Tag: construction equipment manufacturers: Page 5

Business

Larry Weyers named president of Manitowoc Cranes, Etchart steps down to VP role

Eric Etchart is stepping down from his role of president at Manitowoc Cranes and into a vice president role as part of The Manitowoc Company’s succession plan for Etchart’s upcoming retirement. Etchart has served as president of the cranes business for the past eight years. He has a planned retirement in the coming years, according to a […]

January 7, 2015

Construction Equipment

More than 100 JCB machines aboard tipped-over cargo ship that ran aground near English island

More than 100 JCB machines worth millions of dollars are in jeopardy of being lost after a cargo ship ran aground and nearly tipped over on a small bank near the Isle of Wight in England. According to the BBC, the Hoegh Osaka began listing shortly after leaving the port of Southampton January 3. About 90 minutes […]

January 6, 2015

Business

Tadano America comic book embezzler named one of top 10 costliest frauds

The $9.3 million embezzlement by the former head of legal affairs and human resources at Tadano America was among the top 10 costliest embezzlements reported in the 2013 Marquet Report on Embezzlement, released last Friday. The Marquet report delves into white collar fraud on cases where at least $100,000 was alleged to have been misappropriated. […]

December 23, 2014

Construction Equipment

JCB now building 3CX backhoes in North America, will add 100 workers to new line

JCB has added the 3CX backhoe to the lineup of machines being made at its North American headquarters in Savannah, Georgia. On November 1, the first JCB 3CX rolled off the line at the facility, according to a report from the Savannah Morning News. JCB is adding 100 workers to support production of the machine, which […]

November 18, 2014

Business

Despite slight dip in profit during first 6 months, Komatsu revises full-year forecast upward on “brisk” equipment sales

Sales and operating income at Komatsu are up during the first six months of the company’s fiscal year, but the increases weren’t enough to stave off a slight dip in profit. The Japanese heavy equipment manufacturer reported sales of $8.3 billion (942.5 billion Japanese Yen), during the first half of fiscal year 2o14, which ends […]

November 3, 2014

Business

Kobelco opens new North American headquarters in Texas

As a result of expected rapid growth in their sale of excavators in North America, Kobelco Construction Machinery has opened a new corporate headquarters in Katy, Texas. Designed to service dealers and customers in the United States, Canada and Latin America, the location features parts warehousing capabilities including a floor plan and racking configuration that […]

November 3, 2014

Business

Terex sells 51% of ASV to Manitex, resulting in skid steer, compact track loader joint venture

Terex is selling 51 percent of ASV to Manitex International, resulting in a joint venture that is 51 percent owned by Manitex and 49 percent owned by Terex. The joint venture will manufacture skid steers and compact track loaders. According to Terex, after the agreement is finalized, ASV will continue to sell its skid steers […]

November 3, 2014

Business

Terex profit falls 30% in 3Q, reduces expectation for full-year earnings

Despite a slight sales boost, equipment manufacturer Terex saw earnings fall during the third quarter and has reduced its earnings forecast for the full year. Sales were up 3 percent over the same quarter last year to $1.8 billion, mainly due to the continued success of the company’s aerial work platforms (AWP) segment and a […]

November 2, 2014

Business

Turnaround in construction equipment sales lone 3Q highlight as CNH Industrial profit plummets 113%

Following a second quarter where profit increased despite sales declines, CNH Industrial did not fare nearly as well in the third, as sales and revenues fell again and profit has plummeted year-over-year. CNH Industrial, makers of the Case Construction and New Holland equipment brands, saw profit fall 113 percent during the third quarter from the […]

October 31, 2014

Business

Toro buys BOSS snowplows, salt and sand spreaders

Toro will buy the BOSS business of Northern Star Industries, based in Iron Mountain, Michigan. BOSS makes snowplows, salt and sand spreaders for light and medium duty trucks, ATVs, UTVs and loaders. Michael J. Hoffman, Toro chairman and CEO says the BOSS line will be added to Toro’s existing professional contractor businesses. “We’ve long been […]

October 29, 2014

Business

Volvo CE earnings jump 31% during 3Q despite flat sales

Continued weak demand for construction equipment in China has negated sales gains in other parts of the world for the second-straight quarter at Volvo Construction Equipment. Despite the difficulties in Asia, the company’s positive earnings report for the third quarter Friday included a 31-percent gain in operating income to $89 million (SEK 648 million) over […]

October 24, 2014

Business

Caterpillar profit up 8% in 3Q, beats Wall Street expectations with slight uptick in sales

Caterpillar today announced an increase in both profit and sales during the third quarter, beating analyst expectations despite more declines in demand for mining equipment. The company announced profit of $1.017 billion, or $1.63 per share, an increase of 8 percent over third quarter 2013. Excluding $81 million in restructuring costs, profit would have been […]

October 23, 2014