Association of Equipment Manufacturers


Industry News

Manufacturing Articles

BOMAG Makes Additional Investment in Its New Facility
BOMAG Americas Inc. announces plans for product manufacturing transitions to its new North American headquarters in Ridgeway, SC.
October 30, 2014 –

AGCO Reports Lower Quarterly Earnings
AGCO reported net sales of approximately $2.2 billion for the third quarter of 2014, a decrease of approximately 13.0% compared to net sales of approximately $2.5 billion for the third quarter of 2013.
October 29, 2014 – USAgnet

Toro Company Acquiring BOSS Snow and Ice Management Business
The Toro Company has entered into a definitive agreement to acquire the BOSS professional snow and ice management business of privately-held Northern Star Industries, Inc.
October 28, 2014 –

Kubota to Expand Headquarters
Kubota Manufacturing of America (KMA), a leading global manufacturer of small tractors, RTVs and lawn mowers, will expand its headquarters in Gainesville, Ga., creating an additional 650 jobs and investing $100 million into the project over the next several years.
October 28, 2014 – Farm Equipment

DEUTZ-FAHR begins construction of new production facility
The initial foundations of the DEUTZ-FAHR LAND project were laid on Tuesday, October 14 at Lauingen, Bavaria.
October 28, 2014 – OEM Off-Highway

Cummins reports strong third quarter financial results
Cummins Inc. has reported its results for the third quarter of 2014.
October 28, 2014 – OEM Off-Highway

CNH to Cut 150 Jobs at Mount Pleasant Tractor Plant
For the second time in two and a half years, the CNH Industrial plant in Mount Pleasant will be cutting a large number of workers.
October 28, 2014 – Wisconsin Ag Connection

Liebherr Invests in Spare Parts Logistics Center for Earthmoving Equipment
In July 2013, the Liebherr Group began setup of a new logistics center in Oberopfingen by Kirchdorf an der Iller (Baden-Württemberg), Germany.
October 27, 2014 –

Europe dip for Sandvik
A fall in demand in Europe has been reported by Sandvik in its third quarter results, but North America has looked more favorable and Africa is said to have improved.
October 27, 2014 – Construction Europe

Cat Financial Services announces third quarter 2014 results
Cat Financial Services, the finance arm of Caterpillar Inc., reported third-quarter 2014 revenues of US$743 million, an increase of $44 million, or 6%, compared with the third quarter of 2013.
October 24, 2014 – World Highways

Dana reports third-quarter 2014 results
Dana Holding Corporation has announced results for the third quarter of 2014, which included higher net income over the same period last year.
October 24, 2014 – OEM Off-Highway

Krone North America Appoints Vice President of Marketing and Sales Support
Krone North America has appointed Laura Lines the new Vice President of Marketing and Sales Support reporting to Tommy Jones, Krone North America President and CEO.
October 24, 2014 – Farm Equipment

Manitou Sales Rise in 3Q
Manitou released its third-quarter 2014 results, indicating a 5 percent increase in sales from the same period in 2013.
October 24, 2014 – Construction Equipment

Volvo Earnings up 31% for Q3 2014
Volvo CE saw stable market growth in North America dented by a faster decline in China and a loss of momentum in Europe in its third quarter results - while earnings rose strongly in the period, thanks to effective cost control measures and currency tailwinds.
October 24, 2014 –

AGCO Announces Quarterly Dividend
AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced that its Board of Directors declared a regular quarterly dividend of $0.11 per common share to be paid on December 15, 2014 to all stockholders of record as of the close of business on November 14, 2014.
October 23, 2014 – Farm Equipment

Caterpillar Crushes Expectations And The Stock Is Going Nuts
Caterpillar's Q3 financial results beat analysts' expectations, and now the stock is spiking.
October 23, 2014 – Business Insider

German engine manufacturer Deutz not to meet full year earnings
German engine manufacturer Deutz Group warned that a third quarter dip in sales revenue and warranty issues concerning its Compact Engines segment meant the company will not meet its previous forecast for the financial year 2014.
October 22, 2014 – World Highways

Atlas Copco Posts Record Q3 Revenues
Sweden-based construction and industrial equipment manufacturer Atlas Copco posted SEK 23.6 billion (about U.S. $3.24 billion) in the third quarter, a 14.8-percent increase compared to the same period a year ago.
October 22, 2014 – RER

Jason Andringa Transitioning to Vermeer President, CEO
Vermeer Corp. announced that a third generation of the Vermeer family is set to lead the company into the future with the transition of Jason Andringa to President and CEO effective Nov. 1, 2015.
October 21, 2014 – Utility Conrractor

Titan International CEO provides outlook for future of industry
Titan International CEO Maurice Taylor has released an outlook for the future of the tire industry.
October 21, 2014 – OEM Off-Highway

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