Tag: equipment manufacturers: Page 3

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

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

Business

KHL: Construction equipment revenues down as manufacturers trade places in top 10 rankings

Caterpillar and Komatsu remain the no. 1 and no. 2 construction equipment manufacturers in the world, respectively, to no surprise according to the latest edition of KHL’s annual Yellow Table study. However, four manufacturers traded places in the top 10. Volvo and Hitachi swapped, as did Terex and Liebherr though the publication does not note exactly […]

April 2, 2015

Business

PHOTOS: Caterpillar unveils new 3-tower HQ campus spanning 6 city blocks in Peoria

[imagebrowser id=199] Caterpillar will make major, but very welcome, changes to the Peoria skyline with the construction of a three-tower company headquarters building along the city’s riverfront. RELATED: PHOTOS: Tour the Caterpillar Visitors Center, a walk through the history of yellow iron The plans are the result of a multiyear study with the aim of creating […]

February 23, 2015

Construction Equipment

Terex begins manufacturing Genie telehandlers in Oklahoma City

Terex has announced that it is now manufacturing Genie telehandlers at its Oklahoma City facility. The 700,000-square-foot facility employs 260 people and Terex has begun hiring to fill new positions. The company says the OKC plant could produce more types of Genie machines should demand require it. “We have made a a long-term strategic shift to our […]

February 10, 2015

Business

Caterpillar cost-cutting continues: company to clip 240 workers at Illinois mining plants

Caterpillar will lay off 240 workers across two of its Illinois plants as the company continues to cope with a global decline in demand for mining equipment. The company told the Chicago Tribune it will begin the layoffs January 19 at its Decatur and East Peoria plants, both of which manufacture products for the mining industry. Cat […]

January 9, 2015

Business

Larry Weyers named president of Manitowoc Cranes, Etchart steps down to VP role

Eric Etchart is stepping down from his role of president at Manitowoc Cranes and into a vice president role as part of The Manitowoc Company’s succession plan for Etchart’s upcoming retirement. Etchart has served as president of the cranes business for the past eight years. He has a planned retirement in the coming years, according to a […]

January 7, 2015

Construction Equipment

More than 100 JCB machines aboard tipped-over cargo ship that ran aground near English island

More than 100 JCB machines worth millions of dollars are in jeopardy of being lost after a cargo ship ran aground and nearly tipped over on a small bank near the Isle of Wight in England. According to the BBC, the Hoegh Osaka began listing shortly after leaving the port of Southampton January 3. About 90 minutes […]

January 6, 2015

Construction Equipment

JCB now building 3CX backhoes in North America, will add 100 workers to new line

JCB has added the 3CX backhoe to the lineup of machines being made at its North American headquarters in Savannah, Georgia. On November 1, the first JCB 3CX rolled off the line at the facility, according to a report from the Savannah Morning News. JCB is adding 100 workers to support production of the machine, which […]

November 18, 2014

Business

Despite slight dip in profit during first 6 months, Komatsu revises full-year forecast upward on “brisk” equipment sales

Sales and operating income at Komatsu are up during the first six months of the company’s fiscal year, but the increases weren’t enough to stave off a slight dip in profit. The Japanese heavy equipment manufacturer reported sales of $8.3 billion (942.5 billion Japanese Yen), during the first half of fiscal year 2o14, which ends […]

November 3, 2014