Apr 02,2012
News agency Beijing, February 13 report (reporter Yan Xiaohong) of the latest authoritative statistics, in 2011 China machinery industry realized total industrial output value of 16.89 yuan, an increase of two to five. China ...
Apr 01,2012
The trend in metal forming equipment is an increasingly complex one. Metal bending has been around for centuries and the forming industry as we see it today for decades. Today's rollforming leaders recognize the importance of ...
Mar 31,2012
China further consolidated its leading position as the most important market for German plastics and rubber machinery in 2011. German exports rose by 30.5% to 66.4m, up more than 60% on the previous year. “That is a new ...
Mar 28,2012
Titan Machinery Inc. (NASDAQ: TITN) announced that it has closed on the previously announced acquisition of Rimex, which consists of seven Case IH agriculture equipment dealership locations in the following cities in Bulgaria: ...
Mar 27,2012
Haulotte Group has announced a 23 percent increase in sales to €306.9 million for 2011, driven by a doubling of sales in North America and increases of 77 percent in Latin America and 48 percent in Asia. However, the company ...
Mar 27,2012
Guangxi Liugong Machinery Co Ltd. (000528), a Chinese construction machinery maker, said it wants further negotiation with Citigroup Inc. (C) over a $9 million currency loss from a forwards contract. The company entered the deal ...
Mar 25,2012
CVC Capital Partners Ltd., the buyout firm that owns Formula One, agreed to buy Ahlsell AB for 1.8 billion euros ($2.4 billion) to expand in the wholesale supply of tools, machinery and building products. CVC is buying the ...
Mar 23,2012
Deere & Co. (DE), the world’s largest maker of agricultural machinery, said it will invest $70 million to expand tractor production in Waterloo, Iowa. The investment will increase capacity by more than 10 percent by ...
Mar 20,2012
The Siemens Building Technologies Division has acquired Pace Global, a U. S. -based energy service provider. The acquisition underscores Siemens’ commitment to helping customers increase the value of their companies by ...
Mar 19,2012
Japanese stocks rose for a third day after better-than-estimated data on the nation’s machinery orders. Oil and the New Zealand dollar declined as Chinese exports grew at a slower pace than economists’ forecasts. The ...
Mar 19,2012
Duerr AG (DUE), a German maker of auto manufacturing machinery, expects to post higher sales this year than in 2011 and will propose a dividend of 1.20 euros to the supervisory board, Chief Financial Officer Ralph Heuwig told the ...
Mar 16,2012
Sany Group Co. (SANYIZ), owner of China’s biggest machinery maker, said its sales growth rate may slow by about half to 25 percent as the economy decelerates. Sales may exceed 100 billion yuan ($16 billion) in 2012, up from ...
Mar 14,2012
The European Machine Tool industry, represented by CECIMO, has launched a European initiative focused on sustainability: The Blue Competence Machine Tools initiative. The Blue Competence initiative [BluECOmpetence] is led by ...
Mar 13,2012
U. S. Construction equipment exports increased 43 percent in 2011 compared to the previous year for a total $23.5 billion of machinery shipped to other nations, according to the Association of Equipment Manufacturers (AEM). This ...
Mar 12,2012
Komatsu America Corp. Has named Rod Schrader as new CEO and vice chairman, effective April 1, 2012. Schrader, a 25-year veteran of Komatsu America, will replace Dave Grzelak, who is stepping down as CEO, but will remain Chairman ...
Mar 10,2012
Bobcat’s 2012 lineup of light construction products features a revamped line of air compressors, generators and pressure washers, as well as compaction equipment, including plate compactors and upright rammers. Powered by ...
Mar 09,2012
The construction industry was up 21, 000 jobs in January, likely due to two months of unseasonably mild winter weather. The Associated General Contractors of America released data attributing the higher temperatures to the ...
Mar 08,2012
Volvo Construction Equipment ended its fourth quarter with a 14 percent increase in net sales, helping the company to a full year sales increase of 21 percent in 2011. Volvo CE sold 84, 000 machines last year, up from 66, 000 in ...
Mar 07,2012
Industrial production accelerated in January, indicating manufacturing will remain at the forefront of the U. S. Economic expansion. Output (IPMGCHNG) at factories, mines and utilities rose 0.7 percent, the biggest gain in six ...
Mar 06,2012
Global trade will grow 7 percent this year and at an annualized rate of 3.8 percent over the next five years thanks to an earlier economic recovery, HSBC Holdings Plc (HSBC) said today in a report. The trade forecast suggests ...