Tag: construction equipment manufacturers: Page 6

Dealers

Caterpillar leadership sees shake-up as heads of mining and dealer support announce retirement

Caterpillar has announced the retirement of two group presidents and a vice president, all of which will take effect early next year. Steve Wunning, 63, is retiring from his post as group president for resource industries, which includes mining. Caterpillar says that Ed Rapp, 57, current group president for construction industries will replace Wunning. Tom […]

October 14, 2014

Business

John Deere names Max Guinn next president of Construction & Forestry equipment

John Deere has named Max A. Guinn as the next president of its Worldwide Construction & Forestry equipment division. Guinn, who is currently the senior vice president of human relations, communications, public affairs and labor relations at Deere, was also named president of the company’s Labor Relations and Security division. The move comes as part […]

October 2, 2014

Construction Equipment

Construction equipment among quickest recovering industries from recession; contributes the economic value of an entire state

According to a new study of the construction equipment industry released Tuesday by the Association of Equipment Manufacturers, the industry was among the quickest to recover from the throes of the Great Recession and contributes nearly four times its market share in value to the U.S. economy. Sanctioned by AEM and authored by Inforum, an […]

September 9, 2014

Business

Vermeer names third-generation family member Jason Andringa incoming president, CEO

Vermeer Corporation has named Jason Andringa incoming president and CEO, taking over the position from his mother, Mary Vermeer Andringa, and continuing the Vermeer family’s leadership of the company into the third generation. The transition will be fully effective on Nov. 1, 2015. On Nov. 1 this year, Jason will assume the role of president […]

August 26, 2014

Business

PHOTOS: Tour John Deere world HQ; an engineering feat not unlike the company’s equipment

[imagebrowser id=117] In 1958 Deere & Company’s board of directors approving a radical and forward thinking design for it’s new Administrative Center, now the company’s world headquarters and one of the Midwest’s top architectural landmarks. The building, which opened in 1964, was the brainchild of William Hewitt, Deere’s president at the time, and the world-renowned […]

August 7, 2014

Business

Case to move M Series dozer production to Burlington, Iowa plant in $24 million expansion

Case Construction Equipment has announced that it plans to move production of its M Series crawler dozers to Burlington, Iowa, following an expansion of a plant there. The dozers are currently being made at a plant in Calhoun, Georgia. In late June, Case’s parent company CNH Industrial announced that the Calhoun plant would be closing in […]

August 5, 2014

Business

Wages for construction workers and heavy equipment manufacturing workers are on the rise

We’re now five years into the economic recovery following the Great Recession and pay raises, according to a report from the Associated Press, are uneven across U.S. industries. Overall, pay in the U.S. has risen at a rate roughly equal to inflation: about 2 percent per year. Using data from the Bureau of Labor Statistics, […]

August 5, 2014

Business

CNH Industrial profit up 10% despite sales declines in construction and ag equipment

A slight increase in revenues boosted profit 10 percent at CNH Industrial during the second quarter of the year as sales gains in the company’s powertrain segment offset decreases in both construction and agriculture equipment. CNH, makers of the Case Construction and New Holland equipment brands, saw revenues rise to $8.9 billion, up 0.9 percent from the […]

August 4, 2014

Business

Komatsu sees slight boost in sales and profit during 1Q

Komatsu announced today increases in both sales and profit during the company’s first quarter ending June 31. The company reported net sales of $4.5 billion (460.2 billion Japanese yen), up 1.1 percent from the first quarter of 2013. Operating income rose 21.1 percent to $621.7 million (63.4 billion Japanese yen). Profit for the company rose […]

July 29, 2014

Business

Terex sees big profit increase as AWP and MHPS segments boost sales

In its latest earnings report, Terex announced increases in both sales and profit during the second quarter of the year. The company’s net sales increased to $2.05 billion, up 10.4 percent from the second quarter of 2013 again mainly due to strong performances from the company’s Aerial Work Platform and Material Handling and Port Solutions (MHPS) […]

July 25, 2014

Business

Caterpillar profit up 4% in 2Q despite decline in sales; improves full-year forecast

Despite a dip in sales and continued soft demand for mining equipment, Caterpillar today announced a 4-percent increase in profit during the second quarter. The company today announced profits of $999 million, or $1.57 per share, for the second quarter ending June 30. That’s up 4 percent from the $960 million earned during the same […]

July 24, 2014

Business

Sales slump in China offsets gains elsewhere as Volvo CE operating income falls 43% in 2Q

After kicking the year off with a sales boost and 29-percent increase in operating income during the first quarter, things cooled off considerably for Volvo Construction Equipment during the second quarter. Volvo CE saw slumping demand for equipment in China hurt its bottom line considerably with a 43-percent year-over-year decrease in operating income to $109.5 […]

July 21, 2014