Sany and Palfinger finalise and sign new mutual shareholdings deal
Chinese construction equipment manufacturing giant Sany and leading innovative lifting solution manufacturer Palfinger have finalised and signed contracts for the expansion of their mutual shareholdings.
December 11, 2013 – World Highways
CNH Industrial Parts & Service Unveils Third Location in Lebanon, Ind.
CNH Industrial Parts & Service, the aftersales product support division of CNH Industrial, unveiled its $13 million Special Processing Center at 210 South Enterprise Drive in Lebanon, Ind., at an official grand opening event and ribbon-cutting ceremony for dealers, suppliers, local and state officials and media.
December 10, 2013 – Compact Equipment
John Deere Plans to Sell Debt
A gauge of U.S. corporate credit risk climbed from a six-year low as concern that lawmakers may fail to reach a budget deal overshadowed better-than-forecast economic data. Deere & Co. plans to sell $1.25 billion of bonds.
December 10, 2013 – Farm Equipment
Sany America names Mike Rhoda its new CEO
Mike Rhoda has been named chief executive officer of Sany America, replacing Tim Frank, who resigned in October.
December 10, 2013 – Equipment World
Cummins Named Diesel Progress North American 2013 Newsmaker
Diesel Progress North American magazine has named Cummins Inc. as its 2013 Newsmaker of the Year. It is the third time Cummins has been selected as Diesel Progress Newsmaker of the Year. The company was also honored in 2007 and 2002.
December 9, 2013 – Diesel Progress
Terex sells truck business to Volvo Construction Equipment
Terex says it will sell its truck business-which includes off-highway articulated and rigid-frame trucks- to Volvo Construction Equipment in a $160 million cash deal.
December 9, 2013 – Equipment World
Hipower Systems adopts Lean Six Sigma methods
Hipower Systems, Lenexa, Kan., a manufacturer of power-generation and power distribution equipment in the U.S. and Canada, is nearing completion of its effort to implement Lean Six Sigma principles and practices at its manufacturing facility.
December 8, 2013 – Rental Pulse
CNH Industrial Recognized by the CDP as a Leader in Climate Change Transparency
For the third consecutive year, CNH Industrial has achieved a leading position in the CDP's Italy 100 Climate Disclosure Leadership Index (CDLI), with regard to the quality of climate change data it has submitted to the global marketplace through CDP, the world's only global environmental disclosure system.
December 8, 2013 – AED
Mahindra Tractors sells 22343 units in domestic market during November 2013, registers 13% growth
Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 16.2 billion Mahindra Group, has announced its tractor sales numbers for November 2013 which stood at 22343 units in the domestic market, as against 19757 units during November 2012, a growth of 13%.
December 8, 2013 – Equity Bulls
Ag Leader Opens New Distribution Center
In order to provide more space for order fulfillment and finished goods storage, Ag Leader Technology, Inc. announced that it has opened a new distribution center in Ames, Iowa.
December 6, 2013 – Precision Pays
JCB is investing in its UK manufacturing
Equipment manufacturer JCB plans to invest ?179.5 million (£150 million) in its manufacturing facilities in the UK. The investment will be targeted at its operations in Staffordshire and this will add some 2,500 to the firm's payroll by 2018.
December 6, 2013 – World Highways
Kobelco Eyes US Comeback With New Plant
Kobelco Construction Machinery plans to build an American factory as early as 2015 to meet growing demand for equipment used in real estate development and shale gas production, according to the company.
December 5, 2013 – Construction Equipment Guide
AGCO Parts Opens Woodstock, Ontario, Distribution Center to Better Serve Eastern Canada
AGCO, a worldwide manufacturer and distributor of agricultural equipment, has opened a full-stocking parts distribution center (PDC) in Woodstock, Ontario, to ensure customers in Eastern Canada have the right parts when they need them most.
December 5, 2013 – Farm Equipment
Kubota to Build First European Tractor Factory
Japanese farm machinery maker Kubota has announced it will be building its first European tractor factory in northern France, according to a report in the British publication Farmers Weekly.
December 5, 2013 – Farm Equipment
Foster Announces Terex Finlay Initiative in Southern Africa
Enterprise Minister Arlene Foster has announced that Terex Finlay is strengthening its position in Southern Africa.
December 4, 2013 – Construction Equipment Guide
Cargotec Establishes Chinese JV
Cargotec has established Sinotruk (Shandong) Hiab Equipment Company a joint venture with the China National Heavy Duty Truck Company (CNHTC).
December 3, 2013 – Cranes Today
Wacker Neuson's "targeted measures" fuelling success in 2013 and beyond
Wacker Neuson's (WN) "targeted measures" are said to be expanding the German construction equipment manufacturing group's presence in Europe and the Americas which, coupled with a greater reach into other markets, has left WN well placed for success in 2014.
December 3, 2013 – World Highways
Deere Expands Share Buyback Program by $8 Billion; Announces Quarterly Dividend
The Deere & Company (DE) Board of Directors today authorized the repurchase of up to $8 billion of additional common stock. The Board also declared a regular quarterly dividend of $.51 a share on common stock, payable February 3, 2014 to stockholders of record on December 31, 2013.
December 3, 2013 – Farm Equipment
Manitex Acquires Valla
Manitex International, a provider of engineered lifting products, has completed the acquisition of Valla SpA of Piacenza, Italy.
December 3, 2013 – Construction Equipment
Rockland Mfg. Partners with Hartl Crusher
Rockland Mfg. has recently announced it has become a partner with Hartl Crusher, an Austrian company that specializes in crushing and screening equipment. Rockland has become the exclusive distributor for the United States and Canada of Hartl products.
December 2, 2013 – Compact Equipment