Anshan Senyuan Road & Bridge Maintaining Machinery Manufactory launched six kinds of road maintenance trucks.It is the giant in the industry of country road maintaining machinery manufacture, which has been undertaking 863 items for two years, and provides lots of economic road maintaining equipment with advanced performance. Launched these six kinds of special road maintaining trucks will greatly step renew of hi-tech products. These six kinds of special road maintaining trucks are as following: AD5100TCS snow remover AD5140TRX asphaltic road heat recovery truck AD5140TLX asphaltic mixture recovery truck AD5140TLZ asphaltic mixture recycle truck AD5070TGF multifunctional pouring truck AD5070TLZ multifunctional asphaltic road recovery truck
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Japan-based manufacturer Kobelco Cranes Company has shipped six cranes to the US to be sold under the Manitowoc brand on an OEM basis.In November 2003, an agreement was reached between the two companies whereby Kobelco, who will not disclose the financial aspects of the deal, build cranes to order for Manitowoc.The largest of the cranes to be delivered was a model 12000 crawler crane with a lifting capacity of 120t (132 USt). The lattice boom crane has a 230ft long main boom reeved with a 10-part line. A Mitsubishi turbo diesel engine supplies 332hp at 2,000rpm. The crane offers up to 310ft of reach with optional luffing attachments. It has a maximum line speed of 535fpm and handles up to 12.5t (14 USt) of material in clamshell mode.Kobelco is also supplying models 5000, 5500, 8000, 8500 and 10000. These cranes range from lifting capacities of 45t (50 USt) to 91t (100… Continue reading
Japanese stocks slid after reports showed that overseas buying of equities fell to the lowest in six weeks and machinery orders declined. Mitsubishi Tokyo Financial Group Inc. and Fanuc Ltd. dropped. "Buying from foreign investors is slowing down and they\'ve been the driving force" behind gains in the stock market, said Koichi Ogawa, who helps oversee $28 billion at Daiwa SB Investments Ltd. in Tokyo. "The drop in machinery orders could be used as an excuse for investors to sell." The Nikkei 225 Stock Average fell 95.13, or 0.8 percent to 12,512.46 as of 2:19 p.m. in Tokyo. The broader Topix index lost 9.65, or 0.7 percent to 1275.87. Banks and machinery makers accounted for almost a fifth of the index\'s decline. Some investors are also selling ahead of elections on Sept. 11, which will decide whether Prime Minister Junichiro Koizumi can bolster his authority, according to Ogawa. The Nikkei has… Continue reading
Dow Jones has added Cummins Inc. to its Sustainability World Index of 2005, which represents the top 10 percent of the worlds largest 2,500 companies.Cummins says its addition to the index is a recognition of the company\'s economic, environmental and social leadership.The updated index will be unveiled at the opening of the equity markets on Sept. 19.Of its 28,000 employees nationwide, Cummins employs about 450 people in Memphis, where it makes and remanufactures diesel components and engines.Cummins is one of 44 global companies incluced in the World Index\'s industrial goods and services sector and only one of two U.S. companies added to that sector this year.Dow Jones considers several issues when reviewing a company for inclusion: corporate governance, codes of conduct, environmental policy and procedures and the scope of their application, environmental management systems, corporate citizenship and philanthropy, labor practices and employee development."Cummins strives to be a good steward of all… Continue reading
Caterpillar Inc. announced today the expiration of its offer to exchange new 5.30 percent debentures due September 15, 2035 (CUSIP No. 149123 BL4) for its 9.375 percent debentures due March 15, 2021, and its 8.00 percent debentures due February 15, 2023. The exchange offer expired at 5 p.m., New York City time, on September 8, 2005. As of the expiration date, $115,523,000.00 of the debentures due 2021 and $117,846,000.00 of the debentures due 2023 have been validly tendered and not withdrawn, and Caterpillar Inc. will accept all such debentures validly tendered and not withdrawn. Upon settlement of the exchange offer, Caterpillar Inc. will issue approximately $307,000,000 new 5.30 percent debentures due 2035. The settlement date is expected to be September 13, 2005.(Source:CAT-news)
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"This year\'s export sales is likely 4-5 times of last year",said Gao, the chief of Sany international department. Only from January to April, the export sales reached the totally of last year. And it is predicted this year\'s export sales will be US$ 50 million.Besides Sany, Xugong Group accumulatively achieved export for earning foreign currency US$40.72 million from January to June, increased by 174% compared with the same period last year, and exceeded full last years\' export. Guilin Liugong exported full machine 330 sets from January to July earning foreign currency US$15 million, increased by 167% and 135.7% respectively. And Anhui Folklift Group\'s export increased by 61.2% of these 6 months of this year compared with the same period last year.
