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
Judge Rules for Manitowoc in Patent Case Against SANY
The United States International Trade Commission has issued an initial determination that Sany infringed on patents held by Manitowoc.
July 23, 2014 – Construction Equipment
Calder Brothers Celebrates 20 Years in Business
Calder Brothers Corporation, manufacturer of Mauldin Paving Products, celebrated its 20th year of operations on June 27 in a private function held at its factory in Taylors, S.C.
July 23, 2014 – Construction Equipment Guide
Yanmar and Kobelco Agree to Expand Exchange of Mini Excavators
Yanmar Construction Equipment Co., Ltd. and Kobelco Construction Machinery Co., Ltd. have reached an agreement on the expansion of the OEM supply of mini excavators.
July 23, 2014 – forconstructionpros.com
Hiab sees sales and profits growth in H1
Cargotec's Hiab business has posted a growth in orders, sales and operating profits for the first half of 2014.
July 22, 2014 – Cranes Today
Manitex Buys Italian Manufacturer
Manitex International, Inc., Bridgeview, Ill., a manufacturer of cranes and specialized material and container handling equipment, announced that it has reached an agreement to acquire PM Group S.p.A., San Cesario sul Panaro, Modena, Italy.
July 21, 2014 – Diesel Progress
Caterpillar says it's likely to win IRS tax case
Caterpillar Inc. believes it is "more likely than not" to persuade U.S. tax authorities that it complied with tax rules in pursuing a strategy that shifts profits to a Swiss subsidiary, the company said in a securities filing Monday.
July 21, 2014 – MarketWatch
Komatsu Supports Human Resource Development Project in Liberia by the Japanese Government and UNIDO
Komatsu Ltd. (President and CEO: Tetsuji Ohashi) has been supporting the "plan to Create Employment Opportunities for Youth in the Mining, Construction and Agriculture Sectors," financed by the Japanese government and managed by the United Nations Industrial Development Organization (UNIDO).
July 19, 2014 – AED
Atlas Copco Boosts Revenue 7 Percent in Q2
Atlas Copco's revenues increased 7 percent in the second quarter to SEK 23.348 billion (about U.S. $3.4 billion), compared to SEK 21.843 billion in the second quarter of 2013.
July 18, 2014 – RER
First half sales rise at Manitou
Manufacturer Manitou reported first half sales of ?642 million, up 9% year-on-year.
July 18, 2014 – International Rental News
Terex to Relocate DEMAG Operations
Terex Corporation will relocate production of its Demag overhead cranes from its current Houston location to a newly upgraded Oklahoma City (OKC) facility.
July 18, 2014 – Construction Equipment
Volvo Q2 Revenue Drops on China Downturn
Volvo Construction Equipment's revenue declined 9 percent in the second quarter as growth in North America and Europe was unable to compensate for a sharp drop in demand in China.
July 18, 2014 – RER
Sales slip for Sandvik Construction
Sandvik Construction's sales for the second quarter of 2014 were down -3% on a year ago to SEK 2.28 billion (US$ 335 million).
July 17, 2014 – International Construction
John Deere & BASF to Develop Precision Farming Tools
Further developing their partnership, John Deere and BASF have signed an agreement which covers the joint development of integrated precision farming solutions aiming to significantly enhance arable farming productivity.
July 17, 2014 – USAgnet
Lowe Manufacturing celebrates 40th anniversary
Lt. Gov. Rebecca Kleefisch, State Sen. Dale Schultz and four members of the Wisconsin State Assembly attended the 40th anniversary celebration for Lowe Manufacturing Company, Monday, July 7.
July 16, 2014 – LaCrosse Tribune
Manitowoc Announces New Vice President of Global Marketing
Manitowoc has appointed Ion Warner as vice president, global marketing. Warner brings 28 years of automotive and industrial manufacturing experience to Manitowoc.
July 15, 2014 – forconstructionpros.com
Video: Bobcat Company Millionth Loader Ceremony, July 12, 2014
Bobcat Company marked its millionth loader milestone on July 12, 2014, with its valued employees and the community of Gwinner, North Dakota, home to Bobcat's primary production facility.
July 14, 2014 – forconstructionpros.com
Kinze Continues Progress on World's First Electric Multi-Hybrid Planter
Kinze Manufacturing, Inc. continues progress on the world's first electric multi-hybrid planter, with six planters having successfully been used for planting on test plots in Iowa, Illinois and Indiana this spring.
July 14, 2014 – Farm Equipment