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Tag: Zoomlion
Construction Equipment
‘Superheated’ scissor lift market spurs new entrants Pettibone, LGMG. Can they succeed?
Editor’s Note: Since this article published, LiuGong has also entered the U.S. scissor lift market. You can read about that here and the Chinese manufacturer’s deepening involvement in North America here. Craig Paylor, former president of JLG, was looking to add some scissor lifts in 2018 as an additional revenue stream to his truck distribution business. […]
February 24, 2020
Business
No Deal: Zoomlion withdraws acquisition offer following Terex MHPS sale to Konecranes
Less than two weeks after Terex walked away from a merger with Finnish equipment manufacturer Konecranes to further pursue acquisition talks with Chinese OEM Zoomlion, Zoomlion has withdrawn its offer. After announcing what appeared to a be done deal last fall with Konecranes, Terex officially walked away from the merger earlier this month after receiving an […]
May 31, 2016
Business
Terex walks away from Konecranes merger to continue talks with Zoomlion
Three months after receiving an acquisition offer from Chinese equipment manufacturer Zoomlion, Terex has announced that it has mutually agreed with Konecranes to terminate plans to merge the two companies. Announced in August 2015, the merger would have placed 60 percent of the new company (to be called Konecranes Terex) in the hands of Terex shareholders, with […]
May 18, 2016
Construction Equipment
China’s Zoomlion confirms offer to woo Terex away from Konecranes merger
Chinese equipment manufacturer Zoomlion has officially confirmed an offer made to Terex to buy the company, despite Terex’s plans to merge with Finnish manufacturer Konecranes. Zoomlion announced Tuesday that on Dec. 4 it offered to buy Terex for $30 per share in cash. At the time of the offer, it represented a 41 percent premium […]
February 17, 2016
Business
KHL: Construction equipment revenues down as manufacturers trade places in top 10 rankings
Caterpillar and Komatsu remain the no. 1 and no. 2 construction equipment manufacturers in the world, respectively, to no surprise according to the latest edition of KHL’s annual Yellow Table study. However, four manufacturers traded places in the top 10. Volvo and Hitachi swapped, as did Terex and Liebherr though the publication does not note exactly […]
April 2, 2015
Construction Equipment
Are Chinese heavy equipment manufacturers closing the quality gap?
Chinese construction equipment manufacturers have garnered interest here in the states by underselling their American competitors. But American manufacturers have safely held the advantage to Chinese construction equipment thanks to the quality of their equipment. But a new report from the Wall Street Journal says that might be changing. Sam Walsh, the CEO of London-based […]
January 1, 2014
Business
Forbes: Sany, fellow Chinese equipment makers’ move into foreign markets “isn’t working”
It’s been a rough year for Sany. Back in January, despite the fact that a decade-long infrastructure boom in China had already come to a crashing halt, equipment manufacturer Sany had high hopes for its expansion into the U.S. and other foreign markets. The Chinese company told of its ambition to over take Komatsu and […]
November 7, 2013
Roadbuilding
Parsons hires Sam Elters as road, highway leader
Parsons has hired Sam Elters as regional transportation director in Arizona and Nevada. In this position, he will be responsible for all road and highway projects in this region, and he will serve as the lead for major pursuits, including public-private partnerships, design-build projects, and design and construction management projects. Prior to joining Parsons, Elters […]
April 13, 2012
Roadbuilding
Parsons hires Sam Elters as road, highway leader
Parsons has hired Sam Elters as regional transportation director in Arizona and Nevada. In this position, he will be responsible for all road and highway projects in this region, and he will serve as the lead for major pursuits, including public-private partnerships, design-build projects, and design and construction management projects. Prior to joining Parsons, Elters […]
April 13, 2012
Roadbuilding
Parsons hires Sam Elters as road, highway leader
Parsons has hired Sam Elters as regional transportation director in Arizona and Nevada. In this position, he will be responsible for all road and highway projects in this region, and he will serve as the lead for major pursuits, including public-private partnerships, design-build projects, and design and construction management projects. Prior to joining Parsons, Elters […]
April 13, 2012
Roadbuilding
Parsons hires Sam Elters as road, highway leader
Parsons has hired Sam Elters as regional transportation director in Arizona and Nevada. In this position, he will be responsible for all road and highway projects in this region, and he will serve as the lead for major pursuits, including public-private partnerships, design-build projects, and design and construction management projects. Prior to joining Parsons, Elters […]
April 13, 2012
Roadbuilding
Michelin adds new Earthmover tire plant
Michelin is breaking ground next week on a new Earthmover tire manufacturing plant in Anderson County, S.C. The company is also expanding its existing Earthmover tire facility in Lexington, S.C. The two projects represent a $750 million investment and will create up to 500 new jobs. This announcement is in addition to Michelin’s 2011 announcement […]
April 13, 2012
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