Tag: China: Page 6

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Sany opens facility in China

Sany has opened a new excavator factory near Shanghai, China, which can produce an excavator every five minutes. The $818.5 million facility, which uses a computerized production-management system, is located at the 10.7 million-square-foot Lingang Industrial Park with 5.9 million square feet of manufacturing space. The facility features 43,000 square feet of gardens, reflection pools, […]

August 29, 2012

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Volvo increases Deutz shareholding

Volvo has signed an agreement with Deutz to increase their shareholding from 6.7 percent to more than 25 percent, making Volvo the single largest Deutz shareholder. Volvo bought approximately $163 million shares from Same Deutz-Fahr Group (SDF), paying just over $7 per share. Once the transaction is complete, SDF will own 8.44 percent of shares […]

June 19, 2012

Roadbuilding

Lattatudes

The show left no doubt that the global market for construction equipment is a huge factor in what happens right here at home.

May 7, 2012

Roadbuilding

China builds up and builds fast

In the transportation infrastructure industry we know that China is outspending and outbuilding us, making future trade competitiveness a scary nothing to consider. But how about this simple single sentence to help us put just how far we are falling into perspective: A new skyscraper is built every five days in China and by 2016 […]

June 8, 2011

Roadbuilding

That has to be a safety violation

We know the Obama administration wants to build bike paths and nature trails and the like, and we we know this sort of work will create jobs.  Here’s an example of how not to do it. Although, it will probably get done.

May 4, 2011

Business

Terex opens manufacturing facility in China

Drummers and dragon dancers dazzled attendees celebrating the official grand opening of the new Terex Aerial Work Platforms Changzhou manufacturing facility, located in a business park close to Shanghai, China. The new Terex facility, built to serve as the product development, parts distribution and service center for China, is approximately 260,000 square feet. It is […]

March 16, 2011

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Volvo’s fourth-quarter profits boost 2011 forecast

Volvo AB reported a fourth-quarter profit that boosted its 2011 truck-delivery forecast by 10 percent. Their fourth-quarter net income was about $500 million, compared with a loss of $308 million a year earlier. Volvo’s revenue rose 23 percent to $11.3 billion, and they delivered almost 57,000 trucks in the quarter – 49 percent more than […]

February 8, 2011

Construction Equipment

Deere to build new equipment plant in China

Deere says it will invest $50 million in a new manufacturing plant in China to make construction equipment. The new plant in Tianjin will produce four-wheel-drive loaders and excavators. It will be the Moline, Illinois, company’s sixth manufacturing plant in China, and it will be near an existing John Deere factory that makes tractor components. […]

December 20, 2010

Roadbuilding

Producer Price Index is on the rise in November

The Producer Price Index for finished goods rose 0.8 percent in November, reports the U.S. Bureau of Labor Statistics. This increase followed a 0.4 percent advance in October and September. Manufacturers’ prices of intermediate goods climbed 1.1 percent, and the crude goods index moved up 0.6 percent. Finished goods’ prices rose 3.5 percent for the […]

December 15, 2010

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Caterpillar to open new facility in China

Caterpillar plans to expand its manufacturing presence in China to further position the company to meet growing customer demand in China. The company will produce mini hydraulic excavator models in the under 8-ton range at the new facility in Wujiang. The facility will be part of Caterpillar’s Building Construction Products Division, which has manufacturing operations […]

October 5, 2010

Construction Equipment

Cat boosts outlook based on quarterly results

Prompting a more optimistic forecast for 2010 as a whole, increased production helped fuel a 91-percent year-over-year hike in second-quarter profit for construction equipment manufacturing giant Caterpillar. “We’ve been highly focused on three things this year – significantly increasing production in response to higher demand from our customers particularly in developing economies, aggressively managing costs […]

July 28, 2010

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Cat increases China excavator production

Cat will expand its plant in Xuzhou, China, and will acquire Xuzhou Construction Machinery Group’s 15.87 percent ownership in Caterpillar Xuzhou Limited, a joint venture with the Chinese company initially established in 1995. When the acquisition is complete, CXL will be a wholly-owned Caterpillar company. Once the CXL excavator expansion plans are completed in 2014, […]

June 28, 2010