Tag: oems: Page 4

Business

Latest round of Caterpillar layoffs hits Pontiac fuel systems plant

After laying off nearly 200 workers at its East Peoria plant last month, Caterpillar has announced another wave of cuts, this time at its Pontiac, Michigan, plant. According to a report from the Peoria Journal Star, Cat will place 35 full-time employees at the plant, which manufactures fuel systems, on indefinite layoff and will fire another 10 […]

July 8, 2015

Business

John Deere to call back some laid off workers to Waterloo plant

John Deere has announced that it will ask between 50 and 60 workers laid off earlier this year at its Waterloo, Iowa, plant  back to work. According to a report from the Waterloo Cedar Falls Courier, the callbacks will be made based on seniority and many of the workers receiving calls are likely working at other Deere […]

June 25, 2015

Business

Caterpillar to lay off another 170 workers at East Peoria plant

Caterpillar has announced it will lay off an additional 170 workers at its East Peoria, Illinois, plant where the company manufactures mining and construction equipment. According to a report from Peoria Journal Star, the company announced the layoffs in consecutive weeks. A cut of 120 workers from the plant was announced last week and the reduction […]

June 24, 2015

Dealers

JCB, Douglas Dynamics earn honors; Kenworth, Fecon add locations in the latest Dealer and Manufacturing News Roundup

Skyjack machines tee up for charity in Miami Skyjack scissor lifts and booms were on hand at the BEA and Action Rentals’ Second Annual Golf Tournament, held on March 16 in Miami. The daylong event, held at Miami International Links in the Melreese Country Club, included golfing and a silent auction. This was Skyjack’s second […]

June 23, 2015

Dealers

JLG acquires Power Towers, a new Atlas Copco sales VP and Kenworth dealer relocations all in the latest Dealer and Manufacturing News Roundup

JLG acquires UK-based Power Towers JLG Industries has acquired Power Towers, a low level access equipment manufacturer based in Leicester, UK. Power Towers, founded in 2007, offers 7 self-propelled and push around lift models, some rated for outdoor use. The company employs 30 people, all of whom have been retained through the acquisition. With the […]

June 8, 2015

Business

John Deere sees slight uptick in construction sales but profits fall 30% as ag slowdown continues

Construction and forestry equipment sales are the only bright spot for John Deere, albeit a dim one, as the heavy equipment manufacturer continues to see profit and sales declines due to the global slowdown in agricultural equipment demand. The manufacturer reported an 18-percent decline in sales during the second quarter to $8.171 billion. Profit fell […]

May 26, 2015

Construction Equipment

Nominations due June 5th for AEM Hall of Fame

Do you know of someone in the construction industry who has made a significant contribution to the construction industry? Then there’s only a few weeks left to nominate that person to the Association of Equipment Manufacturers’ Hall of Fame. AEM is looking for nominees from several sectors of the industry—including manufacturers, contractors, dealers and rental […]

May 12, 2015

Business

Terex sales drop 9% as 1Q results in a loss

In its earnings report for fiscal year 2014 in which the company reported a big 27-percent profit increase, Terex cautioned investors that it expected a drop in sales during a more challenging 2015. The change is already taking hold. During the first quarter of 2015, the company reports a 9-percent drop in sales to $1.5 […]

May 4, 2015

Business

Volvo CE sees demand in China cut in half, profit plunges 46% in 1Q

Citing weak demand in China, where sales have been cut in half, Volvo Construction Equipment reported a drop in revenues and a plunge in profit for the first quarter of 2015. For the quarter, which ended March 31, total sales at Volvo CE fell 5 percent to 12.7 billion SEK ($1.5 billion). A major drop […]

April 28, 2015

Business

Despite uptick in sales, Komatsu sees fiscal year 2014 profit fall 3.5%

Increased sales in developed countries combined with the depreciation of the Japanese yen against the dollar were able to boost Komatsu’s sales numbers in fiscal year 2014, but not enough to stave off a dip in profit. According to the company’s earnings report for fiscal year 2014, ending March 31, net sales increased 1.3 percent […]

April 27, 2015

Construction Equipment

Perkins discusses “Tier 5” planning, impact; announces new engine to be built in US

British engine manufacturer Perkins, is meeting with customers and media although not exhibiting at Intermat this year. At least not in the conventional sense. Perkins has created a “virtual” stand or booth for the show that demonstrates all their products and technology. So even if you don’t make the jump over the pond to Paris […]

April 20, 2015

Business

Caterpillar to cut 250 jobs from Indiana engine plant

Caterpillar has announced that it will cut 250 workers from its Lafayette Engine Center in Indiana. According to a report from WLFI TV, the company will lay off 50 full-time workers from the plant and another 200 workers employed through staffing agencies. Caterpillar told the station, “a decrease in orders for engines that support the oil and […]

April 9, 2015