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IHISCE (Xiamen) Construction Machinery Co., Ltd. successfully completed plant building and equipment installation of production line, and meanwhile produced IHISCE 60N hydraulic excavator firstly made in China. As the new member of Xiamen construction machinery,HIHSCE (Xiamen) Construction Machinery Co., Ltd. was set up on October 22, 2004, a joint venture invested by IHI Construction Machinery Co., Ltd.,the world famous manufactory, and SCE in Xiamen. The plant mainly involves in production, sales and maintenance of IHI micromidi hydraulic excavators. This company introduced the advanced technology ofmicromidi hydraulic excavator from world famous IHI, in step with IHI\'s global technology development, with secure excellent quality and good after services.IHI\'s major products IHI micromidi hydraulic excavator features boom side swing and anury cyclotron. Its low trouble,low oil consumption, fexible and easy operation,durability and quality products are famous in the world, which sell well long time in Europe and America.IHISCE is powerful in the excavator market… Continue reading
Delphi Corp. said it has been selected by Hyundai and Kia Motors have selected to supply Euro V diesel common rail system for two engine families. Delphi will supply the pump, injectors, rails and electronic control unit to help Hyundai-Kia meet Euro V emission standards. Further details of the contract were kept confidential at Hyundai-Kia\'s request. (Source:dieselpub)
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What began as an "old tin shed" in rural Cedar Falls has evolved into the creative center for the best-selling tractors and agricultural equipment in the world.And it celebrates its 50th birthday today and Saturday.The John Deere Product Engineering Center marked its 50th anniversary of existence today and Saturday with a celebration for its current and former employees and their families.From the so-called "New Generation" of Deere tractors conceived in the mid 1950s, to the mammoth 8000 and 9000 series tractors of today, the PEC "has been a linchpin for the company\'s global expansion sustained profitability and ongoing growth," said Klaus Hoehn, Deere\'s director of worldwide tractor and component engineering.The PEC is Deere\'s largest engineering facility. "It is also the largest tractor and component engineering facility in the agricultural machinery business worldwide," company officials said."Unique in our industry and only at PEC, we have...the most advanced modeling and test laboratories, in… Continue reading
On a sweltering August morning, dozens of diesel freight trucks bound for Beijing sit on the mountainside off-ramps of the Badaling Freeway, where sweating drivers spray a cooling mist on brakes hot from the descent.Convoys of the big trucks roar past, carrying sacks of rice, stacks of celery and loads of fresh vegetables destined for the grocers and cafes that serve Beijing\'s 14 million residents.Long known for rickshaws and rice paddies, China today is characterized by machine tools and assembly lines, 300 million workers and a bustling freight-truck market that reaches all the way to Southern Indiana.Columbus diesel maker Cummins Inc., one of Indiana\'s oldest manufacturers, earns multimillion-dollar profits as a leading diesel supplier in China, producing engines in its Chinese joint-venture plants.Factory workers across Indiana and the United States fear exports from low-wage Chinese industries could wipe out their jobs.While exports do help drive the modern Chinese economy, the country… Continue reading
