Kobelco Ramps Up Parts Inventory at Distribution Center
Kobelco employees work stocking shelves at the company's parts distribution facility in Houston.
Kobelco Construction Machinery USA has made a significant amount of progress in the relaunch of its brand across North America since announcing the company would end its joint venture agreement with CNH at the end of 2012
May 20, 2013 – Construction Equipment Guide
Cat Settles Chinese Mining Deal
Caterpillar and ERA Mining Machinery Ltd. (MML) have resolved all outstanding issues following Caterpillar's acquisition of the company. The acquisition included ERA's wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing Co. Ltd.
May 17, 2013 – Construction Equipment
25,000th Large Square Baler is Built in Hesston, Kansas
In 1978, Hesston Corporation introduced the Model 4800, the industry's first large square baler, revolutionizing hay production and feeding practices at a time when labor availability and fuel prices were driving a need for innovations on the farm. Big square balers have come a long way since then, and on May 16, 2013, a large crowd gathered at AGCO's Hesston Operations to celebrate the 25,000th large square baler built in Hesston, Kan.
May 17, 2013 – Farm Equipment
John Deere downgrades 2013 forecast
John Deere has revised its full-year forecast for construction and forestry equipment sales downwards after its weak start to 2013 continued, impacted by lower sales and higher production costs.
May 17, 2013 – International Construction
Terex Repays $220 Million of Senior Term Bank Debt
Terex Corp. last week announced that it has repaid $220 million of the company's senior term bank debt due 2017, effective immediately.
May 17, 2013 – RER
Volvo opens Russian factory
Volvo Construction Equipment (Volvo CE) has inaugurated a news 20,660 m2 excavator factory in Kaluga, Russia. The SEK 350 million (US$ 52 million) facility is Volvo CE's first factory in Russia, its seventh to produce excavators and is one of 16 production plants worldwide.
May 17, 2013 – International Construction
Donaldson Announces Third Quarter 2013 Financial Results
Donaldson Company's 2013 third quarter financial results show a decline in sales, but a record operating margin of 15.9%.
May 17, 2013 – OEM Off-Highway
Study: Ag Contributes $37.9 Billion to Indiana Economy
Agricultural industries contributed $37.9 billion to Indiana's economy in 2011, according to a new report from Indiana University's Kelley School of Business.
May 17, 2013 – US Ag Net
Navistar Sells Recreational Vehicle Business
Calling it "another important step in company's turnaround plan," Navistar, Inc., said that Allied Specialty Vehicles (ASV), a $1 billion sales producer of specialty vehicles to the fire and emergency, commercial and industrial and recreational vehicles markets worldwide, has purchased certain assets of Navistar RV, a manufacturer of motorized and towable recreational vehicles, which includes the Monaco, Holiday Rambler and R-Vision brands.
May 16, 2013 – Diesel Progress
Mahindra USA Announces 2013 Women in Ag Scholarship Winners
Mahindra USA, Inc. is proud to announce the winners of its 2012 / 2013 scholarship program benefiting young women studying agriculture, the "Mahindra Tractors' Women in Ag Scholarships." Since 2007, Mahindra USA has sponsored the Women in Ag Scholarship Program to recognize the important role that women play in the future of the agricultural industry.
May 16, 2013 – Farm Equipment
Deere's Sales, Net Up 9% in 1st Half
Net income attributable to Deere & Company was $1.084 billion, or $2.76 per share, for the second quarter ended April 30, compared with $1.056 billion, or $2.61 per share, for the same period last year.
For the first six months of the year, net income attributable to Deere & Company was $1.734 billion, or $4.41 per share, compared with $1.589 billion, or $3.91 per share, last year.
May 15, 2013 – AgriMarketing.com
Mutual Fund Now Owns 12% Of CNH
During the fourth quarter of 2012, Southeastern Management, a large mutual fund managed by billionaire Mason Hawkins, initiated a position of 1.5 million shares in CNH Global, a $10 billion market cap manufacturer of farm and construction machinery.
May 15, 2013 – AgriMarketing
Bobcat Company Breaks Ground on $20 Million Expansion
Bobcat Company has officially broken ground on its $20 million renovation and expansion to create the Acceleration Center in Bismarck, N.D. When complete, the Acceleration Center will be a modern complex for advancing innovation where professionals utilize technology and modern design to ensure the position of Bobcat as the leader in the compact equipment industry.
May 15, 2013 – AED
CNH Invests $13 Million in New Parts Facility
CNH Parts & Service, the product support division of agricultural and construction equipment maker CNH Global N.V., has announced plans to invest more than $13 million to equip and lease a new facility at 210 South Enterprise Drive in Lebanon, Ind., in the Lebanon Business Park. Once fully operational and staffed, the new facility is expected to support 100 new area jobs.
May 14, 2013 – Utility Contractor
Boom boost for Manitex revenue in Q1
Boom truck sales and improved commercial activity were the major reasons behind an increase in Manitex's revenues for the first quarter of 2013. The company reported that net revenues rose 39% to a record $59.6m, compared with $42.8m in 2012.
May 14, 2013 – Cranes Today
Fiat Industrial Opens Argentine Plant
Fiat Industrial has opened a new agricultural machinery and engine plant in Córdoba, Argentina. The investment is part of a U$ 130 million plan the company announced in 2011.
May 13, 2013 – Diesel Progress
U.S. Small Tractor Sales Up 6%, Combine Sales Soar
According to the Association of Equipment Manufacturer's monthly "Flash Report," the sale of all tractors in the U.S. for April, 2013, were up 6% compared to the same month last year.
May 13, 2013 – AgriMarketing
Deutz wins high level of new orders in first quarter of 2013
Deutz AG has recently presented its financial results for the first quarter of 2013, reporting a sharp rebound in its volume of new orders. This represents a continuation of the encouraging trend that first emerged in the previous quarter.
May 13, 2013 – Mining World
Revenues jump at Kubota
Japan-based equipment manufacturer Kubota is bullish on prospects for 2014 after reporting increases in revenues and net income for the fiscal year to 31 March, 2013.
May 10, 2013 – International Construction
Caterpillar, union workers halt contract talks
Major developments happened overnight in the Caterpillar contract talks.Those talks have stopped between the company and its union workers, and neither side agreed to schedule new meetings.The existing contract for 800 Caterpillar workers expired 10 days ago.Last week, the union rejected the company's six-year contract proposal by an overwhelming majority.
May 10, 2013 – NBC News