Tag: construction equipment manufacturer: Page 5

Construction Equipment

Deere announces additional layoffs at Davenport plant

Deere & Company will lay off 57 additional workers from its Davenport Works plant in Davenport, Iowa, according to a report in the Des Moines Register. The action follows Deere’s fiscal 2019 report when the company said it expected 2020 construction equipment sales to drop by 10 to 15 percent. This was despite the record year […]

December 11, 2019

Dealers

ASV promotes Frank Gangi to national accounts manager

Frank Gangi has been promoted to national accounts manager for ASV Holdings, a Yanmar Compact Equipment company. In his new position, Gangi will be responsible for supporting and growing ASV’s customer portfolio, including OEM and national rental customers, direct national accounts and attachment partners. Gangi, with 23 years of manufacturing experience,  previously served as an […]

December 10, 2019

Dealers

Epiroc appoints Helena Hedblom president, CEO

Epiroc AB has appointed Helena Hedblom president and CEO, effective March 1st. Hedblom will replace Per Lindberg, who is leaving the company. “Helena has a strong business focus, an in-depth knowledge of the business and is an appreciated leader who is living and breathing the Epiroc values,” says Ronnie Leten, Epiroc board chair. “As head […]

December 5, 2019

Dealers

Deere sees 2019 sales rise 5%; forecasts 2020 construction equipment sales to drop 10-15%

Deere & Company reported that net sales and revenues increased 5 percent in both the fourth quarter and fiscal full-year 2019. Net equipment sales were $8.703 billion for the quarter and $34.886 billion for the year, compared to fiscal 2018’s $8.343 billion and $33.351 billion, respectively. Continuing negatives for Deere include agricultural sector uncertainties, lingering […]

November 27, 2019

Dealers

Manitou grows 3Q revenues by 4%, sees “start of slowdown”

Revenues for the third quarter of 2019 are 4% above 2018’s 3Q results, but Manitou says due to declining markets, order intake is down. More on Equipment World.

October 24, 2019

Dealers

Morbark to be sold to Alamo Group for $352 million

Morbark owner Stellex Capital Management says it has entered an agreement to sell Morbark to Alamo Group for $352 million. The acquisition is expected to close in the fourth quarter, upon which Morbark will become part of Alamo’s Industrial Division. Under Stellex enhanced operations, Morbark implemented lean initiatives and manufacturing practices “that have resulted in […]

September 13, 2019

Construction Equipment

Yanmar purchase of ASV official next week

ASV Holdings stockholders have approved the all-cash $70.7 million purchase by Yanmar America, first announced in June. Under the terms of the statutory merger agreement, each share of ASV common stock will be converted to receive $7.05 in cash without interest, according to ASV. The transaction is expected to close on September 11th. After the transaction […]

September 5, 2019

Construction Equipment

Toro-brand directional drills, riding trenchers discontinued as Toro realigns after Charles Machine Works buy

As expected, Toro is discontinuing its line of Toro-branded large horizontal directional drills and riding trenchers, following its acquisition of Charles Machine Works this year. The phased-out units include Toro’s DD226 and DD4050 directional drills and RT600 and RT1200 riding trenchers. Toro plans to continue producing all of its walk-behind trenchers, as well as its […]

August 19, 2019

Dealers

LiuGong names Paul Cranage North American sales manager

LiuGong North America has appointed Paul Cranage as is senior manager of sales and business development. Cranage, who will be working from the company’s headquarters in Katy, Texas, will head the company’s dealer recruitment and training, dealer portal initiative and industry and performance reporting. Cranage has almost 30 years of experience in the equipment industry, […]

July 29, 2019

Construction Equipment

Epiroc moves headquarters to Broomfield technology hub

Epiroc has relocated in the greater Denver, Colorado, area, moving its U.S. headquarters from Commerce City to Broomfield, a “tech corridor known as the ‘Rocky Mountain Silicon Valley,’” says the company in a release. “The city of Broomfield is a perfect fit for Epiroc,” says Jon Torpy, president and general manager of Epiroc USA. “While our […]

July 2, 2019

Construction Equipment

Doosan Bobcat reorganizes global leadership structure, names Ballweber North American president

Doosan Bobcat North America has named Mike Ballweber its president as part of Doosan Bobcat restructuring its global leadership plans. More details here.

June 28, 2019

Dealers

How Cat intends to double its parts and service sales by 2026

Caterpillar believes there are tremendous opportunities that exist to continue to grow service revenues. Find out more here on Equipment World.

May 24, 2019