Tag: oems: Page 14

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

Business

Caterpillar CEO: Growth, immigration and tax code reforms key to job creation in U.S.

After receiving a mention during President Barack Obama’s State of the Union address, Caterpillar’s CEO Doug Olberhelman was invited to share his thoughts on the U.S. economy and job creation on CNBC’s Squawk Box. Olberhelman said he was “surprised” but “happy” to hear Obama’s kudos for bringing jobs back into the country from Japan. And […]

February 14, 2013

Business

Little change in Volvo Construction Equipment net sales for 2012

Volvo Construction Equipment (Volvo CE) has released its fourth quarter and year­-end results, which report net sales for 2012 remained the same as 2011, as well as a 15-­percent share in the Chinese wheel loader and excavator segment in 2012. Volvo CE also reported 78,491 machine sales for the year, the company’s second best ever […]

February 6, 2013

Bauma

Pre-bauma coverage: Are American equipment operators tougher than European counterparts?

This is probably something that should be debated at more length than this, but here are a few questions for you: (a) Are American equipment operators tougher than their European counterparts or (b) Do they accepted that their job means tough working conditions? I ask only because here in Munich at the bauma pre-media days […]

January 30, 2013

Bauma

Engines at bauma: Fuel efficiency and meeting stringent regs

Talking to engine manufacturer reps here at the pre-bauma media dialogue in wintry Munich,  I get the impression that at the big event in April one of the most fascinating and potentially volatile sub-events will be the battle for market share as green regulations continue to push original equipment manufacturers (OEMs). From the biggest engines […]

January 30, 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 reports record sales, revenues, profits for 2012, despite Siwei charge

Despite continued economic uncertainty and a bad fourth quarter due to a $580 million charge taken after uncovering an accounting scheme at a Chinese unit, Caterpillar today reported all-time record sales, revenues and profit per share in 2012. Sales and revenues were up 10 percent from 2011 at $65.9 billion while profit per share was […]

January 28, 2013

Business

Morbark acquires Boxer Equipment product line

Morbark, a manufacturer of tree care, sawmill, recycling, forestry and biomass chipping and grinding equipment has finalized its acquisition of Boxer Equipment, a product line of Mertz Manufacturing that manufactures and markets compact utility loaders and attachments. As part of the transaction, Morbark has acquired all product designs, intellectual property and manufacturing tools, as well […]

January 2, 2013

Construction Equipment

Earnings report: Cummins, sweet dividend, flat market

Cummins, earnings, trucks, power generation, investments, Cat, Deere, GE

July 12, 2012

Workforce

Perkins to build engines in India

Starting in 2013, Caterpillar subsidiary Perkins will manufacture 4000 Series engines at a new plant to be built in India. Initially, the facility to be located in Shendra industrial area in Aurangabad will turn out up to 3,000 engines per year, says Perkins, adding that capabilities for future expansion can increase output to 5,000 units. […]

March 13, 2012

Equipment

Maintenance

TIER 4 ENGINES The kind of engine you get in equipment for the next few years will depend on a complex matrix of credits the EPA offers to OEMs. By Tom Jackson While the compliance dates for Tier 4 Final engines are staggered from 2008 to 2015, the majority of the engines used in off-road […]

January 27, 2012

Home

Gary Vermeer: the passing of a legend

At the World of Concrete we heard about the passing of Gary Vermeer, the founder of the company that bears his name. You can find a tribute site to him at this link. I never met Gary, but I have visited his factory in Pella, Iowa, and spent plenty of time with the company’s executives, […]

January 15, 2010