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Tag: heavy equipment manufacturers: Page 3
Business
Caterpillar to lay off another 170 workers at East Peoria plant
Caterpillar has announced it will lay off an additional 170 workers at its East Peoria, Illinois, plant where the company manufactures mining and construction equipment. According to a report from Peoria Journal Star, the company announced the layoffs in consecutive weeks. A cut of 120 workers from the plant was announced last week and the reduction […]
June 24, 2015
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
Business
John Deere sees slight uptick in construction sales but profits fall 30% as ag slowdown continues
Construction and forestry equipment sales are the only bright spot for John Deere, albeit a dim one, as the heavy equipment manufacturer continues to see profit and sales declines due to the global slowdown in agricultural equipment demand. The manufacturer reported an 18-percent decline in sales during the second quarter to $8.171 billion. Profit fell […]
May 26, 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
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
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
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
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
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