Tag: construction equipment manufacturers: Page 4

Dealers

JLG acquires Power Towers, a new Atlas Copco sales VP and Kenworth dealer relocations all in the latest Dealer and Manufacturing News Roundup

JLG acquires UK-based Power Towers JLG Industries has acquired Power Towers, a low level access equipment manufacturer based in Leicester, UK. Power Towers, founded in 2007, offers 7 self-propelled and push around lift models, some rated for outdoor use. The company employs 30 people, all of whom have been retained through the acquisition. With the […]

June 8, 2015

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

Despite uptick in sales, Komatsu sees fiscal year 2014 profit fall 3.5%

Increased sales in developed countries combined with the depreciation of the Japanese yen against the dollar were able to boost Komatsu’s sales numbers in fiscal year 2014, but not enough to stave off a dip in profit. According to the company’s earnings report for fiscal year 2014, ending March 31, net sales increased 1.3 percent […]

April 27, 2015

Construction Equipment

Perkins discusses “Tier 5” planning, impact; announces new engine to be built in US

British engine manufacturer Perkins, is meeting with customers and media although not exhibiting at Intermat this year. At least not in the conventional sense. Perkins has created a “virtual” stand or booth for the show that demonstrates all their products and technology. So even if you don’t make the jump over the pond to Paris […]

April 20, 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

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

Komatsu profit up 5.5% in 3Q thanks to strong construction equipment sales in North America

Helped by a weakening of the yen against the U.S. dollar as well as increased equipment sales in the Americas and Europe, Komatsu posted gains in both profit and sales during its fiscal third quarter. For the quarter, which ended December 31, net sales increased 6.4 percent over Q3 2013 to $4.2 billion (494 billion yen). […]

January 28, 2015

Home

Caterpillar full-year earnings dip with bad 4Q; falling oil prices expected to drag 2015 down even further

For a second consecutive year, Caterpillar sales and profit have fallen. And in addition to the slump in demand for mining equipment that has plagued the company for the last two years, Cat is now contending with falling oil prices, causing the company to forecast another drop in sales for 2015. After ending a disappointing 2013 with […]

January 27, 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