Apr 29,2012
More than a century after General Electric Co. (GE) built its first research laboratory in an upstate New York barn, it’s wooing Silicon Valley engineers in a bid to connect machines the way Facebook Inc. (FB) links people. ...
Apr 28,2012
With a focus on green energy technology, Doosan will give Intermat visitors a glimpse into its crystal ball with its concept hybrid excavators and unmanned robot excavators. It’s also playing up its 3-megawatt WinDS3000TM ...
Apr 24,2012
Zoomlion Heavy Industry Science & Technology Co. (1157) headed for the first gain in seven trading days after reassuring investors about the planned sale of a sanitation-equipment unit that's its fastest-growing business. The ...
Apr 21,2012
Mitsubishi Heavy Industries Ltd. (7011), a Japanese maker of heavy machinery, will suspend construction of its wind turbine manufacturing plant in Fort Smith, Arkansas because of sluggish demand in the U. S. The decision came ...
Apr 20,2012
Japanese stocks rose, with the Nikkei 225 (NKY) Stock Average rising the most in two weeks, after a North Korean rocket launch failed and Fast Retailing Co. Forecast record profit. Shares pared gains as slower growth in China ...
Apr 18,2012
LiuGong unveiled its 922E excavator and TD 40E dozer at Intermat this morning. David Beatenbough, vice president of research and development, told journalists the dozer has the heaviest undercarriage in the industry. A modular ...
Apr 17,2012
Two new mid-size stationary concrete pumps will be on display at the Sany Intermat booth: The HBT 60C-1816 and HBT 80C-1818, with 147-horsepower and 228-horsepower engines, respectively. Sany will also be showing its SYG 5260 THB ...
Apr 16,2012
High commodity prices have led to a spike in machinery buying on Midwest farms. We asked the full-line equipment manufacturers what industry trends they see among their customers. They came back with seven clear machinery-buying ...
Apr 15,2012
From a sprawling manufacturing base deep in China’s southwestern Hunan province, some 100 kilometers from where Mao Zedong was born, construction-machinery maker Sany Group (SANYIZ) plans to take on the world. While workers ...
Apr 13,2012
Japan’s machinery orders exceeded all economists’ estimates in February, signaling gains in capital spending that may help to sustain a recovery in the world’s third-biggest economy. Bookings (JNMOCHNG) increased ...
Apr 12,2012
Agco Corp. (AGCO), the world’s third- largest farm machinery maker, and De Lage Landen International BV, a Dutch leasing company, set up a joint venture in Turkey, the country’s antitrust board said. The joint venture ...
Apr 10,2012
In just over three years Putzmeister’s world, fashioned around the unforgiving business of concrete, came crashing down around it. For nearly half a century the Stuttgart-based company along with Schwing, its German arch ...
Apr 09,2012
South Africa’s trade deficit narrowed in February from a three-year high in the previous month as vehicle and machinery exports climbed. The shortfall eased to 7.5 billion rand ($976 million) from 13.5 billion rand in ...
Apr 08,2012
BHP Billiton Ltd. (RIO), the world’s biggest mining company, said China’s steel production is slowing as the world’s fastest-growing major economy starts to shift to focus more on consumers than large building ...
Apr 08,2012
Fuji Heavy Industries Ltd. (7270), maker of the Subaru brand of cars, agreed to sell its wind-turbine business to Hitachi Ltd. (6501), an electronics and industrial machinery manufacturer. The companies will begin discussions on ...
Apr 07,2012
Manufacturing probably picked up in the U. S. In March, showing it is weathering a slowdown in global growth, economists said before a report today. The Institute for Supply Management’s factory index climbed to 53 from 52.4 ...
Apr 06,2012
Rieter Holding AG (RIEN), a Swiss textile machinery-maker, will double its workforce in China to 1, 800 employees over the next two years to expand in Asia, Chairman Erwin Stoller said. Rieter may also increase staff in India by ...
Apr 06,2012
HarvEast, a Ukrainian agricultural company founded by Rinat Akhmetov and Vadim Novinsky, will post its first profit this year, according to Chief Executive Officer Simon Cherniavsky. Earnings before interest, taxes, depreciation ...
Apr 05,2012
Following is the text of U. S. Non-manufacturing conditions from the Institute for Supply Management. Economic activity in the non-manufacturing sector grew in March for the 27th consecutive month, say the nation’s ...
Apr 03,2012
ACIMIT, the Association of Italian Textile Machinery Manufacturers, has organized a Meeting Point where exhibiting Italian machinery manufacturers involved in the production of machines for technical textiles will show their ...