Archive for February, 2010

JCB plans expansion in Faridabad (2005-8-27)

Construction equipment manufacturer, JCB India Ltd on Friday said it is planning fresh investments to rev up production capacity at its facility in Faridabad near here to meet its hiked sales target and new model introductions in the next year."We are planning substantial investments in this plant at Faridabad in Haryana," company CEO and Managing Director Onkar Singh Sunar said. Sunar said the company, which was expecting to touch a turnover of Rs 1,500 crore this year, was looking at making the India facility of JCB as an export hub as well. He, however, did not disclose the exact investment figures. The company had commissioned its Rs 30 crore powder coating paint facility in Faridabad on Thursday. "Our planned investments were in line with the increased sales target and new models to be introduced next year," JCB India Vice-President Sales and Marketing Sandeep Singh said. JCB India had set sales a… Continue reading

Cummins, Scania Form JV to Produce Next-Generation Fuel Systems (2005-8-27)

Cummins Inc. and Scania CV AB announced today that the companies have signed a joint venture agreement to produce next-generation fuel systems for heavy-duty on-highway trucks. Cummins-Scania XPI Manufacturing LLP is a 50-50 joint venture, which builds on Cummins-Scania partnerships on fuel systems development and manufacturing that date to January 1992. The two companies currently work together in Columbus to produce the HPI fuel system, which eventually will be replaced by the XPI (Xtra-High Pressure Injection) system. The XPI common rail fuel system is expected to be manufactured by the joint venture company located at the Cummins Fuel Systems facility in Columbus and at the Cummins plant in Juarez, Mexico. "The XPI system represents the leading edge of fuel systems technology and is a continuation of our strong relationship with Scania," said Cummins President and Chief Operating Officer Joe Loughrey. "The XPI system will be instrumental in allowing Cummins to meet… Continue reading

Terex Cranes boosted by tower sector (2005-8-15)

Net sales in the Terex Cranes group for the second quarter of 2005 increased to $341.5 million from $276.9m in the same period a year earlier. The company said this reflected improvement in all all businesses, particularly in tower cranes.Income from operations increased to $15.7m for the second quarter of 2005 from $12.3m a year earlier."The Terex Cranes group continued its improvement over last year\'s performance," commented Steve Filipov, president-Terex Cranes. "As in the first quarter of 2005, our business experienced an increase in sales due to generally improving market conditions. Our Italian, French, American, and Australian operations all posted substantially increased net sales when compared with their 2004 results. In North America, the growth was mainly attributed to recovering rough terrain and boom truck crane markets. Also positively impacting our business were the price increases we put in place late in 2004, which were intended to recover margin erosion over… Continue reading

Liugong has stepped into international market (2005-8-16)

Guangxi Liugong Machinery has been increasingly stimulating its rapid step into the international market with its products successfully covering 15 countries in 5 continents of the world. Among its production and sales of loader put into second position and just behind Caterpillar (USA), one of the global top 500. … Continue reading

Kobelco Construction Machinery put new excavator into market (2005-8-16)

Kobelco Construction Machinery Co.,Ltd. has developed remote control system on hydraulic excavator and started sales and service of hydraulic excavator with this system in China. Through operating this system, any far customer, in any time, can simply hold running condition of machine by internet or message of mobile, which can prolong the service life of machine and reduce maintenance cost. Besides these, in the case of emergency like theft and failure, the after-sale service staff can reach the site with solution in the shortest time … Continue reading

Deere Posts Small Decline in 2Q Earnings (2005-8-17)

Deere & Co., the maker of John Deere tractors and other heavy machinery, said Tuesday its third-quarter profit fell slightly due to dry weather that hurt demand in some of its businesses. (Source:yahoo.com) … Continue reading

Deere Posts Slight Decline in 3Q Earnings,forecast is cut (2005-8-17)

Deere & Co.\'s profit dipped slightly in its fiscal third quarter as dry weather gripping parts of the nation curbed demand for its trademark farm machinery and lawn-care equipment, the company reported Tuesday.Farm and garden equipment maker Deere & Co. on Tuesday said widespread drought in the United States caused an unexpected decline in quarterly earnings and forced it to cut its full-year forecast, sending shares down almost 9 percent. (Source: yahoo.com) … Continue reading

Liebherr boosts turnover (2005-8-18)

Liebherr Group boosted its turnover by €502 million or 12.3% to €4,590m during 2004. Turnover in the mobile cranes division rose by €121.6m or 14.1% to €985.2m. The construction cranes and mixing technology division also increased its turnover by €70.8m or 21.7% to €397.6m.The maritime cranes division, which encompasses harbour mobile cranes, ship cranes, offshore cranes and container cranes, increased its turnover by €13.6m or 5.3% to €271.5m. Turnover from harbour mobile cranes and container cranes rose significantly while sales from ship and offshore cranes could not quite reach the previous year figure.Western Europe accounts for 66% of the Group turnover, and remains its most important market. In the 2004 business year, the Liebherr Group invested a total of €252.6m worldwide. The number of employees in the Group went up by 1,185 to 22,245. Liebherr claimed its outlook remained positive, despite price rises: "Operating margins are under considerable pressure, since it… Continue reading

Palfinger achieves record results (2005-8-19)

Austrian loader crane supplier Palfinger has reported a revenue rise of 32% in the first half of 2005. Compared with the same six month period in 2004, Palfinger increased its revenue by €63.3m to €253.9m. Earning before interest and tax (EBIT) rose by 118% to €37.4m.Consolidated net profit was more than doubled to €27.7m.The company said: the high level of capacity utilization, the positive performance of the market, good progress in all business areas and the high standard in product development were mainly responsible for the best result in history.CEO Wolfgang Anzengruber, added: thanks to these four reasons Palfinger will continue to achieve record results also for the full year.Cranes remain the company\'s core business, although Epsilon, the forestry cranes division, posted record results, while, as expected, Bison (the work platform division) dragged down the results due to recolation and integration costs to the Eastern European production site. Guima (hook loaders)… Continue reading

Komatsu Forklift USA, Inc. Replaces Kalmar AC Brand of Fork Lifts Aimed at Boosting Productivity and (2005-8-18)

Komatsu Forklift USA, Inc. announces a new division and a new brand of forklifts to be known as Tusk Lift Trucks. Tusk Lift Trucks will replace the Kalmar AC forklift brand which will be phased out over the new few months. Unlike conventional brands, Tusk was developed to change the way the forklift owner thinks about ownership. Highly engineered, the Tusk trucks have easily accessible engines and comfortable operator compartments, resulting in minimum down time and maximum productivity. In a statement about the new brand, Vice President of Marketing Eric Kobori said, "We built this product for the experienced, streetwise forklift buyer who understands that the real costs of owning a lift truck encompass much more than just acquisition price. Tusk is quitely simply the smartest by on the market...for the smartest buyer."As part of the launch, the company will revamp the company\'s dealer support system. Dealer Development Manager, Tom Thomas… Continue reading