Archive for January, 2010

Modine lands contract with Volvo Construction (2005-4-29)

For the next six years, Modine Manufacturing Co. will supply Volvo Construction Equipment with engine cooling modules for various product lines. Racine-based Modine said the contract is estimated to be worth more than $20 million per year through 2010.Modine spokeswoman Lori Stafford said the company\'s annual business with Volvo Construction has grown to about $4.5 million currently--before the new contract.Modine will supply Volvo with cooling modules for excavators, wheel loaders and articulated haulers in the medium- to heavy-duty categories. Volvo Construction Equipment, headquartered in Brussels, Belgium, is one of the world\'s largest manufacturers of construction equipment, Modine reported.(Source: journaltimes.com) … Continue reading

Reorganization for GM Powertrain (2005-5-8)

General Motors Powertrain named Greg Deveson vice president of GM Powertrain Europe and Walter Othero as general manager of GM Powertrain Latin America. GM Powertrain group vice president Tom Stephens announced the appointmens that will be effective upon the dissolution of the Fiat-GM Powertrain joint venture. The dissolution is expected to be completed by May 13."Both GM Powertrain Europe and GM Powertrain Latin America have specialized expertise, for example, in designing diesel and ethanol fueled engines, respectively," said Stephens. "And we need to deploy these technologies globally. GM Powertrain Europe and GM Powertrain Latin America will also be responsible to GM Europe (GME) and GM Latin America, Africa and Mid-East (GM LAAM) for tuning engines and transmissions for the unique vehicle needs in those regions. These appointments are the next step in the further development of GM Powertrain as a global organization," added Stephens. " A globally integrated GM Powertrain organization… Continue reading

Loughrey Named President of Cummins, Kelly To Run Engines (2005-5-8)

Joe Loughrey has been named president and chief operating officer of Cummins Inc. Loughrey, president of Cummins engine business since October, 1999, has been with Cummins for 31 years. The move is part of what the company terms a strategic reorganiztion designed to further promote execution and growth among Cummins\' businesses." Coming off a record year in 2004 and an outstanding first quarter in 2005, Cummins is not content to rest on its recent successes," said Tim Solso, Cummins chairman and CEO. "We are restructuring critical elements of the company to help us better execute our plans, grow faster - especially in developing markets - capture more synergies between businesses and generate more profit for shareholders."Succeeding Loughrey as President of the Engine Business will be Jim Kelly who has served as vice president and general manager of Cummins midrange and heavy duty engine businesses. Rick Mills will become president of the… Continue reading

Bosch Diesel Opens Plant in Czech Republic (2005-5-8)

Bosch Diesel opened a new manufacturing plant in the Czech Republic near the town of Jihlava, about 100 kilometers east of Prague on Thursday, marking further expansion in this former communist country. The plant is an expansion of an existing facility and is designed to manufacture high-pressure pumps. The new plant cost € 100 million (US$129.54 million). The expansion increases Bosch Diesel\'s employment in the Czech Republic to more than 5800 people in the Jihlava region with total investments exceeding € 505 million.(Source: Diesel Progress) … Continue reading

Hyundai Heavy Wins US$20MLN Shipbuilding Order (2005-5-9)

The Hyundai Heavy Industries Co., the world\'s largest shipbuilder, said Sunday it had won US$20 million in orders to build about 340 construction equipment units.The Ulsan, South Korea-based shipbuilder said the orders were secured from its participation in a just ended construction equipment fair called SAMOTER in Italy, one of the three largest industry exhibitions in Europe."In particular, our newly-developed 11-ton excavator and a mini-excavator designed to work in busy urban areas attracted a lot of attention during the exhibition," a Hyundai official said.Hyundai Heavy\'s sales rose 45 per cent in the European market last year alone, and the company expects sales to increase more than 35 per cent this year.(Source: yahoo.com) … Continue reading

Atlas Copco to Increase Manufacturing Capacity in Sweden (2005-5-9)

Atlas Copco is to expand its facilities in Orebro, Sweden, for the manufacturing of mining and tunneling equipment. The company is to invest MSEK 40 (approx. MEUR4.4) in a new plant for the assembly of loaders and mine trucks.Bjorn Rosengren, Business Area Executive, Construction and Mining Technique, emphasizes that the move is a part of a long term strategy of Atlas Copco\'s Underground Rock Excavation division. "We have a positive view of the future and this is another step in our plan to increase capacity," he says. "It is also a timely development in view of the many new products that we have recently added to our range."The investment is the latest in a series of moves to concentrate and expand the company\'s construction and mining business in Orebro, including the transfer of the loader assembly facilities from Portland, Oregon, the United States in 2003.The new facility is expected to lead… Continue reading

China Yutong Heavy Industry Company Developed Environment-friendly Loaders (2005-5-9)

Loaders are widely used in the coal mines of Shanxi Province, but the present loader can not meet the market demand due to their low efficiency and high pollution. After years of market research, Yutong has developed the 961A loader with a bucket capapcity of around 6 cubic meters. The machine features high efficiency and low fuel consumption.As to price, the 961A is only one third that of the imported one. The Euro II compliant engine can help to protect the environment. Different from the other manufacturers, Yutong has developed, designed and manufactured 961A\'s transmission system, with its about 40 years of experience. … Continue reading

Komatsu profit doubles, sees another record year (2005-5-10)

Japanese construction machinery maker Komatsu Ltd. reported stronger-than-expected annual earnings on Monday and said it expected another record year on demand from mining and energy projects around the world.Equipment makers including Komatsu\'s bigger rival, Caterpillar Inc., are benefiting from continuing strength from the mining, energy, transportation and construction businesses despite a fall-off in demand in China since last May."We expect demand for our construction and mining equipment to continue to expand in North America and in almost every market in the world, helped by higher investments in mining projects and social infrastructure," Komatsu said in a statement."Brisk capital investment by car makers will boost sales of industrial machines...offsetting the adverse impact from high raw materials costs," the company said.Komatsu\'s group net profit for the year ended March more than doubled to a record 59.01 billion yen ($561 million), beating a consensus estimate of 51.31 billion yen in a poll of 17… Continue reading

JLG to release 2005 third quarter results May 24 (2005-5-10)

JLG Industries, Inc. will release its fiscal results after market close on Tuesday, May 24, 2005.The Company will host a conference call and webcast with accompanying presentation on Wednesday, May 25th at 9:00 a.m. Eastern Time accessible from www.jlg.com.JLG Industries, Inc. is the world\'s leading producer of access equipment (aerial work platforms and telehandlers) and highway-speed telescopic hydraulic excavators. The Company\'s diverse product portfolio encompasses leading brands such as JLG (R) aerial work platforms; JLG, SkyTrak, Lull and Gradall telehandlers; Gradall excavators; and an array of complementary accessories that increase the versatility and efficiency of these products for end users.(Source: aednet.org) … Continue reading

Tadano plans expansion in North America (2005-5-11)

Japanese manufacturer Tadano is planning to triple its business in North America by the time the next Conexpo comes around.That is the target that has been set for Tadano America Corporation president Ken Sawada, he told Cranes Today.In the financial year just ended, to 31 March 2005, Tadano had revenues of about $30m in North America, from rough terrain and all terrain cranes, truck loaders and its new line of boom trucks. The target for 2008 is $100m.Sawada said that the target was not realistic because Tadano was still a small player in the market and there was plenty of room to grow.He said that he was planning to appoint more dealers across the continent and hoped to make an announcement soon. As well as having more distributors, Tadano is also planning to have more product to offer. The boom truck series, developed initially for an order from Grove distributor Coast… Continue reading