Tag: oems: Page 12

Business

Terex sells large wheel loader line to German manufacturer Atlas Maschinen

Terex has sold all intellectual properties of its large wheel loader line to German manufacturer Atlas Maschinen, according to a report from KHL. The price of the deal was not disclosed. The deal includes the TL160, TL210, TL260 and TL310. Atlas Maschinen has said it will continue the manufacturing of the machines under both the […]

August 20, 2013

Business

Caterpillar details work to reduce waste at Georgia plant

Last week, Caterpillar invited 50 local business leaders to its new small bulldozers and mini hydraulic excavator plant in Athens, Georgia to take in a presentation on how the company is working to reduce waste and its carbon footprint. “Caterpillar has a vision for 2020 to be zero waste to landfill, so we just wanted to present […]

August 19, 2013

Business

John Deere sees record Q3 income of $997 million despite 11% decrease in construction sales

Thanks to higher shipment volumes and an increase in sales within its agriculture and turf division, John Deere reported a jump in income of 26 percent for its third financial quarter. Net income for the company was $996.5 million for the quarter, compared to $788 million for the same period last year. Net sales for […]

August 14, 2013

Business

Caterpillar to lay off 125 workers at Indiana Large Engine Center

Due to slumps in demand and earnings in the first half of this year, Caterpillar has confirmed to the Layfayette, Indiana Journal & Courier that it will lay off 125 workers at the Large Engine Center there. The indefinite layoffs will take effect August 26. About 1,800 employees work at the plant. In a statement to […]

August 8, 2013

Business

CNH 2Q net sales up 9%, operating profit up 26%

Thanks to big increases in agricultural equipment sales, CNH Global saw jumps in both net sales and operating profit in the second quarter. The company reported a year-over-year 9 percent increase in 2Q net sales to $5.5 billion and a 26-percent jump in operating profit from equipment sales to $659 million. Comprising 83 percent of […]

July 31, 2013

Business

Komatsu sees small decline in 1Q net sales, remains confident in stronger outcome for 2013

Decreases in demand for construction and mining equipment in Indonesia and mining equipment in Latin America led to year-over-year declines in both net sales and operating income for Komatsu in the company’s first quarter, which ends March 31, 2014. However, expanded sales of construction equipment and parts in Japan and the Middle East largely compensated […]

July 30, 2013

Business

Despite growth in AWP and cranes, Terex cuts outlook after 2Q operating income falls 51%

Citing a “softened” marketplace compared to what the company originally expected for 2013, Terex Corporation announced year-over-year declines in both net sales and operating income for the second quarter and has cut its outlook for the rest of the year. Net sales for the equipment maker were $1.9 billion in the second quarter, down 5.1 […]

July 29, 2013

Business

Volvo Construction Equipment 2Q sales fall 19%, operating income down 52 percent

Attributing year-over-year declines to “weaker sales, especially in the mining industry,” Volvo Construction Equipment reported its second quarter results with no change to its outlook for the rest of the year. The company reported operating income of $203.8 million (SEK 1.324 billion). That’s a 52 percent decrease from the $422.2 (SEK 2.742 billion) million brought […]

July 26, 2013

Business

Caterpillar sees second quarter profits fall 43 percent, cuts outlook

Caterpillar reported $14.621 billion in sales and revenues for the second quarter of this year with $960 million in profit. Both numbers are down significantly from last year due to a slump in mining demand, as they were in the first quarter, and the heavy equipment manufacturer has again cut its outlook for sales and […]

July 25, 2013

Business

Bobcat completes $6.5 million renovation of Bismark facility

Bobcat Company has completed a $6.5 million renovation at its Bismark, North Dakota, production facility. The updated facility has 350,000 square feet of floor space and an additional 36,000 square feet of office space, improving Bobcat’s attachment production process flow. Other factory operations include engine assembly, kitting and sub-assembly, parts control, warehousing and some compact […]

June 28, 2013

Business

CNH board to hold final vote on Fiat Industrial merger July 23rd

CNH announced today that its Board of Directors will hold the final vote concerning the pending merger with Fiat Industrial on July 23. Fiat Industrial, which owns 87 percent of CNH’s outstanding shares has committed to vote in favor of the merger. The news comes about three and half months after CNH’s Board of Directors […]

June 4, 2013

Business

Bloomberg profile of Caterpillar CEO focuses on gap between profits and worker pay

Bloomberg Businessweek recently profiled Caterpillar CEO Doug Olberhelman, pulling very few punches in the process. The profile refers to Olberhelman as a man with a “serious demeanor” and calls him the “mouthpiece” of American manufacturing. It details his work to loosen trade restrictions, lower the corporate tax rate and increase infrastructure spending, as well as his […]

May 20, 2013