Tag: oems: Page 13

Business

Caterpillar names Peoria baseball stadium “Dozer Park”

In what has to be one of the most unique names for a ballpark to date, Caterpillar has named the baseball stadium in its hometown of Peoria, Illinois  “Dozer Park,” according to a report from the town’s paper the Journal Star. The ballpark is the home of the Peoria Chiefs minor league baseball team, a farm […]

May 13, 2013

Business

Hyundai Construction Equipment Americas names Seok Myung Yoon president and CEO

Hyundai Construction Equipment Americas named Seok Myung Yoon its new President and CEO Wednesday. Yoon, known by most as Sam, comes to the company’s American construction equipment division from its parent company Hyundai Heavy Industries. Yoon will be making the move from HHI’s Brazil division to Norcross, Georgia where the American construction equipment division is […]

May 8, 2013

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

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

Astec Industries taps Benjamin G. Brock to succeed father as CEO

Astec Industries announced that it will tap Benjamin G. Brock as the company’s next CEO and President. Brock is the son of Dr. J. Don Brock, the current CEO. J. Don Brock will continue to serve as the Executive Chairman of Astec’s board of directors. Meanwhile, Richard J. Dorris will become the company’s Chief Operating […]

March 12, 2013

Technology

Tablets, cloud services assist construction equipment manufacturers in field and on factory floor

In today’s highly automated world of manufacturing there is a new force entering the scene for construction equipment manufacturers—mobility. From tracking and monitoring production assets to insuring uptime, mobility has made its entrance via the iPad and is making sweeping changes in managing today’s complex manufacturing assets. Today we have technology that allows maintenance techs […]

March 8, 2013

Business

Cummins, Lincoln Electric named among Best Companies in America

The Motley Fool has released its annual list of the 25 Best Companies in America and two construction-related companies not only made the list, but are in the top 10. Cummins was named the no. 1 best company in America. The Fool praised the company for for aggressively cutting greenhouse gas emissions by 28 percent […]

March 1, 2013

Business

Caterpillar will cut 1,400 jobs at Belgian excavator plant

Caterpillar is planning to cut more than one-third of the 3,700 employees at one of its largest European facilities, Reuters reports. The company will cut 1,400 jobs at its facility in Gosselies, Belgium due to high costs and the weakened European economy. The plant manufactures hydraulic excavators, loading vehicles and engine parts. In the past five […]

February 28, 2013

Business

Growth slows in U.S. exports of construction equipment

After enjoying surges of 43 percent in 2011 and 28 percent in 2010, growth in U.S. exports of construction equipment slowed in 2012 to 13 percent, according to the Association of Equipment Manufacturers. Construction equipment exports grew to $26.7 billion in 2012. Despite the slowing in growth, things are much better now than they were […]

February 27, 2013

Business

CNH Board of Directors approves merger plan with Fiat Industrial

The CNH Global board of directors have approved the company’s merger plan with Fiat Industrial. The board met February 25 and approved the plan for merging into a NewCo with and as a subsidiary of Fiat. The merger was initially agreed to by CHN back in November. NewCo is a name typically given to startups or merged companies before […]

February 27, 2013

Business

Caterpillar dealer sales fall 4% in fiscal Q1

Caterpillar recently reported that it saw worldwide dealer sales fall 4 percent in the three months ending January 31. According to a Securites and Exchange Report reviewed by the Chicago Tribune, the company saw sales decline 11 percent in North America and 12 percent in the Asia/Pacific Region. Sales in Latin America were up 3 […]

February 25, 2013

Business

Liebherr promotes Ana Cabiedes-Uranga to marketing and communications manager

Liebherr Construction Equipment has promoted Ana Cabiedes-Uranga to marketing and communications manager. Cabiedes-Uranga will be responsible for planning, implementing and communicating the company’s marketing efforts. In her previous position as trade show & event manager, Cabiedes-Uranga was responsible for the planning and managing all Liebherr Construction Equipment events. She worked with senior management to develop […]

February 21, 2013