Tag: China: Page 5

Business

Forbes: China will drive long term growth at Caterpillar

Despite current challenges the company is meeting in the country, Forbes.com’s Great Speculations blog says China will drive Caterpillar’s long term growth. The blog points out the high interest rates in the first half of 2012 that impacted Cat. Then there are the recently-announced steps the Chinese government is taking—such as a 20 percent capital […]

March 18, 2013

Home

30-story building built in 15 days

It’s easy to see why the time-lapse video below has garnered 5.4 million views on YouTube. In it, you see the full extent of a 15-day project of a 30-story hotel in China, built by the sustainable building company Broad Group. Almost like putting together a set of Legos. [youtube Hdpf-MQM9vY nolink]

February 27, 2013

Business

Hitachi restores excavator production in China

After shutting down operations for half a month last year at its excavator plant in the eastern Chinese province of Anhui, Hitachi Construction Machinery is now gradually increasing production there, Bloomberg reports. Chinese construction equipment sales fell 19 percent in 2012 to $32.3 billion, according to Bloomberg data. Like Komatsu, who a few days ago spoke […]

February 21, 2013

Business

Komatsu forecasts rebound of demand in China

Despite having seen sales in China fall for seven consecutive quarters, Komatsu President Kunio Noji told Bloomberg the company expects Chinese demand to increase between 5 and 10 percent in 2013. “Our company will see an immediate earnings improvement once demand recovers because we don’t have any excess stockpiles and are able to speed production,” […]

February 18, 2013

Construction Equipment

First Ritchie Bros. equipment auction in China to be held April 18

Ritchie Bros. Auctioneers will hold its first unreserved public auction in China on April 18. The company made the official announcement Friday morning. It has started receiving its first consignments including an unused 2010 Kata HD820V hydraulic excavator; a 2009 Caterpillar 320D-E hydraulic excavator; and a 2007 Caterpillar D7G Series II crawler tractor. Ritchie Bros. […]

February 1, 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

Caterpillar uncovers accounting misconduct at Chinese mining unit, ousts several managers

Caterpillar announced Friday that it had uncovered a “deliberate, multi-year, coordinated” accounting scheme at Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., a subsidiary of ERA Mining Machinery Limited which it purchased for $734 million last June. Cat says it was alerted to irregularities in the Chinese unit’s bookkeeping when a review of Siwei’s physical inventory […]

January 19, 2013

Business

Caterpillar opens two more factories in China

Caterpillar announced this week that it has opened two new factories in China. One of the new facilities is a proving ground and the other is a wheel loader manufacturing facility. It’s an expansion of Cat’s presence in China and the Asia Pacific Proving Ground facility will serve as a hub for validation and product […]

January 11, 2013

Home

World’s tallest building will be modular, built in 90 days

Modular design will soon enjoy its shining moment when a 220-story modular building is constructed in Changsha, China. The amazing part about this building’s construction is that it will be complete in only 90 days, according to ModSpace. Known as Sky City, the tower will be built by Broad Sustainable Building, a subsidiary of China’s […]

December 10, 2012

Home

Ritchie Bros. to hold first auction in China in Spring 2013

Ritchie Bros. Auctioneers says it has become the first foreign auction company to achieve the status of a Wholly Owned Foreign Enterprise from the Chinese government and will hold its first auction in that country in the Spring of 2013. The company says it has taken “a number of years” of working with the Chinese […]

November 28, 2012

Construction Equipment

Sany Heavy Industry ranks 85 among Forbes’ Most Innovative Companies

Forbes magazine has ranked Sany number 85 on its 2012 list of the world’s 100 most innovative companies. This is the second year in a row Sany has made the list. Sany Heavy Industry, the publicly traded parent company of Sany America, was one of seven China-based companies to make the Forbes Top 100 list […]

September 19, 2012

Technology

Topcon celebrates 80 years in business

Topcon celebrated its 80th anniversary on September 1. Since 1932, the Tokyo-based company has become an affiliate with Toshiba, expanded in Europe and America and began producing and selling GPS-related products, among other endeavors. The company has technology centers in Tokyo; Adelaide, Australia; Moscow, Russia; Concordia, Italy; Livermore, California; and Columbus, Ohio. Topcon’s most recent accomplishments […]

September 5, 2012