Archive for February 7th, 2010

Metso calls for additional distributors (2005-6-1)

Metso Minierals has commenced actively pursuing distributors to meet the growing demand for its Trellex range of conveyor accessories.The Finnish-owned rock and minerals processing OEM concluded after extensive strategic market planning that the best way to meet increasing demand from a bullish minierals sector was to appoint external agents to distribute this line of products.VP for Metso Minerals\' Asia-Pacific WPC (Wear Protection and Conveying) business line, Martin Prestage, said the continuing growth in the minerals sector had highlighted the need to increase Metso\'s sales focus on conveyor components."To take advantage of this opportunity we are looking for suitable distributors to carry probably the world\'s leading brand (Trellex) of conveyor components in partnership with Metso."Metso has distributors and sales units in more than 100 countries. All enjoy extensive support and strong factory backing.Metso Minerals is one of the largest manufacturers of recycling, rock and minierals processing equipment owning several brand names in… Continue reading

Deere Expands Landscape Distribution (2005-6-1)

Deere & Co. announced that John Deere Landscapes has acquired United Green Mark Inc. to enhance its position as a distributor of irrigation, nursery, lighting and landscape materials in the U.S. Deere said the acquisition adds to the company\'s John Deere Landscapes operation, which was formed in 2001 after Deere purchased companies in the wholesale landscape supplies and irrigation industries.United Green Mark has 41 locations in the western United States, mainly in California, and was previously owned by Olympus Partners, a private equity firm headquartered in Stamford, Connecticut. John Deere Landscapes, Alpharetta, Ga., will add the United Green Mark stores to the existing 250 John Deere Landscapes stores in the U.S. and Canada. Deere said the transaction allows the company to accelerate its entry and penetration in the key states of the western U.S. that are served by United Green Mark locations. Financial details of the transaction were not made available.(Source… Continue reading

Terex First-Quarter Profit Climbs (2005-6-2)

Terex Corp., a manufacturer of construction vehicles and mining equipment, said Tuesday that its first-quarter profit surged 78 percent as it raised selling prices to offset higher costs.The company earned $30.3 million, or 59 cents per share, up from $17 million, or 34 cents per share, a year ago. Excluding unusual items, Terex said it would have earned $30.8 million, or 60 cents per share in the latest quarter.Analysts surveyed by Thomson Financial expected adjusted earnings of 51 cents per share.Revenue grew 39 percent to $1.45 billion from $1.04 billion. The company said it has raised prices for much of its equipment and expects these increases to be more evident in the second quarter.Looking ahead, Terex predicted year-end earnings of $3.50 to $3.70 per share, above its expectations from earlier in the year and outpacing analysts\' average estimate for earnings of $3.50 per share.Terex shares climbed $1.82, or 4.6 percent, to… Continue reading

Kenworth Builds 250,000th Truck at Chillicothe, Ohio, Plant (2005-6-2)

Kenworth Truck Co.\'s manufacturing plant in Chillicothe, Ohio, recently celebrated production of its historic 250,000th truck, a new 2006 Model Kenworth T600 with a new cab interior.The 250,000th truck is an aerodynamic, fuel-efficient Kenworth T600 with 72-inch AeroCab sleeper for Halvor Lines Inc. of Superior, Wis.During a special ceremony attended by plant employees, Halvor Lines president John Vinje was presented with the keys to the new Kenworth T600 by Kenworth-Chillicothe plant manager Scott Blue, Kenworth Truck Co. general sales manager Bill Kozek, and Larry Soule, general sales manager of selling dealer Rihm Kenworth in St. Paul, Minn.(Source: truckinginfo.com) … Continue reading

Joy Global Inc. Announces Operating Results for Second Quarter of Fiscal Year 2005 (2005-6-2)

Joy Global Inc., a worldwide leader in high-productivity mining solutions, reported results for the second quarter of fiscal year 2005. Net sales increased by 43 percent to $482 million, compared to $338 million in the second quarter of last year. Operating income totaled $65 million in the second quarter, versus $22 million in the corresponding quarter last year. Net income amounted to $39 million or $0.47 per fully-diluted share in the quarter, compared with $19 million or $0.23 fully-diluted share in the second quarter of fiscal 2004. Earnings per share in the second quarter of fiscal 2004 were favorably impacted by an $0.08 per share income tax adjustment. All per share data reflects the 3-for-2 stock split of the company\'s common stock in January 2005.Results of Operations"We continue to be pleased with the strong results achieved by our businesses," commented John Hanson, chairman, president and CEO of Joy Global Inc. "New… Continue reading

Delphi To Develop DCX Common Rail Diesel Injection System (2005-6-3)

Delphi Corp. said it has been awarded a contract with DaimlerChrysler to develop and supply a complete diesel common rail and engine management system for a current and future Mercedes engine range. This is Delphi\'s first diesel common rail application with DaimlerChrysler, with Delphi having turnkey, complete systems responsibility, including components software and calibration. The first phase of the project covers the application engineering and supply of Delphi\'s diesel common rail model 1600 system for passenger cars. Further phases are planned to extend the application to an additional vehicle.Delphi said the new system is designed to provide high injection pressure, improved nozzle design, superior hydraulic stability and enhanced software strategies. The DCR 1600 delivers is also designed to provide more complete combustion and provide more accurate control of very small volumes of fuel, introducing the option of up to five injection events, Delphi said. This could produce a reduction in NOx… Continue reading