Tag: construction equipment manufacturers: Page 3

Business

Caterpillar mining VP retires amid leadership shakeup

Chris Curfman, the chief mining executive at Caterpillar, will retire at the end of the year, ending a more than 20-year career at the company. Caterpillar announced the move this week amid big changes for the company, including a massive $1.5 billion cost reduction plan and a restructuring of leadership within the Mining Sales and Support Division, […]

September 25, 2015

Business

Caterpillar plans up to 10,000 job cuts as part of extensive $1.5 billion cost reduction plan

In the midst of a third straight year of down sales and revenues, Caterpillar has announced further cost cutting and restructuring in order to lessen the impact of what will likely be off a fourth-straight down year in 2016—a first in the company’s nearly century-long history. Planning large workforce cuts and the consolidation and closures of its […]

September 24, 2015

Dealers

Case donates backhoe to community college and more in the latest Dealer and Manufacturing News Roundup

CNH Industrial and Case donate backhoe to Southeastern Community College CNH Industrial and CASE Construction Equipment’s Burlington, Iowa, plant donated a CASE 580N backhoe loader to Southeastern Community College. The college’s Construction Technology and Agriculture programs will use the backhoe for student training and instruction as well as special class projects. It will also be […]

August 24, 2015

Business

John Deere feels impact of energy slowdown in 3Q as construction equipment sales fall 13%

After a third quarter that brought more severe decreases in sales and profit, John Deere has cut its forecast for the rest of the year as the company now faces slowed demand for construction equipment alongside an existing farming slump. Deere sales fell 20 percent during the quarter to $7.6 billion while profit dropped 40 percent […]

August 21, 2015

Business

Bobcat, Doosan break ground on $9.5 million expansion of West Fargo HQ (PHOTOS, VIDEO)

Company executives and a fleet of Bobcat buckets recently broke ground on a $9.5 million expansion of the Bobcat/Doosan North America headquarters. In a video from the event, Rich Goldsbury, president of Bobcat and Doosan North America, explained that the companies had simply outgrown their current headquarters, built in 2000 in West Fargo, North Dakota. “This […]

August 19, 2015

Dealers

Liebherr celebrates distribution evolution, Manitou launches new website and more in the latest Dealer and Manufacturing Roundup

Applied Machinery expands with new office location Applied Machinery Sales is expanding with a new office location in Rock Hill, South Carolina. This new location has nearly 48,000 square feet of space and will support their growing dealer network. The new facility will house the company’s parts and attachments inventory, handle daily orders and provide […]

July 31, 2015

Business

Caterpillar profits fall 29% in 2Q as company cuts full-year forecast

A continued and severe lack of demand for mining equipment worldwide, coupled with lower construction equipment sales in China and Brazil brought Caterpillar sales and profits down during the second quarter. In earnings released Thursday the company reported a decrease in sales and revenues of 13 percent to $12.3 billion and a 29-percent profit loss […]

July 23, 2015

Business

Volvo CE profit jumps 80% in 2Q thanks to big sales increases in North America

Following two consecutive quarters of large losses, Volvo Construction Equipment saw a huge increase in profit during the second quarter, mainly supported by increased sales in North America. Sales increased to 15.4 billion SEK ($1.8 billion), up 5 percent over 2Q 2014. Meanwhile, profit rocketed upward 80 percent to 1.35 billion SEK ($157 million). RELATED […]

July 20, 2015

Dealers

MacAllister Machinery breaks ground on new HQ, a JCB Mudfest and more in the latest Dealer and Manufacturing News Roundup

MacAllister Machinery breaks ground for new headquarters Indiana’s Caterpillar equipment dealer, MacAllister Machinery, celebrated a groundbreaking for its new headquarters on the Southeast side of Indianapolis. The 133-acre tract will house MacAllister’s new 345,000 square-foot headquarters and will allow the company to consolidate its heavy equipment shops, parts warehouse, light equipment sales and service and […]

July 17, 2015

Business

Latest round of Caterpillar layoffs hits Pontiac fuel systems plant

After laying off nearly 200 workers at its East Peoria plant last month, Caterpillar has announced another wave of cuts, this time at its Pontiac, Michigan, plant. According to a report from the Peoria Journal Star, Cat will place 35 full-time employees at the plant, which manufactures fuel systems, on indefinite layoff and will fire another 10 […]

July 8, 2015

Business

John Deere to call back some laid off workers to Waterloo plant

John Deere has announced that it will ask between 50 and 60 workers laid off earlier this year at its Waterloo, Iowa, plant  back to work. According to a report from the Waterloo Cedar Falls Courier, the callbacks will be made based on seniority and many of the workers receiving calls are likely working at other Deere […]

June 25, 2015

Dealers

JCB, Douglas Dynamics earn honors; Kenworth, Fecon add locations in the latest Dealer and Manufacturing News Roundup

Skyjack machines tee up for charity in Miami Skyjack scissor lifts and booms were on hand at the BEA and Action Rentals’ Second Annual Golf Tournament, held on March 16 in Miami. The daylong event, held at Miami International Links in the Melreese Country Club, included golfing and a silent auction. This was Skyjack’s second […]

June 23, 2015