin Pumps

ITT has purchased privately-held Godwin Pumps, which manufactures a line of automatic self-priming portable pumps. The $585 million transaction is expected to close in the third quarter of 2010. Gretchen McClain, president of ITT’s Fluid and Motion Control group, calls the acquisition “a great complement to our existing fluid technology portfolio, and is expected to […]

June 24, 2010

Construction Equipment

Terex sells two products

Following the selling of its mining line to Bucyrus in December, another division of Terex has announced product divestitures. The Terex Aerial Work Platform segment of Terex announced today it would sell its generators to Cummins Power Generation, and its power buggies to Indy Equipment, an equipment dealer based in Independence, Ohio. According to Terex, […]

January 26, 2010

Business

Terex may divest of some construction equipment lines

By early 2010 Terex chairman and CEO Ron DeFeo says he will have decided which of the company’s equipment lines he will keep and which will be sold. Key quote from an investors conference: “We’ve never really demonstrated the ability to be meaningfully profitable in this business,” DeFeo said during a JPMorgan investor conference in […]

January 11, 2010