Archive for February 22nd, 2010

Deutz Corop. Announces Reorganization (2005-7-28)

As part of an overall sales reorganization of Germany\'s Deutz AG, Deutz Corp., Norcross, Ga. now has responsibilities for engine and parts sales and service for both North and portions of South America. The announcement was made by Robert Mann, president of CEO of Deutz Corp.The four Deutz AG global sales regions are: Asia Pacific, Middle East; Europe and Africa, and America\'s North and South. Sales to the America covered by Deutz Corp. will include the U.S., Canada, Mexico, and Central and South America with the exception of Argentina, Brazil, Uruguay and the Caribbean.In the America\'s reorganization, Steve Corley has been named vice president sales with responsiblity for the U.S. and Canada. Larry Magera will be in charge of the regional business managers and responsible for distribution sales, with Chuck Garcia handling parts sales and network development. Tiffany Culp will be responsible for Latin American engine and parts sales and Eurique… Continue reading

Freightliner, Detroit Diesel Personnel Moves (2005-7-29)

Freightliner LLC has added a new member to the company\'s executive committee, created for marketing and distribution and aligning its truck and component sales efforts under a single executive.Michael E. Delaney will join Freightliner\'s executive committee as senior vice president of marketing. In this newly created position, Delaney will assume responsibility for the development of the Freightliner, Sterling and Western Star truck brands. He will also help guide the efforts of the Detroit Diesel, Thomas Built, Freightliner Custom Chassis and American LaFrance business units to establish their nameplate identities within the markets they serve. Based at the company\'s Portland, Ore. headquarters, Delaney\'s specific duties will include top level management of market planning, product strategy, brand advertising, segment development, product promotion and new truck pricing.John Merrifield, presently senior vice president, Sterling and Western Star Trucks, will become senior vice president, distribution, for the Freightliner LLC organization. He will oversee the company\'s network… Continue reading

ArvinMeritor Proposes Move of Wrexham Manufacturing Base (2005-7-28)

ArvinMeritor Inc. has announced that its Commercial Vehicle Systems (CVS) trailer systes (axle and suspension) manufacturing location in Wrexham, North Wales, U.K., opened a 90-day redundancy consultation process with its union, AMICUS, and non-union elected staff representatives.About 199 employees responsible for trailer axle and suspension assemblies at the Wrexham facility will be potentially affected by this process.Several alternative manufacturing locations have been identified, and a final decision on the new site will be announced soon."This is an undesirable and difficult position for our business and our employees," said Sergio Carvalho, vice president and general manager of CVS Trailer Systems. "The decision to open a redundancy consultation process with employee representatives is based upon the business need to more closely align ourselves to the needs of our current and future customers."The company emphasized its continued commitment to and investment in the European trailer axle and suspension business. "A solid management and operations… Continue reading

Hyundai Construction\’s Q2 Net Profit Jumps 77 PCT (2005-7-29)

Hyundai Engineering and Construction Co., Sout Korea\'s leading builder, said Wednesday its net profit surged 77 per cent to 75.6 billion won (US$3.39 million) in the second quarter.Sales climbed 9.5 per cent from the previous quarter to 101.98 billion, while operating profit reached 96.8 billion won, up 10.8 percent, the company said in a regulatory filing.The company\'s first-half profit was tallied at 140.4 billion won, more than double the figure for the same period last year.Hyundai Engineering attributed to the rise in earnings to a 62 percent rise in orders in the first half, as well as improved ratio of costs against sales.The company forecasts it will achieve 287 billion won in net profit this year as demand has recently surged.(Source: yahoo.com) … Continue reading

Caterpillar eyes control of Chinese machinery firm (2005-7-29)

Caterpillar Inc., the world\'s top maker of earth-moving equipment, is negotiating to buy control of the core unit of China\'s No.1 machinery maker to tap the nation\'s building boom, executives with the mainland firm said.Caterpillar is negotiating to buy at least 51 percent of Xugong Machinery, they said.Xugong Machinery holds most of the assets of its parent, Xuzhou Construction Machinery Group Inc., which is China\'s leading maker of machinery and posted sales of 17 billion yuan ($2.1 billion) in 2004. A successful deal would mark a milestone for Caterpillar in China, where the U.S. company says its annual sales are approaching $1 billion."Talks are going on with Caterpillar and others. They want to take at least 51 percent of our main subsidiary," an executive at Xuzhou Construction told Reuters. "Foreigners typically insist on a controlling stake."However, he dismissed earlier Chinese media report that valued a potential deal at up to $300… Continue reading

Manitowoc Co. reports higher profits (2005-8-1)

The Manitowoc Co. Inc. reported higher second-quarter net income Wednesday, with higher profits from its crane business offsetting an operating loss from its shipbuilding operations.The company reported net income of $24.1 million, or 78 cents per share, for the second quarter, compared with $15.3 million, or 56 cents per share, for the same period a year ago.Excluding one-time items for the quarter, earnings for the period ended March 31 rose 43 percent to 80 cents per share from 56 cents per share, the company reported after markets closed Wednesday. Net sales for the Manitowoc-based manufacturer of cranes, ships and commerical ice-machine rose 17 percent to $616.8 million from $526.2 million.The company\'s construction cranes business nearly doubled its operating earnings for the quarter to $35.5 million, up from $18 million. The growth offset a $2.7 million operating loss in the company\'s marine segment.The marine business was impacted by rework and inefficiencies related… Continue reading