Tag: heavy equipment manufacturers: Page 4

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

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

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