Tag: oems: Page 11

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

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

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

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

Business

Despite increase in 3Q operating income, Terex edges down outlook after slight decrease in sales

Following a rough second quarter, Terex announced today that despite a decrease in net sales over the same period last year, it saw improvement in operating income in the third quarter. Terex reported net sales of $1.810.6 billion in the third quarter, down 0.6 percent from $1.822.0 billion in the third quarter of 2012. Operating income […]

October 24, 2013

Business

Caterpillar 3Q profits down 44%, cuts outlook for 2013 once more

Caterpillar is reporting another down quarter due to decreased mining demand with third quarter sales and revenues down 22.5 percent and profits down 44 percent from last year. The company announced today third quarter sales and revenues of $13.423 billion, down from $16.556 billion in the third quarter last year. Third quarter profits fell from […]

October 23, 2013

Home

Yanmar strengthens alliance with Manitou in purchase of capital and voting rights

Yanmar announced today it has acquired 6.26 percent of the capital and voting rights of Manitou BF, strengthening a 25-year engine alliance and a North American agreement announced this past January. “It is becoming more necessary for each player to have a wide range of product line-up in today’s construction market,” said Takehito Yamaoka, Yanmar […]

October 22, 2013

Construction Equipment

After sale of roadbuilding equipment, Terex to upgrade, repurpose Oklahoma City plant

Following the sale of its roadbuilding equipment to Fayat Group earlier this year, Terex says it will upgrade and repurpose its 700,000-square-foot facility in Oklahoma City to manufacture multiple product lines. A press release issued today, however, offered no details on what Terex products would be manufactured at the facility or specific upgrade plans. Terex […]

October 16, 2013

Technology

Caterpillar granted early access to Google Glass, working on ways to improve interaction with equipment

While we’re pretty sure Google Glass isn’t ready for primetime on jobsites just yet, Caterpillar is working to figure out how best to use the wearable technology in manufacturing and construction. Caterpillar recently announced that it was selected by Google to participate in the Google Glass Explorer program. Brian Stokoe from Caterpillar’s eBusiness division made […]

September 9, 2013

Business

Caterpillar announces retirement of 3 VPs alongside realignments and new Strategic Services Division

Caterpillar on Tuesday announced the retirement of three longtime vice presidents, two division realignments and a newly-created Strategic Services Division. Mike DeWalt has been appointed as the vice president of the new division which will include strategic planning, Mergers & Acquisitions (M&A), investor relations, economics, business risk management and competitive analysis. It’s part of a renewed […]

August 21, 2013

Business

U.S. exports of construction equipment drop 21% in first half of year

Exports of construction equipment manufactured in the United States dropped 21 percent during the first half of 2013, according to a report from the Association of Equipment Manufacturers. Midway through 2012, the U.S. had shipped $13.7 billion worth of equipment to global markets. At the midway point this year, only $10.8 billion had been shipped. […]

August 21, 2013