Association of Equipment Manufacturers

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Industry News

Manufacturing Articles

20,000th Bobcat rolls off production line
The 20,000th Bobcat telehandler rolled off the production line at the manufacturer's Pontchâteau plant in Loire Atlantique in France earlier this month.
July 30, 2014 – International Rental News

IronPlanet will Sell Dept. of Defense Surplus Equipment
IronPlanet has been awarded the U.S. Defense Logistics Agency (DLA) contract to manage and sell rolling stock surplus assets of the U.S. Department of Defense.
July 30, 2014 – Lift & Access

Caterpillar Announces Accelerated Stock Repurchase
Caterpillar Inc. has entered into definitive agreements with Société Générale to purchase a total of $2.5 billion of its common stock under accelerated stock repurchase transactions.
July 30, 2014 – Construction Equipment

CNH Industrial Opens New Manufacturing Complex In China
CNH Industrial inaugurated its new manufacturing complex built in the area of its previous assembly plant in Heilongjiang Province, China.
July 30, 2014 – AgriMarketing

Cyient, Pratt & Whitney open Experience Centre in Hyderabad
Cyient (formely Infotech) and Pratt & Whitney, the leaders in aircraft engines, inaugurated an Experience Centre for its engineers at Manikonda in Hyderabad's Cyberabad on Thursday by installing a huge PW4090 aircraft engine donated by P&W.
July 30, 2014 – Hindu BusinessLine

JLG sales hit $1 billion for third quarter
Sales in North America and Europe boosted JLG's third quarter sales to $1.04 billion, a record for the access equipment manufacturer.
July 29, 2014 – Access, Lift & Handlers

Cummins reports second quarter results
Cummins Inc. has reported results for the second quarter of 2014.
July 29, 2014 – OEM Off-Highway

AGCO's 2Q Net Sales Decline 9.8%
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.8 billion for the second quarter of 2014, a decrease of approximately 9.8% compared to net sales of approximately $3.0 billion for the second quarter of 2013.
July 29, 2014 – Farm Equipment

Positive quarter for Komatsu
Manufacturer Komatsu has reported increased revenues and operating income for three months to 30 June, fuelled by demand for construction equipment in North America, Europe and the Middle East.
July 29, 2014 – International Rental News

1st Half: Titan Intl's Sales Down 9%, Net Income Drops 171%
Titan International, Inc. (NYSE: TWI) announces second quarter revenue and performance results. CEO and Chairman, Maurice Taylor comments, "Our second quarter results show that while there are areas of strength, the overall business is impacted by slower demand. Demand for our agriculture, earthmoving and mining products have declined as a result of the uncertainty in the markets.
July 28, 2014 – AgriMarketing

Doosan Portable Power Remanufactures 100th Compressor
The Doosan Portable Power Certified Remanufacturing Program recently restored the 100th air compressor to like-new condition.
July 25, 2014 – Construction Equipment

Eaton In China Commercial Vehicle Clutch Venture
Eaton and China's Shaanxi Fast Gear Co. Ltd. (SFGW) announced they have signed a joint venture agreement to support the growing commercial vehicle clutch market in China.
July 25, 2014 – Diesel Progress

Donaldson names new Vice President, Latin America
Donaldson Company Inc., announces that it has appointed Guillermo Briseño, Vice President, Latin America effective August 1st.
July 25, 2014 – OEM Off-Highway

Gorman Rupp Posts Moderate Q2 Increase
Pump manufacturer Gorman Rupp Co. posted $109.7 million in sales for the second quarter, a 3.1-percent increase compared to $106.4 million in the second quarter a year ago.
July 25, 2014 – RER

JCB Mud Run Raises $100,000 for Charity
More than 2,000 runners, riders and spectators participated in JCB's third annual Mud Run and first Dig the Ride cycling event at the company's North American headquarters in Savannah, Ga.
July 25, 2014 – RER

CLAAS to introduce new XERION tractor
CLAAS of America is stepping up its presence in the North American tractor market. The company will unveil a new Tier 4f compliant XERION tractor at upcoming farm shows.
July 24, 2014 – Brownfield

Dana second quarter shows strong operating performance
Dana Holding Corporation announces results for the second quarter of 2014 that reflect strong operating performance.
July 24, 2014 – OEM Off-Highway

Caterpillar 2Q Profit Rises, Revenue Declines
Caterpillar's second-quarter net income rose 4.1 percent even as revenue slipped.
July 24, 2014 – ABC News

Terex Q2 revenues up +10%
Terex's sales for the second quarter of the year were US$ 2.06 billion, a +10.4% rise on the same period in 2013. The company made a net profit of US$ 140 million in the three-month period, compared to just US$ 21 million a year ago.
July 24, 2014 – International Construction

Bandit Industries Reaches Recapitalization Deal with Huron Capital Partners
Huron Capital Partners and Bandit Industries have entered into a letter of intent to recapitalize Bandit as a private company and to provide resources and capital to reinforce Bandit's continued record growth while accelerating the company's global growth strategy.
July 23, 2014 – RER

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