Archive for December, 2009

Major Mine Equipment Order For Finning (2004-11-6)

Finning International Inc, the Vancouver-based Caterpillar dealer, said its South American division has received a significant order for mining equipment from Compania Minera Riochilex S.A., a subsidiary of BHP Billiton, and owner of the Spence Copper Project in northern Chile. The sale includes 21 Caterpillar 793C off-highway trucks, two Cat 994D wheel loaders and 15 additional Caterpillar machines and support equipment with a total value of approximately $69 million.Deliveries will take place throughout 2005, with all equipment in operation by December 2005. A Finning maintenance and repair contract covering the first five years of operations is currently being negotiated. The customer also has optons on four additional 793C trucks and one additional 994D loader with a combined value of approximately $9 million. The fleet will be used in the extraction and transport of material at the Spence mine, which is estimated to have a mine life of approximately 19 years.(From Diesel… Continue reading

Nissan, Mitsubishi To Introduce Urea SCR Trucks (2004-11-5)

Nissan Diesel Motor Co. has unveiled a 15-ton truck featuring its proprietary urea SCR system at the Tokyo Motor Show. The Japanese truck manufacturer said the vehicle will be officially introduced later this month. According to press reports in Japan, the government approved the new Nissan truck on November 1. Nissan is apparently getting a head start in marketing trucks that comply with Japan\'s new diesel emissions rules, which will be implemented in October 2005 and are among the tightest in the world.Mitsubishi Fuso Truck & Bus Corp. also displayed a large-commercial-vehicle engine with a urea SCR system at the exhibition, and said it would release a vehicle equipped with the engine before next fall. In both systems, an aqueous solution from urea is sprayed on emissions to promote catalytic reaction, helping to reduce NOx.(From Diesel Progress) … Continue reading

Macro-economic control measures to stay (2004-11-6)

The latest economic indices show that China\'s economy is moving toward an anticipated soft landing as a result of intensive measures taken on the macro side over the past 10 months aimed at curbing excessive investment in overheated sectors.Both the Chinese government and academic circles, nevertheless, have acutioned it is still not the time to celebrate. To achieve the goal of a balanced economic development, those macro-economic control measures should continue to be maintained. This caution was underlined in October at a cabinet meeting presided over by Premier Wen Jiabao.The National Bureau of Statistics has announced that progress has been made in curbing excessive investment during the past three quarters, and national economy grew by 9.5 percent year on year, a fall of 0.3 percentage points over the first quarter.Xie Fuzhan, deputy director of the Development and Research Center of the State Council, said that indicates the government\'s efforts to cool… Continue reading

Deere plans to add 30-40 jobs in the spring (2004-11-8)

Deere & Co. announced Friday that it plans to add 30-40 jobs at its John Deere Davenport Works next spring as a result of an agreement with Bell Equipment Limited of South Africa.Under the agreement, subject to approval by Bell\'s board of directors, the firm will license Deere to manufacture Bell-designed articulated dump trucks in North America and Deere will license Bell to manufacture Deere-designed side-shift backhoe loaders and 4-wheel-drive loaders in South Africa.Currently, Bell supplies the trucks to Deere for resale under the Deere brand name, principally in North America. The new arrangements are designed to provide significant cost-reduction opportunities and leverage the advantages of local manufacturing for both parties. Deere is a 32 percent shareholder in Bell."Bell and Deere are committed to providing the highest-quality products at competitive prices," said Pierre Leroy, the president of Deere\'s Worldwide Construction & Forestry Division. "This collaboration will enable both companies to minimize… Continue reading

Komatsu gains from surge in mining (2004-11-9)

Komatsu, Japan\'s biggest maker of construction machinery, said that profit in the first six month of its fiscal year tripled to a record, aided by rising demand for equipment used in mines and on building sites. The company raised its forecast for net income for the full year.Net income for the six months that ended Sept.30 rose to ¥26 billion, or $245 million, from ¥9.4 billion a year earlier, the company said in a statement released through the Tokyo stock exchange. Sales rose to ¥684 billion from ¥568 billion a year ago.Caterpillar, the world\'s largest maker of earth-moving equipment by sales, and Komatsu, are benefiting from demand for mining equipment to raise mineral output amid global economic growth."They were helped by a very strong market condition, with the exception of China," Richard Roberts, an analyst at Credit Suisse First Boston, said of Komatsu\'s earnings. Slower demand in China was "not a… Continue reading

