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Tag: equipment makers: Page 2
Business
Terex sees increased operating profits despite first-quarter sales falling 5.3%
In the first quarter of the year Terex saw net sales drop 5.3 percent from the same period last year to $1.7 billion. Nonetheless, the company saw an increase in operating profits. After deducting operating costs, Terex profits were at $68.4 million the first quarter. That’s a 7 percent increase from the $63.8 million in […]
April 25, 2013
Business
Astec Industries taps Benjamin G. Brock to succeed father as CEO
Astec Industries announced that it will tap Benjamin G. Brock as the company’s next CEO and President. Brock is the son of Dr. J. Don Brock, the current CEO. J. Don Brock will continue to serve as the Executive Chairman of Astec’s board of directors. Meanwhile, Richard J. Dorris will become the company’s Chief Operating […]
March 12, 2013
Business
CNH Board of Directors approves merger plan with Fiat Industrial
The CNH Global board of directors have approved the company’s merger plan with Fiat Industrial. The board met February 25 and approved the plan for merging into a NewCo with and as a subsidiary of Fiat. The merger was initially agreed to by CHN back in November. NewCo is a name typically given to startups or merged companies before […]
February 27, 2013
Business
Caterpillar dealer sales fall 4% in fiscal Q1
Caterpillar recently reported that it saw worldwide dealer sales fall 4 percent in the three months ending January 31. According to a Securites and Exchange Report reviewed by the Chicago Tribune, the company saw sales decline 11 percent in North America and 12 percent in the Asia/Pacific Region. Sales in Latin America were up 3 […]
February 25, 2013
Business
Manitou sales grow 12 percent in 2012
Despite a slow fourth quarter, Manitou saw a 12 percent growth in net sales in 2012 over the previous year. Each of the group’s three divisions saw gains in 2012. Net sales in 2012 finished at €1.26 billion ($1.7 billion U.S.), up 12 percent from the €1.13 billion ($1.5 billion U.S.) in 2011. Quarter four […]
January 31, 2013
Technology
Reporter
Equipment makers expand From Texas to China, construction equipment manufacturers are building and expanding plants. Caterpillar, for instance, will invest $3 billion in capital expenditures in 2011, half of that in its U.S. operations. Much of this expanding footprint, however, is directed overseas, particularly in China and India, including: • Caterpillar – remanufacturing parts facility […]
October 5, 2011
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