Tag: oems: Page 7

Business

Komatsu sees slight boost in sales and profit during 1Q

Komatsu announced today increases in both sales and profit during the company’s first quarter ending June 31. The company reported net sales of $4.5 billion (460.2 billion Japanese yen), up 1.1 percent from the first quarter of 2013. Operating income rose 21.1 percent to $621.7 million (63.4 billion Japanese yen). Profit for the company rose […]

July 29, 2014

Business

Terex sees big profit increase as AWP and MHPS segments boost sales

In its latest earnings report, Terex announced increases in both sales and profit during the second quarter of the year. The company’s net sales increased to $2.05 billion, up 10.4 percent from the second quarter of 2013 again mainly due to strong performances from the company’s Aerial Work Platform and Material Handling and Port Solutions (MHPS) […]

July 25, 2014

Business

Caterpillar profit up 4% in 2Q despite decline in sales; improves full-year forecast

Despite a dip in sales and continued soft demand for mining equipment, Caterpillar today announced a 4-percent increase in profit during the second quarter. The company today announced profits of $999 million, or $1.57 per share, for the second quarter ending June 30. That’s up 4 percent from the $960 million earned during the same […]

July 24, 2014

Business

Sales slump in China offsets gains elsewhere as Volvo CE operating income falls 43% in 2Q

After kicking the year off with a sales boost and 29-percent increase in operating income during the first quarter, things cooled off considerably for Volvo Construction Equipment during the second quarter. Volvo CE saw slumping demand for equipment in China hurt its bottom line considerably with a 43-percent year-over-year decrease in operating income to $109.5 […]

July 21, 2014

Business

Cummins taps Rich Freeland president and COO, Dave Crompton president of engine business

Cummins today announced that it has named Rich Freeland president and chief operating officer of the company. Freeland will focus on the company’s daily operations and report to company chairman and Chief Executive Officer Tom Linebarger. Freeman is a veteran at Cummins having joined the company in 1979. Prior to his selection as company president, […]

July 9, 2014

Dealers

Contractor stresses importance of parts and service, tells equipment manufacturers: “You’re only as strong as your weakest dealer”

Edgar Butsch, director of equipment operations, M.A. Mortenson Company, Minneapolis, had some kind but blunt words for equipment manufacturers attending the Association of Equipment Manufacturer’s Marketing Council Seminar last week. “You’re only as strong as your weakest dealer,” said Butsch, who oversees seven equipment shop and yard facilities for Mortenson, a diverse national construction firm. “We […]

June 30, 2014

Business

Exports of U.S.-made construction equipment fall 18.8% in 1Q; Africa region accounts for only gains

Exports of construction equipment made in the U.S. fell 18.8 percent between first quarter 2013 and first quarter 2014, according to analysis of Commerce Department data by the Association of Equipment Manufacturers. Construction equipment exports fell to $4.292 billion during the first quarter with nearly all global regions recording either high-single or double-digit losses. The […]

June 11, 2014

Business

Caterpillar to close 3 Illinois component plants, move work to Michigan

Caterpillar has announced that it will close three of its plants in Illinois in order to consolidate the work at a single plant in Michigan. The plants are all facilities of Anchor Coupling, a wholly-owned subsidiary of Cat that manufacture or distribute hydraulic hose assemblies used in heavy equipment from Cat and other manufacturers, according […]

June 9, 2014

Construction Equipment

Caterpillar hires former Transportation Sec. Ray LaHood

Caterpillar has hired former Transportation Secretary Ray LaHood to serve as a consultant, the company announced Thursday. Caterpillar says LaHood will “provide advice on policy related matters.” “[LaHood] will assist Caterpillar in developing corporate strategies focused on identifying solutions to specific policy and communications challenges Caterpillar faces in the increasingly complex policy and business environment,” […]

June 6, 2014

Construction Equipment

Caterpillar CIO Randy Krotowski resigns

Caterpillar Chief Information Officer Randy Krotowski has resigned from the company. Krotowski’s departure was effective June 1. The Caterpillar announcement did not go into the exact specifics of his resignation saying only that he left “to pursue other opportunities.” In addition to serving as CIO, Krotowski was also the company’s vice president of Global Information […]

June 4, 2014

Home

Volvo, Terex finalize articulated truck, rigid-frame truck sale

Announced this past December, Terex’s sale of its off-highway rigid-frame and articulated trucks to Volvo Construction Equipment is now complete, the two companies announced today. The $160 million cash deal gives Volvo a rigid-frame haul product for the heavy construction and light mining segments, and targets the  oil and gas, aggregates production and road building […]

June 2, 2014

Construction Equipment

Caterpillar excavator tiptoes through China shop, stacks glass, somehow doesn’t break anything

While Caterpillar hit viral video status with a video focusing on a massive game of Jenga, its latest Built For It Trials video centers on one of the most impressive displays of operator skill we’ve seen. In it, Ryan Neal, a senior demonstrator instructor at Cat, hops into a 301.7 CR mini excavator and drives […]

May 27, 2014