Home | Supported By | Contact Us

Industry News

Manufacturing

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.
International Construction – 7/24/2014

Caterpillar 2Q Profit Rises, Revenue Declines
Caterpillar's second-quarter net income rose 4.1 percent even as revenue slipped.
ABC News – 7/24/2014

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.
RER – 7/23/2014

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.
forconstructionpros.com – 7/23/2014

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.
Construction Equipment Guide – 7/23/2014

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.
Construction Equipment – 7/23/2014

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.
Cranes Today – 7/22/2014

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.
Diesel Progress – 7/21/2014

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.
MarketWatch – 7/21/2014

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).
AED – 7/19/2014