Tag: construction equipment manufacturers: Page 10

Business

Doosan names Scott Park as next CEO of DICE

Doosan today announced that Scott Park will be replacing Tony Helsham as the president and CEO of Doosan Infracore Construction Equipment (DICE). Helsham is retiring in February. Since early last year, Park has held the position of Global Vice President of Strategy, Manufacturing Strategy and Total Quality Management (TQM) for DICE. The company says Park […]

November 5, 2013

Business

CNH Industrial revenues dip slightly, profit drops 15% in 3Q

CNH Industrial has announced its first quarterly results as a newly-merged company with revenues and profits down from the same quarter last year. The merger between CNH and Fiat Industrial into the new company was completed on September 29, 2013. The company reports group revenues of €6.217 billion ($8.4 billion), down 1.5 percent from third quarter […]

November 4, 2013

Business

Komatsu sees slight decline in sales in first half of year, cuts profit forecast by 26%

Citing a decrease in demand for mining equipment, Komatsu announced decreases in both sales and operating income for the first six months of its fiscal year. In the last six months, the company reports that net sales were down 0.6 percent to 925.1 billion yen ($9.46 billion) compared to the same period last year. Operating […]

October 29, 2013

Business

Volvo CE maintains outlook as 3Q operating income falls 17%

Citing weak demand and “no clear sign of a global recovery in the sector in sight,” Volvo Construction Equipment saw decreases in third quarter sales and operating income. Net sales for the company dropped 7 percent to 12.278 billion SEK ($1.9 billion). Volvo CE says sales were mainly affected by “lower activities in the global […]

October 25, 2013

Business

Volvo CE president Pat Olney is leaving the company

Volvo Construction Equipment announced this morning that company president Pat Olney is leaving the company at the end of this year. Olney will take a position in a “non-competing, large engineering company” based in the United States. In a statement this morning, Olney cited a 17-year career at VCE and stressed the change “was not an […]

October 21, 2013

Construction Equipment

After sale of roadbuilding equipment, Terex to upgrade, repurpose Oklahoma City plant

Following the sale of its roadbuilding equipment to Fayat Group earlier this year, Terex says it will upgrade and repurpose its 700,000-square-foot facility in Oklahoma City to manufacture multiple product lines. A press release issued today, however, offered no details on what Terex products would be manufactured at the facility or specific upgrade plans. Terex […]

October 16, 2013

Business

Caterpillar announces retirement of 3 VPs alongside realignments and new Strategic Services Division

Caterpillar on Tuesday announced the retirement of three longtime vice presidents, two division realignments and a newly-created Strategic Services Division. Mike DeWalt has been appointed as the vice president of the new division which will include strategic planning, Mergers & Acquisitions (M&A), investor relations, economics, business risk management and competitive analysis. It’s part of a renewed […]

August 21, 2013

Business

Terex sells large wheel loader line to German manufacturer Atlas Maschinen

Terex has sold all intellectual properties of its large wheel loader line to German manufacturer Atlas Maschinen, according to a report from KHL. The price of the deal was not disclosed. The deal includes the TL160, TL210, TL260 and TL310. Atlas Maschinen has said it will continue the manufacturing of the machines under both the […]

August 20, 2013

Business

Caterpillar details work to reduce waste at Georgia plant

Last week, Caterpillar invited 50 local business leaders to its new small bulldozers and mini hydraulic excavator plant in Athens, Georgia to take in a presentation on how the company is working to reduce waste and its carbon footprint. “Caterpillar has a vision for 2020 to be zero waste to landfill, so we just wanted to present […]

August 19, 2013

Business

Caterpillar to lay off 125 workers at Indiana Large Engine Center

Due to slumps in demand and earnings in the first half of this year, Caterpillar has confirmed to the Layfayette, Indiana Journal & Courier that it will lay off 125 workers at the Large Engine Center there. The indefinite layoffs will take effect August 26. About 1,800 employees work at the plant. In a statement to […]

August 8, 2013

Business

Komatsu sees small decline in 1Q net sales, remains confident in stronger outcome for 2013

Decreases in demand for construction and mining equipment in Indonesia and mining equipment in Latin America led to year-over-year declines in both net sales and operating income for Komatsu in the company’s first quarter, which ends March 31, 2014. However, expanded sales of construction equipment and parts in Japan and the Middle East largely compensated […]

July 30, 2013

Business

Volvo Construction Equipment 2Q sales fall 19%, operating income down 52 percent

Attributing year-over-year declines to “weaker sales, especially in the mining industry,” Volvo Construction Equipment reported its second quarter results with no change to its outlook for the rest of the year. The company reported operating income of $203.8 million (SEK 1.324 billion). That’s a 52 percent decrease from the $422.2 (SEK 2.742 billion) million brought […]

July 26, 2013