China\’s Construction Machinery Market (2004-11-8)

Due to Chinese governement\'s measures to slow down the economy, the sales of construction machinery decreased month by month from from the second quarter. From the end of the first quarter to August, the sales income and the total production value fell month by month. In September, things became better, sales income getting increased. … Continue reading

Kobelco sells assist crane (2004-11-10)

Heerema Marine Contractors has bought a Kobelco CKE2500 crawler crane to adapt for its Balder deepwater construction vessel. The 250t capacity crane is replacing the previous assist crane that helps the Blader\'s 2700t capacity port crane and 3600t starboard crane.To operate in extreme weather, the CKE2500 has been specially prepared with marine paint and several back-up systems, from double brake systems on the winch to an electric back-up system approved by Lloyd\'s Register in case of engine failure.For enhanced visibility, the cab is raised to 4m above the deck of the vessel.The 64m boom offers a maximum working radius of 58m. A 3m long auxiliary sheave (goose neck) is fitted on the boom top for the auxiliary hook running from the first drum. An additional sheave for the man-riding winch is mounted in the middle of the auxiliary sheave. The man-riding winch is mounted in the boom foot.The crane is expected… Continue reading

BMW China sales surge 11% (2004-11-10)

German carmaker BMW AG reported an 11 percent rise in sales in China in the first 10 months of the year Tuesday and was bullish about the Chinese market.The company reported a smaller-than-expected 7.6 percent rise in third-quarter pretax profit last week, but reaffirmed its forecast for record revenue, earnings and car sales this year."In the first 10 months of this year, BMW\'s sales in China were up 11 percent. Eleven percent is more than our global growth rate for BMW for the first 10 months," chief executive Helmut Panke said. At a conference of global CEOs in Beijing, Panke dowplayed concerns about slowing growth of car sales in China, which has among the fastedst growth in the sector anywhere on Earth."We should not overestimate the current situation because, after all, the automotive market in China has grown by 27 percent for the first three quarters," Panke said."I think, on the… Continue reading

Kyes and modern composition wheeled car loader strategic alliance–Information center–China engineering machinery business network

　　in November, 2007, from the Wisconsin morning paper\'s news, the Kyes group and the modern group will be being located at American Wisconsin Lasin the Kyes group headquarters to sign the wheeled car loader strategic alliance agreement, the modern age will have produced the large-scale wheeled car loader for Kyes. According to the agreement, the modern generation of labor\'s Kyes wheeled car loader most is earlier than March, 2008 presents publicly on the Las Vegas engineering machinery exhibition, and in North America, European, Middle East and African area sale.   　　Kyes present in places such as Italy, Brazil is equipped with the wheeled car loader Manufacturing works, Kyes\'s wheeled car loader altogether 5 models, fights accommodates 2.25~5.5 m3, including Kyes\'s classics Z series, XT series and high-lift series. The agreement has not shown the modern age for the Kyes generation of labor concrete car loader model. Through the strategic alliance, the modern age will obtain Kyes in the fund, the marketing… Continue reading

The Truss · popular science tan oak the achievement is good in the first quarter–Information center–China engineering machinery business network

　　on April 24, 2008, the Truss · popular science tan oak had issued its first quarter earning report, it maintains the high rate of increment in all service domain and in all region market. 　　“we to found a development momentum strong quarter, but proud, at present, we already continuously 6 years (24 quarters) maintained the sustained growth,” Truss · popular science Ke president concurrently chief executive officer Gunnar Brock said. “the internal growth was still very strong in the emerging market, at present occupies the order volume to surpass all order forms which the group receives 40%.” 　　Although receives the material cost enhancement and the exchange rate reversion development adverse effect, the income still grew 28% same time, achieves 171.22 hundred million Swedish krona, the internal rate of increment reaches as high as 18%. The operating profit grew 28%, the profit margin has reached as high as 19.0% (19.0). “in the equipment and the post-sale market… Continue reading