Archive for March 1st, 2010

Caterpillar up on energy, durable goods (2005-8-26)

NEW YORK (MarketWatch) -- Shares of Caterpillar Inc. and other equipment makers moved higher Thursday, following predictions of increased spending by energy companies and one day after durable goods orders for machinery showed a rise from a year ago.Prices for oil, coal and natural gas are all up in 2005, lifting cash flow for companies in the mining and exploring industries. That in turn should drive capital spending for heavy duty machines from Caterpillar, Joy Global Inc. and others, said UBS analyst David Blustein.UBS raised its target price for Caterpillar (CAT: news, chart, profile) to $65 from $62, maintaining a buy rating; Joy Global\'s (JOYG: news, chart, profile) price target went to $41 from $38 while its neutral rating remained intact. Despite an overall month-to-month drop in durable goods orders, a closer look at the data show an increase in machinery orders, as measured on a year-to-year basis.Total orders for new… Continue reading

Sany: Announced associated deal (2005-8-26)

Sany Heavy Industry Co.,Ltd.(hereinafter called to Company) is intending to sign Agreement of Purchase Agency with Kunshan Sany Heavy Machine Co., Ltd. whose raw materials, parts, import parts and partial processing parts needed in the manufacture of construction machinery products including excavators will commission Company to purchase.Sany Heavy Machine commissions Company to invite suppliers\' public bidding (at least three suppliers), then balance to real market bidding price. The commission will be by 0.5% of the amount of contract (the commission will accord with the former agreement).The Company is intending to sign Sales Cooperation Agreement with Sany Heavy Machine which will commission Company to sell construction machinery products including excavators manufactured by Sany Heavy Machine. The cooperation form is that the Company buys off the selling rights of construction machinery products such as excavators, etc. manufactured by Sany Heavy Machine and sells in the name of Company.The Company is intending to… Continue reading

G Sany: Half year\’s profit little down still with optimistic (2005-8-26)

G Sany today announced 2005 half year\'s report. Reflected with macroeconomic control, the income and net profit within this reporting period of the company have been down, but the prospective prediction is optimistic.In the first half of 2005, G Sany\'s operating income was RMB 1272 million, down 18.77% compared with the same period of last year; main operating profit RMB449 million, down 9.26% compared with the same period of last year; net profit RMB158 million, down 22.61% compared with the same period of last year. For down of income and profit, the company said, main due to the very hot economy, market demand growing abundantly of last year to reach periodic highpoint. After one year\'s continued macroeconomic controlling and cooling, now the market demand has recovered normally. Meanwhile, the company adjusted products structure and cut down the sales of products with low gross profit.Although the income was down, as further reducing… Continue reading

Volvo Construction Equipment chosen for prestigious developments in Dubai (2005-8-26)

Al-Futtaim Auto Machinery Company (FAMCO), the sole distributor for Volvo Construction Equipment in the UAE, has been invited to provide a further supply of Volvo backhoe loaders, graders, hydraulic excavators and wheel loaders for the prestigious Dubai Festival City development being built on the banks of Dubai Creek. (Source:ameinfo) … Continue reading

Sauer-Danfoss Inc. Announces 30th Consecutive Quarterly Dividend (2005-8-27)

Sauer-Danfoss Inc. today announced that its board of directors has declared a cash dividend of $0.12 per share for the quarter ended September 30, 2005. The dividend is payable on October 14, 2005, to stockholders of record as of September 30, 2005.This is the 30th consecutive quarterly dividend paid by the Company since its initial public offering in May of 1998.Sauer-Danfoss Inc. is a worldwide leader in the design, manufacture, and sale of engineered hydraulic and electronic systems and components, for use primarily in applications of mobile equipment. Sauer-Danfoss, with approximately 8,500 employees worldwide and revenue of more than $1.5 billion, has sales, manufacturing, and engineering capabilities in Europe, the Americas, and the Asia-Pacific region. The Company\'s executive offices are located near Chicago in Lincolnshire, Illinois. (Source:sauer-danfoss) … Continue reading

Xiamen Eng\’g Machinery Becomes China\’s Top Loader Supplier (2005-8-26)

Xiamen Engineering Machinery Co., Ltd., which is based in the port city of Xiamen in southeast China, has surpassed the Liuzhou Construction Machinery Co., Ltd. based in Guangxi Zhuang Autonomous Region to become the largest supplier of loaders in China this year, the company said. Loaders are the flagship product of the company. In the first half of this year, the company produced more than 10,000 loaders and sold 9,497 units, up 13.32 per cent year on year. Its share in the domestic loader market reached 18.15 per cent in the corresponding period, ranking first in the whole country.A senior official of the company said the company also extended its production lines to excavators in the first half of the year, which now boasts a profitability at least twice that of loaders in the country. It is learned that 95 per cent to 98 per cent of China\'s excavator market is… Continue reading